20220926 Premarket Prep Gold - Bear Market Trader
day trade, day trading, forex, FX, trade plan, trading plan, XAU USD, XAUUSD, GOLD, premarket prep, pre-market prep, tradingforex, traderlifestyle, daytraderlife,

20220926 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 trad­ing at MN 50MA in UT
    • Price near­ing MN QLo
  • W1
    • Price trad­ing below body, below range test­ing OLD W1-C‑D 1625.456 BASE
    • Price near­ing MN/W1 QLo


  • D1
    • Price took out some old D1 demand
  • H4
    • H4 con­sol­i­da­tion
  • Trend
    • Trend is Down 3/3
  • Mar­ket Profile
    • Wide val­ue cre­at­ed below pre­vi­ous brack­et­ing range
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.36
    • 0.23xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day but most­ly trad­ed lower
    • 0.77xASR Wide IBR
    • A Accept­ed Val­ue, but with it being wide it prob­a­bly won’t fol­low the same rules

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Failed Auc­tion
  • Hypo 2
    • Long
    • Strength From With­in IBR (pos­si­ble for­ward-test with­out IBR extension)
  • Hypo 3
    • Short
    • Rever­sal, pos­si­ble ASR/ADR Exhaustion
  • Hypo 4
    • Long
    • Failed Auc­tion

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.

0 0 votes
Article Rating
Notify of

Inline Feedbacks
View all comments
Would love your thoughts, please comment.x