20221003 Premarket Prep Gold - Bear Market Trader
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20221003 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 with­in body, at MN 50MA in UT
    • MN QHi reject­ed, price trad­ing mid swing, not far from MN QLo
  • W1
    • W1 Inside Bar below W1 200MA in UT
    • Price test­ed W1-C‑D 1625.456 BASE
    • Price trad­ing above body, with­in range


  • D1
    • Price test­ing D1-C‑S 1670.971 Low in Dist. Curve (with­in Val­ue) coin­cid­ing with D1 VWAP in DT, pos­si­ble TC
    • D1 Demand formed at W1-C‑D 1625.456 BASE
  • H4
    • H4 Bear Engulf at D1 Sup­ply coin­cid­ing with H4 UKC in DT
    • H4 VWAP in DT BO
    • H4-C‑D 1650 coin­cid­ing with H4 VWAP
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • Val­ues in UT
  • LN Open
    • 0.21xASR Below Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia formed a Neu­tral Day
    • 0.33xASR IBR

Addi­tion­al Notes

  • N.A. 


  • Hypo 1
    • Short
    • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
  • Hypo 2
    • Short
    • Sus­tained Auction
  • Hypo 3
    • Long
    • Auc­tion Fade
  • 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.

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