20221110 Premarket Prep Gold - Bear Market Trader
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20221110 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
    • Price trad­ing above body, out­side range, at W1 VWAP in DT, with­in Supply
    • Price returned to a W1 Sup­ply Base Level

Nar­ra­tive

  • D1
    • D1 Inside Bar with longer sell­ing wick react­ing off D1 Sup­ply, trad­ing at D1 UKC in DT
    • Price trad­ing with­in D1 QHi
  • H4
    • Pos­si­ble H4 Phase 1 / 3 with­in H4/D1 QHi
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile 
    • Val­ue cre­at­ed extend­ed above the previous
  • LN Open
    • Open With­in Value
    • Asia trad­ed higher
    • 0.32xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

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

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

  • 1

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay, a bit rushed due to oth­er work

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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