20221128 Premarket Prep Gold - Bear Market Trader
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20221128 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, price get­ting near MN VWAP
  • W1
    • W1 QLo reject­ed, price trad­ing mid swing
    • Inside bar to Hammer
    • W1 VWAP BO, price trad­ing above


  • D1
    • D1 QHi reject­ed, price formed a Long-Legged Doji below D1 QHi
  • H4
    • H4 QLo reject­ed, price trad­ing mid swing
    • H4 Bear Engulf at D1 QHi with no con­tin­u­a­tion, instead mul­ti­ple tests
  • Trend
    • Mixed Trend
  • Mar­ket Profile 
    • Val­ue cre­at­ed below the precious
  • LN Open
    • LN wider than NY
    • Open With­in Value
    • Asia trad­ed low­er but returned to IB
    • 0.87xASR Wide IBR
    • A TPO closed above VAH, B TPO made a HH

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Failed Auc­tion
  • Hypo 2
    • Long
    • Strength From With­in IBR
  • Hypo 3
    • Long
    • Late-Sus­tained Auction
  • Hypo 4
    • Short
    • Rever­sal, 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


Day trader. Tech geek. Sim Racing Enthusiast.

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