20220905 Premarket Prep Gold - Bear Market Trader
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20220905 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
    • MN closed with­in Demand (already test­ed mul­ti­ple times) although failed to close below pre­vi­ous range low
    • MN QHi reject­ed, price trad­ing mid swing
  • W1
    • Price closed low­er with­in W1 demand although failed to close below pre­vi­ous range low
    • Price closed deep with­in Wide W1 QLo


  • D1
    • D1 Bull Engulf fail­ing to close above D1 QLo giv­ing D1-C‑D 1711.222
  • H4
    • Price start­ed fal­ter­ing with­in OLD H4 sup­ply coin­cid­ing with H4 LKC in DT although failed to close below H4 VWAP in DT
    • Weak H4 Three Out­side Down giv­ing H4-C‑S 1713.444
    • H4 QLo reject­ed, price trad­ing mid swing
  • Trend
    • Strong DT 3/3
  • Mar­ket Profile
    • 2 over­lap­ping values
  • LN Open
    • LN wider than NY
    • Prev. Day Exceed­ed ADR by 1.10
    • 0.39xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day but most­ly trad­ed higher
    • 0.27xASR Tight IBR

Addi­tion­al Notes

  • Labour Day 


  • Hypo 1
    • Short
    • Failed Auc­tion
  • Hypo 2
    • Long
    • Return to Val­ue, pos­si­ble Rever­sal, pos­si­ble Failed Auction
  • Hypo 3
    • Long
    • Late-Sus­tained Auction
  • Hypo 4
    • Short
    • Auc­tion Fade

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

  • 2

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay
  • Just had along break so will take it easy

Focus Points for trad­ing development

  • Month­ly Goals
    • Use SL scaling


Day trader. Tech geek. Sim Racing Enthusiast.

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