Bear Market Trader | Premarket Prep GOLD XAUUSD - London session
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20220809 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 with­in body
  • W1
    • Price trad­ing above body but still with­in range, pos­si­ble devel­op­ing W1 QLo rejection

Nar­ra­tive

  • D1
    • D1 Bull­ish Inside Bar fol­low­ing a Bear­ish Inside Bar, pos­si­ble con­sol­i­da­tion, pos­si­ble devel­op­ing D1 Inside Up
    • D1 QLo reject­ed, price trad­ing mid swing
  • H4
    • Price trad­ing with­in H4 QHi, at H4 VWAP/UKC in UT above H4-C‑D 1777.949 High in Dist. Curve (with­in val­ue below VAH)
    • Price trad­ing at H4-C‑S 1791.005 OLD
  • Trend
    • Trend is Down 3/3
  • Mar­ket Profile
    • Val­ue cre­at­ed below the pre­vi­ous with­in over­all range
  • LN Open
    • 0.38xASR Above Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia trad­ed lower
    • 0.27x Tight IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Long
    • Sus­tained Auction
  • Hypo 2
    • Short
    • Rever­sal, Auc­tion Fade

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

  • 4

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay

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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