20220922 Premarket Prep Gold - Bear Market Trader
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20220922 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 below body, below range
    • Price near­ing MN 50MA in UT
  • W1
    • Price made a LL and is cur­rent­ly trad­ing below body, with­in range
    • W1 QH reject­ed (shar­ing same lev­els with MN), price trad­ing mid swing


  • D1
    • Price took out D1 Sup­ply low in dist. Curve and closed as a Bull­ish Inside Bar how­ev­er leav­ing a longer sell­ing wick
    • Pos­si­ble Phase 1 / 3
  • H4
    • Price closed low­er below range tak­ing out demand
    • Pos­si­ble H4 Phase 1 / 3
    • H4-C‑S 1671.126 at VAL, with­in range
  • Trend
    • Trend is Down 3/3
  • Mar­ket Profile
    • Val­ue cre­at­ed above the previous
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.33
    • 0.91xASR Below Val­ue, Out­side Range
    • Large Imbal­ance
    • Asia trad­ed lower
    • 0.41xASR IBR

Addi­tion­al Notes

  • N.A>


  • Hypo 1
    • Long
    • Sus­tained Auction
  • Hypo 2
    • Short
    • Return to Val­ue, Reversal,
  • Hypo 3
    • 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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