20220928 Premarket Prep Gold - Bear Market Trader
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20220928 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 near­ing MN QLo
  • W1
    • Price trad­ing below body, below range, test­ing W1 Demand Base level
    • MN/W1 QLo not far below

Nar­ra­tive

  • D1
    • Pos­si­ble D1 Phase 4
    • Yes­ter­day closed as an Invert­ed D1 Hammer
  • H4
    • Price test­ed H4 sup­ply and trad­ed low­er clos­ing with­in H4 demand
  • Trend
    • Trend is Down 3/3
  • Mar­ket Profile
    • Val­ue cre­at­ed below the pre­vi­ous although touching
  • LN Open
    • 0.96xASR Below Val­ue, Out­side Range
    • Large Imbal­ance
    • Open below yesterday’s low
    • Asia formed a Neu­tral Day but most­ly trad­ed lower
    • 0.64xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Long
    • Sus­tained Auc­tion, tricky with con­ges­tion in the way
  • Hypo 2
    • Short
    • Failed Auc­tion
  • Hypo 3
    • Short
    • Return to Val­ue, Rever­sal, Auc­tion Fade
  • Hypo 4
    • Short
    • Late-Sus­tained Auction

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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