20230414 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,

20230414 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 and range, with­in MN sup­ply + QHi
  • W1
    • Price trad­ing above body and range, with­in W1 Sup­ply + QHi


  • D1
    • Price took out D1 Sup­ply and closed slight­ly with­in the next at D1-C‑S 2038.415
    • Price trad­ing with­in Wide D1 QHi
  • H4
    • H4 Phase 2 clos­ing with­in supply
    • H4 Bear­ish Inside Bar formed although fail­ing to close below Supply
  • Trend
    • Trend is UP 3/3
  • Mar­ket Profile 
    • Val­ues in UT
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.38
    • Open 0.81xASR Above Val­ue, Out­side Range, Mod­er­ate to Large Imbalance
    • Asia trad­ed higher
    • 0.31xASR IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Late-Sus­tained Auction
  • Hypo 2
    • Long
    • Auc­tion Fade

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

  • 1

Mind­ful Trad­ing (lack of sleep?)

  • Still not a 100%

Focus Points for trad­ing development

  • Month­ly Goals 
    • Use SL scaling


Day trader. Tech geek. Sim Racing Enthusiast.

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