20220725 Premarket Prep Gold - Bear Market Trader
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20220725 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 almost took out MN demand and is cur­rent­ly still trad­ing within
    • MN QHi reject­ed, price trad­ing mid swing
  • W1
    • W1 Bull­ish Inside Bar with­in Wide W1 QLo and W1-C‑D 1729.709 (although fail­ing to close above)
    • Price trad­ing below W1 LKC in R


  • D1
    • D1 Bull Engulf giv­ing D1-C‑D 1712.136 (with­in Wide D1 QLo shar­ing same lev­els as W1 QLo) with slight con­tin­u­a­tion high­er although leav­ing a sell­ing wick react­ing off D1 Sup­ply (D1 VWAP in DT right above)
  • H4
    • H4 Bear Engulf at H4 QHi with no fol­low-through, instead some consolidation
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • Val­ue cre­at­ed above the pre­vi­ous back with­in over­all range
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.10
    • Open With­in Value
    • Asia formed a Neu­tral Day but most­ly trad­ed higher
    • 0.27xASR Tight IBR
    • Open at H4 QHi

Addi­tion­al Notes

  • Thurs­day, Jul 28, USD, Fed Inter­est Rate Decision


  • Hypo 1
    • Short
    • Failed Auc­tion, pos­si­ble 3‑I day ie con­tin­u­a­tion to oppos­ing side
  • Hypo 2
    • Long
    • Failed Auc­tion, pos­si­ble 3‑I day ie con­tin­u­a­tion to oppos­ing side
  • Hypo 3
    • Long
    • Late-Sus­tained Auction
  • Hypo 4
    • Short
    • Auc­tion Fade

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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