20220718 Premarket Prep Gold - Bear Market Trader
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20220718 Premarket Prep Gold

#Fin­twit #XAUUSD #GOLD #Mar­ket­Pro­file #Order­flow

This is my pre­mar­ket prep for today’s Euro­pean ses­sion for GOLD. This prep builds off of my week­ly trade plan I made here:

The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Larg­er Timeframe

  • MN
    • Price trad­ing deep­er with­in MN demand
  • W1
    • Price closed deep­er with­in W1 demand, Wide W1 QLo

Nar­ra­tive

  • D1
    • Some slow down above D1-C‑D 1692.029
  • H4
    • Some con­sol­i­da­tion and break high­er giv­ing H4-C‑D 1704.844 (with­in val­ue below VAH) although price is trad­ing at H4 VWAP in DT
    • H4 Invert­ed Ham­mer react­ing off H4 VWAP in DT
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • Val­ues in DT
  • LN Open
    • 0.66xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day but most­ly trad­ed higher
    • 0.57xASR IBR
    • ASR Exhaus­tion High at D1 Sup­ply Base lev­el, ADR exhaus­tion not far above

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Short
    • Failed Auc­tion
  • Hypo 2
    • Long
    • Failed Auc­tion
  • Hypo 3
    • Long
    • Late-Sus­tained Auction
  • Hypo 4
    • Short
    • Auc­tion Fade

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

  • 2

Mind­ful Trad­ing (lack of sleep?)

  • A bit tired

Focus Points for trad­ing development

  • Month­ly Goals
    • Use SL scaling

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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