20220914 Premarket Prep Gold - Bear Market Trader
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20220914 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 made a LL and is cur­rent­ly trad­ing below body
  • W1
    • W1 Inside Bar with­in demand, Wide W1 QLo
    • Price trad­ing below body, with­in range

Nar­ra­tive

  • D1
    • D1 Bear Engulf giv­ing D1-C‑S 1719.567 (below VAL) coin­cid­ing with D1 VWAP in DT TC, price closed with­in new­ly formed demand still above D1-C‑D 1691.865
    • Price trad­ing at round num­ber 1700
  • H4
    • Big move down reject­ing H4 QHi, price cur­rent­ly trad­ing at H4 QLo
  • Trend
    • Trend is Down 3/3
  • Mar­ket Profile
    • 3 over­lap­ping values
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.47
    • LN wider than NY
    • 1.42xASR Below Val­ue, Out­side Range
    • Huge Imbal­ance
    • Asia formed a Neu­tral Day
    • Open at H4 QLo
    • 035xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Long
    • Late-Sus­tained Auction
  • Hypo 2
    • Short
    • Failed Auc­tion, pos­si­ble continuation
  • Hypo 3
    • Short
    • Auc­tion Fade, pos­si­ble reversal, 

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

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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