25 Nov 20221125 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, some reac­tion from MN VWAP
• W1
  • Price made a LL, price trad­ing back with­in body
  • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

• D1
  • D1 Three Out­side Up to slight con­tin­u­a­tion fail­ing to close with­in D1 QHi cur­rent­ly trad­ing below
• H4
  • H4 Bear Engulf giv­ing H4-C‑S 1755.132 just below VAL
  • H4 QLo reject­ed, price trad­ing mid swing
• Trend
  • Mixed Trend
• Mar­ket Profile 
  • Val­ue cre­at­ed above the previous
• LN Open
  • 0.35xASR Below Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia trad­ed high­er but reversed back to IB
  • 0.32xASR IBR
  • Pos­si­ble Fri­day Profit-Taking

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Return to Val­ue, Rever­sal, pos­si­ble Failed Auction
• Hypo 2
  • Short
  • Late-Sus­tained Auction
• Hypo 3
  • Long
  • Failed Auc­tion
• Hypo 4
  • Long
  • 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

• Twit­ter
• Insta­gram