20221208 Premarket Prep Gold - Bear Market Trader
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20221208 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, with­in range, at MN VWAP
  • W1
    • Price trad­ing with­in body, retraced to 50% mark,
    • Price trad­ing below W1 QH, W1 50MA in R


  • D1
    • D1 Three Out­side Up at D1 VWAP in UT giv­ing D1-C‑D 1770.923 Momen­tum below VAL
    • Price trad­ing below D1 200MA
  • H4
    • H4 Three Out­side Down giv­ing H4-C‑S 1787 Momen­tum fol­lowed by some consolidation
  • Trend
    • Trend is UP 3/3
  • Mar­ket Profile 
    • 2 over­lap­ping values
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.01
    • 0.87xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia trad­ed lower
    • 0.30xASR IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Late-Sus­tained Auction
  • Hypo 2
    • Long
    • Rever­sal, Pos­si­ble con­tin­u­a­tion, Pos­si­ble Failed Auction
  • Hypo 3
    • Short
    • Failed Auc­tion
  • Hypo 4
    • Long
    • Auc­tion Fade

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.

Morn­ing!! ( my time­zone) / Evening !! (your time­zone) . I will be ana­lyz­ing Spot Gold on a dif­fer­ent MT5 demo account so i can fol­low along with you. Thank you for the Lex­i­con as it is help­ing very much in fol­low­ing your analysis. 

My thoughts : BOOLISH

since there was a nice base formed in the H4 Qlo and a bull­ish engulf­ing i was think­ing we would vis­it the H4Q hi. There
are no road bumps to get in the way. as of this morn­ing. there seems to be a Rally­BaseR­al­ly forming.
I also noticed most of your mov­ing aver­ages are point­ing upwards

BEARAH CASE : The Ral­ly base turns into a Phase 3 dis­tri­b­u­tion and we revis­it the H4 Qlo / Demand

1. What do you agree / dis­agree with about my analysis ?
1. How much weight do you put in the angle of your mov­ing averages ?
2. Do you think a ver­bose expres­sion of your analy­sis would help me cre­ate the nar­ra­tive for the day ? Is it some­thing you do ? or do you keep it most­ly technical ?
3. There was a W‑C-S( 1775) that was touched last month and reject­ed. Now yes­ter­day was test­ed and trad­ed through. How does that affect your analysis ?

I hurt you brain, please hurt mine 🙂

juan l.

my brain hurts,

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