28 Nov 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:

Gold 2022 Week 48 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, price get­ting near MN VWAP
• W1
  • W1 QLo reject­ed, price trad­ing mid swing
  • Inside bar to Hammer
  • W1 VWAP BO, price trad­ing above

Nar­ra­tive

• 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.

Hypos

• 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

• Twit­ter
• Insta­gram