15 Aug 20220815 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:

Gold 2022 Week 33 Trad­ing Plan

The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Larg­er Timeframe

• MN
  • Price trad­ing with­in body but got near MN VWAP pos­si­ble CAR
• W1
  • Pos­si­ble W1 Phase 2 clos­ing above W1 QLo reject­ing it

Nar­ra­tive

• D1
  • D1 closed high­er from D1 50MA in DT
  • D1 Sup­ply, D1 QHi, D1 UKC in DT  right above
• H4
  • Pos­si­ble H4 Phase 1 / 3
  • Price trad­ing with­in sup­ply below H4 QHi
  • H4 QHi rejected
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • 4 over­lap­ping values
• LN Open
  • 0.13xASR Above Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia formed a Neu­tral Day but most­ly trad­ed lower
  • 0.36xASR IBR
  • A TPO accept­ed val­ue and B TPO made a LL

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Val­ue Accep­tance, risky with demand with­in val­ue (although High in Dist. Curve)
• Hypo 2
  • Long
  • Rever­sal, Pos­si­ble Failed Auction
• Hypo 3
  • Long
  • Auc­tion Fade, risky after full val­ue rota­tion, per­haps very late into the session

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

• Twit­ter
• Insta­gram