Bear Market Trader | Premarket Prep GOLD XAUUSD - London session
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20221114 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, out­side range
  • W1
    • Big move up clos­ing below W1-C‑S 1773.738
    • W1 QLo reject­ed, price trad­ing mid swing
    • Price trad­ing with­in body

Nar­ra­tive

  • D1
    • Price closed high­er with­in Wide D1 QHi
  • H4
    • Price trad­ing with­in Wide D1/H4 QHi
  • Trend
    • Trend is UP 2/3
  • Mar­ket Profile 
    • Val­ue cre­at­ed above the previous
  • LN Open
    • Open With­in Value
    • Asia formed a Neu­tral Day but most­ly trad­ed lower
    • 0.33xASR IBR
    • Per­haps a delayed reac­tion to Fri­day Profit-Taking

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Long
    • Failed Auc­tion, per­haps a 3‑I Day
  • Hypo 2
    • Short
    • Late-Sus­tained Auction
  • Hypo 3
    • Long
    • Auc­tion Fade
  • Hypo 4
    • Short
    • Auc­tion Fade, 3‑I Day

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

  • 1

Mind­ful Trad­ing (lack of sleep?)

  • A bit tired from sore­ness, will take it easy

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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