20221026 Premarket Prep Gold - Bear Market Trader
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20221026 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 is trad­ing below body, with­in range, 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
    • D1 Inside Bar fol­lowed by a Near-Doji with longer buy­ing wick, pos­si­ble Base
  • H4
    • BIg Bull Engulf giv­ing H4-C‑D 1650 coin­cid­ing with H4 VWAP BO to CAS
    • Price trad­ing with­in Wide H4 QHi, get­ting close to take it out (IB took it out and estab­lished a new one)
    • Price trad­ing at H4 200MA in DT
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • 2 over­lap­ping values
  • LN Open
    • LN wider than NY
    • 1.08xASR Above Val­ue, Out­side Range
    • Large Imbal­ance
    • Asia formed a Neu­tral Day but most­ly trad­ed higher
    • 0.40xASR IBR

Addi­tion­al Notes

  • N.A.


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


Day trader. Tech geek. Sim Racing Enthusiast.

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