20221005 Premarket Prep Gold - Bear Market Trader
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20221005 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 above body but with­in range
  • W1
    • Price reached a W1 Base Sup­ply lev­el pos­si­bly devel­op­ing a Three Out­side Up

Nar­ra­tive

  • D1
    • Price trad­ing at D1-C‑S 1719.360, with­in D1 QHi coin­cid­ing with D1 50MA in DT
  • H4
    • Con­sol­i­da­tion at D1 Supply
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • Val­ue cre­at­ed extend­ed above the previous
  • LN Open
    • 0.80xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia trad­ed lower
    • 0.56xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Short
    • Sus­tained Auc­tion, pos­si­ble con­tin­u­a­tion to VAA
  • Hypo 2
    • Long
    • Return to Val­ue, Rever­sal, pos­si­ble 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

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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