20221213 Premarket Prep Gold - Bear Market Trader
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20221213 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, back with­in range after hav­ing made a HH
  • W1
    • Price trad­ing below body, with­in range, below W1 QHi, at W1 50MA in R

Nar­ra­tive

  • D1
    • Price trad­ed low­er form­ing a D1 Three Inside Down (base formed over the weekend)
    • Price trad­ing at D1 200MA, above D1 VWAP in UT
  • H4
    • Price con­tin­ued low­er giv­ing H4-C‑S 1791.294 (with­in val­ue, at PPOC)
    • Pre­mar­ket formed some demand above H4 QLo (no touch) giv­ing H4-C‑D 1781.935
  • Trend
    • Trend is UP 3/3
  • Mar­ket Profile 
    • 2 over­lap­ping values
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.02
    • 0.10xASR below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia trad­ed higher
    • 0.28xASR IBR

Addi­tion­al Notes

  • Thurs­day, Dec 15, Inter­est Rate Decisions

Hypos

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

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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juan l.

Good evening !! did you put your paja­mas on yet and drink your hot milk ? 

1. Larger/ Med TF were are in the mid­dle of Qpoints, Would you rely on Mar­ket pro­file and TPO’s alone to trade today ? or is there some­thing else you would incorporate.

2. How does CPI today affect how you trad­ing ? I feel that usu­al­ly the trad­ing range nar­rows for equi­ties, how does it affect Gold ?

3. apart from the trad­ing plan and jour­nal. Do you have a check­list you look at imme­di­ate­ly before enter­ing a trade ? or is it more discretionary ?

I feel­ing like hav­ing sautéed brains today please

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