22 Nov 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:

Gold 2022 Week 47 Trad­ing Plan

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

• Twit­ter
• Insta­gram