20221004 Premarket Prep Gold - Bear Market Trader
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20221004 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
    • MN 50MA in UT being reactive
    • Price trad­ing with­in body
  • W1
    • W1 Inside Bar, pos­si­ble devel­op­ing W1 Three Out­side Up
    • Price cur­ren­cy test­ing W1 Sup­ply base level


  • D1
    • D1 RBR giv­ing D1-C‑D 1663.283 BASE with­in value
    • Price near­ing D1-C‑S 1719.360 coin­cid­ing with D1 50MA in DT
    • Price trad­ing with­in D1 QHi
  • H4
    • Price trad­ing at H4 200MA in DT, closed above it in premarket
    • Price trad­ing with­in D1/H4 QHi
  • Trend
    • Trend is Down
  • Mar­ket Profile
    • 2 over­lap­ping values
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.47
    • Asia formed a Neu­tral Day
    • 2.27xASR Above Val­ue, Out­side Range
    • Huge Imbal­ance
    • 0.33xASR IBR
    • Open at W1 Sup­ply Base

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Rever­sal, pos­si­ble Failed Auction
  • Hypo 2
    • Short
    • Sus­tained Auction
  • Hypo 3
    • Long
    • Late-Sus­tained Auc­tion, very risky
  • Hypo 4
    • Long
    • 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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