20220812 Premarket Prep Gold - Bear Market Trader
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20220812 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 and test­ed MN VWAP in UT (pos­si­ble CAR)
  • W1
    • Price made a HH and is cur­rent­ly trad­ing above body but with­in range
    • Price trad­ing above W1 QLo although not yet rejected


  • D1
    • Price trad­ing at D1 50MA in DT above D1 demand High in Dist. Curve
    • D1 QLo reject­ed, price trad­ing mid swing although came close to swing high
  • H4
    • H4 Bear Engulf reject­ing H4 QHi for the 2nd time. Although no imme­di­ate con­tin­u­a­tion. Instead some consolidation.
    • Round num­ber 1800 popped
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • 3 over­lap­ping val­ues with­in over­all range
  • LN Open
    • 0.09xASR Above Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia formed a Neu­tral Day but most­ly trad­ed higher
    • 0.41xASR IBR
    • B TPO accept­ed value

Addi­tion­al Notes

  • N.A. 


  • Hypo 1
    • Short
    • Val­ue Accep­tance, risky with demand with­in value
  • Hypo 2
    • Long
    • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
  • Hypo 3
    • 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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