20221207 Premarket Prep Gold - Bear Market Trader
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20221207 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 made a HH but is now trad­ing with­in body, at MN VWAP
  • W1
    • Price retraced back with­in body to 50% mark of the pre­vi­ous week after hav­ing made a HH 


  • D1
    • D1 Con­sol­i­da­tion and break down below W1/D1 QHi, Invert­ed Ham­mer formed above D1 VWAP in UT
  • H4
    • Some H4 Phase 1 / 3 above H4 50MA in UT
    • H4 QHi reject­ed, price trad­ing mid swing
    • Some sup­ply giv­ing H4-C‑S 1772.410 with­in val­ue at PPOC
  • Trend
    • Trend is UP 3/3
  • Mar­ket Profile 
    • Wide val­ue cre­at­ed below the previous
  • LN Open
    • Open With­in Value
    • Asia formed a Neu­tral Day but most­ly trad­ed higher
    • 0.34xASR IBR

Addi­tion­al Notes

  • N.A. 


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

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

  • 1

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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juan l.

Hey bud­dy good afternoon ?

Ques­tions on Gold:

1. On the H4 TF. would you con­sid­er the last 10 can­dles con­sol­i­da­tion or inde­ci­sion ? or does the bull­ish engulf­ing, fol­lowed by the inside bar sep­a­rate those can­dles into two groups ?

2. all this action is going on just below the D1 Qhi. how does that weigh on that price action ?

3. when you said wide Qhi Qlo in the email , are you refer­ing to the prof­it mar­gin multiples ?

4. I per­son­al­ly feel this is alot of inde­ci­sion, how does that match up to your thoughts ?

5. The 1HR TF is cre­at­ing alot of over­lap­ing demands, might that indi­cate a pos­si­ble rever­sal back into 1D Qhi to test the sup­ply above ?

I hope all these ques­tions hurt your brain 🙂

juan l.

I just real­ized that I was look­ing at micro gold and the Q points are dif­fer­ent. Mup­pet meter is tick­ing upwards !!

juan l.

ok now im con­fused. my Gold con­tract on AMP futures is show­ing a dif­fer­ent D1 Qhi

juan l.

Globex Feb 2023(GCEG23) on AMP futures it was the one with the most liq­uid­i­ty. It looks like the Qpoint cal­cu­la­tion might be off for some reason ?

juan l.

In Dee’s live stream today i also not­cied she’s using the same con­tract im using and her D1 Qhi is lin­ing up with mine. So i won­der how this will affect your/mine trading ?

Would love your thoughts, please comment.x