20221212 Premarket Prep Gold - Bear Market Trader
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20221212 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, at MN VWAP
  • W1
    • Weak W1 Ham­mer at W1 50MA in R after W1 Sup­ply got tak­en out
    • Price trad­ing below W1 QHi
    • Price trad­ing below body, with­in range

Nar­ra­tive

  • D1
    • Pos­si­ble D1 Phase 1 / 3
    • Price trad­ing at D1 200MA
  • H4
    • H4 QHi reject­ed (coin­cid­ing with D1 Sup­ply), price trad­ing mid swing
    • H4 Bull­ish Inside Bar at H4 VWAP, 50MA in UT. OLD H4 demand
  • Trend
    • Trend is UP 3/3
  • Mar­ket Profile 
    • Wide val­ue cre­at­ed in UT
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.01
    • Open With­in Val­ue (Wide Value)
    • Asia trad­ed lower
    • 0.20xASR Tight IBR

Addi­tion­al Notes

  • N.A. 

Hypos

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

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

  • 1

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing a bit tired

Focus Points for trad­ing development

  • Month­ly Goals 
    • Use SL scaling

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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