20221021 Premarket Prep Gold - Bear Market Trader
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20221021 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, with­in range, above MN QLo
  • W1
    • W1 Bear Engulf, price trad­ing below body, below range, price get­ting close to poten­tial­ly take out W1 Demand End 1614.772
    • Price trad­ing above MN/W1 QLo


  • D1
    • Price retraced and start­ed react­ing from with­in D1 QLo and closed as a pos­si­ble base deep­er with­in Wide D1 QLo
  • H4
    • Big H4 Bear Engulf at H4 VWAP/LKC in DT and slight con­tin­u­a­tion low­er with­in Wide H4 QLo
  • Trend
    • Trend is Down 3/3
  • Mar­ket Profile
    • 2 over­lap­ping val­ues in DT
  • LN Open
    • 0.44xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day but most­ly trad­ed lower
    • 0.57xASR IBR
    • LN wider than NY

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Return to Val­ue, Rever­sal, pos­si­ble Failed Auction
  • Hypo 2
    • Short
    • Late-Sus­tained Auction
  • Hypo 3
    • Long
    • Val­ue Acceptance
  • Hypo 4
    • Long
    • Auc­tion Fade, pos­si­ble FA due to pop­ping of W1 demand

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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