20220815 Premarket Prep Gold - Bear Market Trader
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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:

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


  • 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.


  • 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


Day trader. Tech geek. Sim Racing Enthusiast.

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