20221006 Premarket Prep Gold - Bear Market Trader
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20221006 Premarket Prep Gold

#Fin­twit #XAUUSD #GOLD #Mar­ket­Pro­file #Order­flow

20221006 Pre­mar­ket Prep Gold

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
    • W1 retraced to W1 Sup­ply Base lev­el and is trad­ing above


  • D1
    • D1 Ham­mer at D1 50MA in DT coin­cid­ing with D1-C‑S 1719.360
    • Price trad­ing with­in D1 QHi, with­in D1 Supply
  • H4
    • H4 Bull Engulf and RBR giv­ing H4-C‑D 1712.719 High in Dist. Curve (with­in val­ue below VAH) fol­lowed by anoth­er poten­tial base
    • Price trad­ing with­in Wide D1/H4 QHi
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • 2 over­lap­ping val­ues after UT
  • LN Open
    • Prev. Day trad­ed 0.94xADR
    • 0.31xASR Above Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia trad­ed higher
    • 0.30xASR IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Rever­sal, pos­si­ble failed auction
  • Hypo 2
    • Long
    • (Late-)Sustained Auc­tion, risky
  • Hypo 3
    • Long
    • Return to Val­ue, Rever­sal, pos­si­ble Failed Auction
  • Hypo 4
    • Short
    • 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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