20221222 Premarket Prep Gold - Bear Market Trader
This is my premarket prep for the London session.
day trade, day trading, forex, FX, trade plan, trading plan, XAU USD, XAUUSD, GOLD, premarket prep, pre-market prep, tradingforex, traderlifestyle, daytraderlife,
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20221222 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 trad­ing above body, with­in range, with­in Wide W1 QHi

Nar­ra­tive

  • D1
    • Price closed with­in Wide W1/D1 QHi, then formed an Inside Bar below D1-C‑S 1819.901
  • H4
    • H4 Phase 1 / 3 with­in H4 QHi
  • Trend
    • Trend is UP 3/3
  • Mar­ket Profile 
    • Val­ue cre­at­ed above the previous 
  • LN Open
    • 0.07xASR Above Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia formed a Neu­tral Day
    • 0.26xASR Tight IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Long
    • Return to Val­ue, Rever­sal, pos­si­ble Failed Auction
  • Hypo 2
    • Short
    • Val­ue Acceptance
  • Hypo 3
    • Long
    • Late-Sus­tained Auc­tion, prefer­ably to close above Asia high
  • Hypo 4
    • Short
    • Rever­sal, Pos­si­ble Failed Auction, 

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

  • 2

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay. Have some oth­er tasks to do. Might not trade.

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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