20221209 Premarket Prep Gold - Bear Market Trader
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20221209 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, at MN VWAP
  • W1
    • Price made a HH, is now trad­ing with­in body, at MN 50MA in R, near Wide W1 QHi


  • D1
    • Price closed high­er but failed to close above D1 200MA, price test­ed D1-C‑S 1796.779
  • H4
    • H4 QLo reject­ed, price trad­ing mid swing
    • Price ral­lied giv­ing H4-C‑D 1789.470 HiDC
    • Pre­mar­ket formed an Inside Bar
  • Trend
    • Trend is UP 3/3
  • Mar­ket Profile 
    • Val­ue cre­at­ed above the previous
  • LN Open
    • 0.54xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia trad­ed higher
    • 0.18xASR Very Tight IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Late-Sus­tained Auction
  • Hypo 2
    • Long
    • Rever­sal, pos­si­ble Failed Auc­tion, pos­si­ble continuation
  • Hypo 3
    • Long
    • Return to Val­ue, pos­si­ble 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.

Good evening !! quick obser­va­tions. web­site is lag­gy. Is it because its word­press ? regard­less con­tent is great .

My thoughts :

Week­ly is BOOLISH, but that rejec­tion of the Qhi ( which is a W+D Qhi) leads me to believe a pull back for
this/next week, although cur­rent­ly seems like it will end up as an unde­cid­ed can­dle. Time will tell.

Dai­ly is BEARAH, start­ing in begin­ning of Novem­ber their was strong Bull­ish momen­tum. girthy green can­dles, the sub­se­quent moves up were less promi­nent, and the bear­ish moves were gain­ing strength. now we have the hang­ing man can­dle, test of the W/D Qhi which was strong­ly reject­ed. the last three days look like an attempt to move high­er and the move is fiz­zling out. Todays can­dle looks to be form­ing a shoot­ing star. 

H4 is BEARAH, price is grind­ing up all week. Looks like a tired race horse. could­n’t even test the H4 Qhi and is now form­ing an evening star pattern. 

Con­clu­sion : Maybe a lit­tle more upside ( touch­es the H4 Qhi ) but Fol­low­ing TDA. down side is more like­ly today and next week.
But as you have remind­ed me PRICE ACTION IS KING !

1. Your con­fi­dence has been low all week, Why is that ?
2. What are your thoughts on my analysis ?
3. Your rac­ing sim : you do For­mu­la one ?
4. When you men­tion dis­tri­b­u­tion curve, are you refer­ring to the mar­ket pro­file or the dif­fer­ent phases ?

My brain hurts, thanks Jeho­vah its Fri­day!!! then again week­ends is for studying (┬┬﹏┬┬)

juan l.

1. I’m def­i­nite­ly going to include track­ing my emo­tions. thank you for that reminder
2. I now have a T3chaddict tips sec­tion in my mar­ket­stalk­er note­book. con­fir­ma­tion bias res­onates with me (one of my prob­lems). no won­der your notes are so cal­cu­lat­ed and cold.…
3. I watch race high­lights and i real­ly like the tech­ni­cal aspects of the cars and the rules sur­round­ing them
4. buy low / sell high ( more to it though
So you fry my brain and now you are going to fry some eggs ? Enjoy your week­end and that Brain/egg salad !!

see you next time 😎👍

Would love your thoughts, please comment.x