Bear Market Trader | Premarket Prep GOLD XAUUSD - London session
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20221124 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, some reac­tion test­ing MN VWAP
  • W1
    • Price made a LL and is now trad­ing with­in body
    • W1 QLo, reject­ed, price trad­ing mid swing

Nar­ra­tive

  • D1
    • D1 Three Out­side Up giv­ing D1-C‑D 1741.147 Momen­tum (above VAH)
    • D1 QHi reject­ed, price get­ting near to test it again
  • H4
    • H4 Phase 1 with break high­er reject­ing H4 QLo
    • H4 Bear­ish Inside Bar at H4 50MA
    • Pos­si­ble start of an Over­all Range after a UT
  • Trend
    • Mixed Trend
  • Mar­ket Profile 
    • Val­ue cre­at­ed below the pre­vi­ous, pos­si­bly estab­lish­ing new Over­all Range
  • LN Open
    • 0.93xASR Above Val­ue, Out­side Range
    • Large Imbal­ance
    • Asia trad­ed extend­ing high­er but mean­der­ing back
    • 0.30xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

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

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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