20221122 Premarket Prep Gold - Bear Market Trader
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12997
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20221122 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, test­ing MN VWAP CAR
  • W1
    • Price failed to close with­in W1-C‑S 1773.738 once again
    • Price trad­ing below body, out­side range
    • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

  • D1
    • D1 QHi reject­ed, price trad­ing mid swing
  • H4
    • H4 Bull Engulf below H4 LKC in UT giv­ing H4-C‑D 1736.527 to a pos­si­ble base in premarket
    • D1/H4 QHi reject­ed, price trad­ing mid swing
  • Trend
    • Mixed trend
  • Mar­ket Profile 
    • Val­ue cre­at­ed below the previous
  • LN Open
    • 0.03xASR Above Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia trad­ed higher
    • A TPO closed high­er tak­ing out Asia High
    • 0.28xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Long
    • Rever­sal, Pos­si­ble Sus­tained Auction
  • Hypo 2
    • Short
    • Val­ue Acceptance
  • Hypo 3
    • Short
    • Auc­tion Fade

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

  • 1

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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