20230411 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,

20230411 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 made a HH, cur­rent­ly trad­ing above body, with­in range, with­in MN Sup­ply, with­in MN QHi
  • W1
    • Price trad­ing with­in body, with­in W1 Sup­ply, with­in W1 QHi


  • D1
    • D1 Evening Star with fol­low-through came close to D1 VWAP in UT
    • D1 Sup­ply formed at Round No. giv­ing D1-C‑S 2001.079 BASE
  • H4
    • H4 DBD giv­ing H4-C‑S 1995.789
    • H4 demand cre­at­ed react­ing off H4 50MA in UT giv­ing H4-C‑D 1990.363
  • Trend
    • Trend is UP 3/3
  • Mar­ket Profile 
    • VA in DT
  • LN Open
    • Asia formed a Neu­tral Day but most­ly trad­ed high­er test­ing 2000 again
    • Open With­in Value
    • 0.39xASR IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Failed Auc­tion, pos­si­ble 3‑I day
  • Hypo 2
    • Long
    • Strength From With­in IBR
  • Hypo 3
    • Long
    • Failed Auc­tion
  • Hypo 4
    • Short
    • Rever­sal, pos­si­ble Auc­tion Fade

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

  • 1

Mind­ful Trad­ing (lack of sleep?)

  • Still feel­ing a bit under the weather
  • Not going to take riski­er trades
  • I will focus on the 2nd DTTZ
  • Most­ly observe and take notes

Focus Points for trad­ing development

  • Month­ly Goals 
    • Use SL scaling


Day trader. Tech geek. Sim Racing Enthusiast.

0 0 votes
Article Rating
Notify of

Inline Feedbacks
View all comments
Would love your thoughts, please comment.x