Bear Market Trader | Premarket Prep GOLD XAUUSD - London session
day trade, day trading, forex, FX, trade plan, trading plan, XAU USD, XAUUSD, GOLD, premarket prep, pre-market prep, tradingforex, traderlifestyle, daytraderlife,
12470
post-template-default,single,single-post,postid-12470,single-format-standard,vcwb,bridge,ajax_fade,page_not_loaded,,qode-title-hidden,side_area_uncovered_from_content,qode-theme-ver-9.5,hide_inital_sticky,wpb-js-composer js-comp-ver-4.12,vc_responsive

20221104 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 with­in body
  • W1
    • Price made a LL and is cur­rent­ly trad­ing with­in body
    • Price trad­ing above MN/W1 QLo (no test)

Nar­ra­tive

  • D1
    • Pos­si­ble D1 Phase 1 / 3
    • D1 Three Out­side Down tak­ing out some demand and clos­ing deep­er with­in D1 QLo although leav­ing a long buy­ing wick clos­ing at D1 demand (not con­fi­dent­ly within)
  • H4
    • H4 Bull­ish Inside Bar and close high­er above D1 QLo
    • H4 QLo reject­ed, price trad­ing mid swing
  • Trend
    • Trend is Down 3/3
  • Mar­ket Profile
    • Val­ue cre­at­ed below the previous
  • LN Open
    • 1.38xASR Above Val­ue, Out­side Range
    • Huge Imbal­ance
    • Asia trad­ed higher
    • 0.39xASR IBR

Addi­tion­al Notes

  • NFP today

Hypos

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

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

No Comments

Post A Comment

The maximum upload file size: 128 MB. You can upload: image, audio, video, document, spreadsheet, interactive, text, archive, code, other. Links to YouTube, Facebook, Twitter and other services inserted in the comment text will be automatically embedded. Drop files here