20221025 Premarket Prep Gold - Bear Market Trader
day trade, day trading, forex, FX, trade plan, trading plan, XAU USD, XAUUSD, GOLD, premarket prep, pre-market prep, tradingforex, traderlifestyle, daytraderlife,

20221025 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, trad­ing above MN QLo
  • W1
    • W1 Bear Engulf fol­lowed by an Inside Bar with longer buy­ing wick almost tak­ing out W1 Demand End 1614.772
    • Price trad­ing above MN/W1 QLo


  • D1
    • Big D1 Bull Engulf fol­lowed by a price clos­ing slight­ly low­er as an Inside Bar with slight­ly longer sell­ing wick react­ing off D1 VWAP/LKC in DT
    • Price trad­ing above D1 QLo
  • H4
    • H4 DBD giv­ing H‑C-S 1655.714 reject­ing H4 QHi
    • H4 Bull Engulf at H4 50MA in DT pos­si­ble H4 VWAP BO to CAS, trad­ing above D1 QLo
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • Val­ue cre­at­ed above the pre­vi­ous DT
  • LN Open
    • Open With­in Value
    • Asia formed a Neu­tral Day but trad­ed lower
    • 0.38xASR IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Long
    • Failed Auc­tion
  • Hypo 2
    • Short
    • Late-Sus­tained Auction
  • Hypo 3
    • Short
    • Failed Auc­tion
  • 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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