20221129 Premarket Prep Gold - Bear Market Trader
day trade, day trading, forex, FX, trade plan, trading plan, XAU USD, XAUUSD, GOLD, premarket prep, pre-market prep, tradingforex, traderlifestyle, daytraderlife,

20221129 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 is trad­ing above body, out­side range, near MN VWAP
  • W1
    • Price is trad­ing with­in body after hav­ing made a HH
    • W1 QLo reject­ed, price trad­ing mid swing


  • D1
    • Price reject­ed D1 QHi once more but failed to close with­in D1-C‑D 1741.147 HiDC
  • H4
    • H4 Three Inside Up reject­ing H4 QLo clos­ing just below H4-C‑S 1750.746 Near Round No. (although xx50)
  • Trend
    • Mixed Trend
  • Mar­ket Profile 
    • Wide val­ue cre­at­ed above the pre­vi­ous, pos­si­bly estab­lish­ing a new over­all range
  • LN Open
    • Pre­vi­ous Day trad­ed 0.96, pos­si­ble ADR momentum
    • 0.10xASR Below Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia formed a Neu­tral Day but most­ly trad­ed higher
    • 0.54xASR IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
  • Hypo 2
    • Long
    • Val­ue Accep­tance. Risky trad­ing into sup­ply, D1 QHi
  • Hypo 3
    • Long
    • Auc­tion Fade
  • Hypo 4
    • Short
    • Rever­sal, Auc­tion Fade, risky in case of VAA

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.

0 0 votes
Article Rating
Notify of

Inline Feedbacks
View all comments
Would love your thoughts, please comment.x