20220916 Premarket Prep Gold - Bear Market Trader
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20220916 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 trad­ed low­er tak­ing out MN demand
    • Price near­ing MN 50MA in UT
  • W1
    • Price trad­ed mak­ing a LL tak­ing out demand and W1 QLo cur­rent­ly trad­ing at W1 200MA in UT


  • D1
    • D1 Bear Engulf at D1 VWAP in DT TC with con­tin­u­a­tion with price clos­ing with­in, almost tak­ing out, D1-C‑D 1691.865 (tak­en out dur­ing IB)
    • D1 QLo tak­en out, price mid swing currently
  • H4
    • Price slow­down just above D1 Demand End 1659.536
  • Trend
    • Trend is Down 3/3
  • Mar­ket Profile
    • Val­ues in DT
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.59
    • LN wider han NY
    • 1.78xASR Below Val­ue, Out­side Range
    • Huge Imbal­ance
    • Asia extend­ed to the upside
    • 0.58xASR IBR, B TPO moved low­er tak­ing out D1 demand

Addi­tion­al Notes

  • Pos­si­ble Fri­day Profit-Taking


  • Hypo 1
    • Short
    • Late-Sus­tained Auction
  • Hypo 2
    • Long
    • Failed Auc­tion
  • Hypo 3
    • Long
    • Auc­tion Fade

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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