20230420 Premarket Prep Gold - Bear Market Trader
This is my premarket prep for the London session.
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20230420 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 — With­in Range — With­in Sup­ply — With­in QHi -

W1 price trading:

Below Body — With­in Range — With­in Sup­ply — With­in QHi — Wide Q


  • D1
    • Pos­si­ble start D1 con­sol­i­da­tion although leav­ing a long buy­ing wick at D1 VWAP in UT
    • Price trad­ing with­in Wide D1 QHi
  • H4
    • 2nd test of H4-C‑S 2007.484
    • Big H4 Bull Engulf after test of W1-C‑D 1973.367 HiDC reject­ing H4 QLo now trad­ing mid swing
    • H4 Bull Engulf formed in pre­mar­ket giv­ing H4-C‑D 1994.336
  • Trend
    • Trend is UP 2/3
  • Mar­ket Profile 
    • Wide val­ue cre­at­ed in DT, V‑shaped correction
  • LN Open
    • Above Val­ue — Out­side Range 0.79xASR
    • Mod­er­ate to Large Imbalance
    • Asia trad­ed higher
    • Prev. Day Exceed­ed ADR by 1.42
    • 0.25xASR IBR

Addi­tion­al Notes

  • N.A. 


  • Hypo 1
    • Long
    • Rever­sal
  • Hypo 2
    • Long
    • Failed Auc­tion
  • Hypo 3
    • Short
    • Late-Sus­tained 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


Day trader. Tech geek. Sim Racing Enthusiast.

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