22 Dec 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:

Gold 2022 Week 51 Trad­ing Plan

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

• Twit­ter
• Insta­gram