Bear Market Trader | Premarket Prep GOLD XAUUSD - London session
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20221116 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, price near­ing MN VWAP, into CAR territory
  • W1
    • Price trad­ing above body, out­side range, with­in W1 Supply
    • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

  • D1
    • Price trad­ing high­er with­in Wide D1 QHi
    • D1-C‑S 1790.802 not far above
  • H4
    • Pos­si­ble H4 Phase 1 / 3
    • Price trad­ing above H4 VWAP in UT, with­in Wide D1/H4 QHi
  • Trend
    • Trend is UP 2/3
  • Mar­ket Profile 
    • Val­ue cre­at­ed above the pre­vi­ous 2 over­lap­ping values
  • LN Open
    • Open With­in Value
    • Asia trad­ed lower
    • 0.21xASR Tight IBR

Addi­tion­al Notes

  • N.A. 

Hypos

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

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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