20220803 Premarket Prep Gold - Bear Market Trader
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20220803 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 below body, with­in range
  • W1
    • Price made a HH and is cur­rent­ly trad­ing above body


  • D1
    • D1 Bear Engulf giv­ing D1-C‑S 1763.229 at the inside of W1 QLo
  • H4
    • H4 demands tak­en out
    • H4 Three Out­side Up react­ing off Old H4 demand coin­cid­ing with H4 UKC in UT TC
    • H4-C‑S 1775.377 with­in value
  • Trend
    • Trend is Down 3/3
  • Mar­ket Profile
    • Val­ues in UT, 2 over­lap­ping values
  • LN Open
    • 0.17xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia extend­ed and trad­ed higher
    • 0.25xASR Tight IBR

Addi­tion­al Notes

  • Fri­day, Aug 05, USD, Non­farm Pay­rolls Pri­vate (Jul)


  • Hypo 1
    • Short
    • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
  • Hypo 2
    • Short
    • Sus­tained Auc­tion, H4 demand in the way could be risky, late-sus­tained preferred 
  • Hypo 3
    • Long
    • Val­ue Accep­tance, pos­si­ble Failed Auc­tion due to Tight IBR
  • Hypo 4
    • Long
    • Auc­tion Fade

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

  • 3

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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