20220919 Premarket Prep Gold - Bear Market Trader
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20220919 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 took out MN demand
    • Price is cur­rent­ly trad­ing below body and range
    • Price near­ing MN 50MA in UT
  • W1
    • W1 DBD giv­ing W1-C‑S 1710.087 BASE (near Round No.)
    • Price closed at W1 200MA in UT
    • Price trad­ing below body, but with­in range


  • D1
    • D1 VWAP in DT TC with con­tin­u­a­tion clos­ing lower
    • D1 Inside Bar
  • H4
    • H4 Bull Engulf and con­tin­u­a­tion high­er giv­ing H4-C‑D 1663.773 with­in val­ue, below VAH
    • H4 VWAP in DT TC giv­ing H4-C‑S 1675.712
  • Trend
    • Trend is Down 3/3
  • Mar­ket Profile
    • Val­ues in DT
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.06
    • LN wider than NY
    • 0.01xASR Above Val­ue, With­in Range, Ambigu­ous Open
    • Asia trad­ed lower
    • 0.44xASR IBR
    • A TPO closed low­er with­in val­ue, B formed an Inside Bar react­ing off H4 demand

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Val­ue Accep­tance, risky with demand
  • Hypo 2
    • Long
    • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
  • Hypo 3
    • Short
    • Failed Auc­tion
  • Hypo 4
    • Short
    • Auc­tion Fade

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

  • 2

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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