20221027 Premarket Prep Gold - Bear Market Trader
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20221027 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 with­in body
  • W1
    • Price is trad­ing above body, with­in range after hav­ing made a HH with­in new­ly formed W1 Sup­ply LiDC (Low in Dis­tri­b­u­tion Curve)
    • Price trad­ing above MN/W1 QLo


  • D1
    • D1 Morn­ing Star formed above D1 QLo giv­ing D1-C‑D 1652.328 Momen­tum although price failed to close with­in W1/D1 Sup­ply LiDC
  • H4
    • Price test­ed H4 200MA in DT (coin­cid­ing with H4 QHi) and start­ed faltering
    • Price com­ing from H4 VWAP BO to CAS, pos­si­ble continuation
    • H4 closed below H4 QHi leav­ing meany sell­ing wicks
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • Val­ue cre­at­ed above the previous
  • LN Open
    • Prev. Day trad­ed 0.92xADR, pos­si­ble ADR momentum
    • LN wider than NY, move of the day might hap­pen dur­ing LN
    • 0.38xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day
    • 0.25xASR Tight IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auc­tion, pos­si­ble con­tin­u­a­tion lower
  • Hypo 2
    • Long
    • Late-Sus­tained Auc­tion, mon­i­tor for Val­ue Acceptance
  • Hypo 3
    • Long
    • Auc­tion Fade, fol­low-up to Hypo 1

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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