20220719 Premarket Prep Gold - Bear Market Trader
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20220719 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 prob­ing deep­er with­in MN demand
  • W1
    • Price closed deep with­in Demand and W1 QLo and is cur­rent­ly trad­ing with­in body


  • D1
    • D1 Invert­ed ham­mer, pos­si­ble consolidation
    • Trad­ing deep with­in D1 QLo (shar­ing same lev­els as W1 QLo)
  • H4
    • H4 Three Inside Down giv­ing H4-C‑S 1714.859 with­in val­ue at VAL
    • Price trad­ing at H4 QLo
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • Val­ue cre­at­ed above the previous
  • LN Open
    • 0.42xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day but most­ly trad­ed higher
    • 0.31xASR IBR
    • C closed above IB, not far below VAL

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
  • Hypo 2
    • Long
    • Late-Sus­tained Auc­tion, Val­ue Acceptance
  • Hypo 3
    • Short
    • Auc­tion Fade, risky if there is a full rota­tion through val­ue although there are some sup­plies there.

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

  • 2

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay

Focus Points for trad­ing development

  • Month­ly Goals
    • Use SL scaling


Day trader. Tech geek. Sim Racing Enthusiast.

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