20221108 Premarket Prep Gold - Bear Market Trader
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20221108 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 above body, with­in range
  • W1
    • Pos­si­ble W1 Phase 1 / 3
    • Price trad­ing with­in body
    • Price trad­ing above MN/W1 QLo

Nar­ra­tive

  • D1
    • D1 Spin­ning Top after a big up day still trad­ing with­in D1 Sup­ply at D1 50MA in DT
    • D1 QLo reject­ed, price trad­ing mid swing
  • H4
    • Price fal­ter­ing with­in Wide H4 QHi giv­ing H4-C‑S 1676.942 (with­in Value)
    • Price trad­ing with­in H4 Demand HiDC
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile 
    • Val­ue cre­at­ed above the previous
  • LN Open
    • LN wider than NY
    • 0.29xASR Below Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia formed a Neu­tral Day but most­ly trad­ed lower
    • 0.34xASR IBR clos­ing below Asia, below range

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Short
    • Sus­tained Auction
  • Hypo 2
    • Short
    • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
  • Hypo 3
    • Long
    • Rever­sal, Auc­tion Fade
  • Hypo 4
    • Long
    • Failed Auc­tion (for­ward-test­ing narrative)

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.

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