20221123 Premarket Prep Gold - Bear Market Trader
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20221123 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 is see­ing some reaction
  • W1
    • Price trad­ing below body, out­side range
    • W1 QLo reject­ed price trad­ing mid swing


  • D1
    • D1 QHi reject­ed, price trad­ing mid swing
    • Yes­ter­day formed an Invert­ed Hammer
  • H4
    • H4 Bear Engulf at H4 VWAP in DT giv­ing H4-C‑S 1742.892 below VAL
    • Pos­si­ble H4 Phase 1 / 3
    • Pre­mar­ket formed a con­sol­i­da­tion and close high­er with­in sup­ply giv­ing H4-C‑D 1741.278 through Bull Engulf
    • D1/H4 QHi reject­ed, price trad­ing mid swing
  • Trend
    • Mixed Trend
  • Mar­ket Profile 
    • Val­ue cre­at­ed above the previous
  • LN Open
    • LN wider than NY
    • 0.05xASR Below Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia trad­ed low­er but recov­ered before LN open
    • 0.36xASR IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Rever­sal, pos­si­ble Sus­tained Auc­tion, risky with new­ly formed H4 demand, late-sus­tained auc­tion preferred
  • Hypo 2
    • Long
    • Failed Auc­tion, pos­si­ble con­tin­u­a­tion through VAA
  • Hypo 3
    • Long
    • Auc­tion Fade

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

  • 2

Mind­ful Trad­ing (lack of sleep?)

  • Tak­ing it easy

Focus Points for trad­ing development

  • Month­ly Goals 
    • Use SL scaling


Day trader. Tech geek. Sim Racing Enthusiast.

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