20220811 Premarket Prep Gold - Bear Market Trader
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20220811 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, although back with­in range after hav­ing made a HH
    • Price trad­ing above W1 QLo, although no con­fir­ma­tion of rejec­tion yet


  • D1
    • Weak D1 Three Inside Up giv­ing D1-C‑D 1788.258 High in Dist. Curve at D1 50MA in DT fol­lowed by an Invert­ed Hammer
    • Price got close to D1 QHi although not quite
  • H4
    • H4 Bear Engulf after round num­ber of 1800 got popped giv­ing H4-C‑S 1790.820 (with­in val­ue) reject­ing H4 QHi fol­lowed by a DBD
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • 2 over­lap­ping values
  • LN Open
    • Prev. Day trad­ed 0.95xADR, pos­si­ble momentum
    • 0.16xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day but most­ly trad­ed lower
    • 0.17xASR Tight IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auc­tion, mon­i­tor for continuation
  • Hypo 2
    • Long
    • Val­ue Accep­tance, risky with Sup­ply with­in value
  • Hypo 3
    • Long
    • Failed Auc­tion
  • Hypo 4
    • Short
    • Late-Sus­tained Auction

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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