20230424 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,

20230424 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 QHi — Wide Q -


  • D1
    • D1 Con­sol­i­da­tion and break down
    • Price trad­ing above D1 UKC in UT
    • Price trad­ing with­in Wide D1 QHi
  • H4
    • Price trad­ing at H4 QLo, ini­tial reac­tion with no fol­low-through. Instead a close back with­in QLo
  • Trend
    • Trend is UP 3/3
  • Mar­ket Profile 
    • Val­ue cre­at­ed below the pre­vi­ous, pos­si­bly estab­lish­ing a new range
  • LN Open
    • 0.30xASR Below Val­ue — Out­side Range
    • Mod­er­ate to Large Imbalance
    • Prev. Day Exceed­ed ADR by 1.35
    • Asia trad­ed lower
    • 0.27xASR IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Failed Auc­tion — pos­si­ble Reversal
  • Hypo 2
    • Long
    • Val­ue Accep­tance risky with W1 sup­ply at just below VAL
  • Hypo 3
    • Short
    • Late-Sus­tained Auction
  • Hypo 4
    • Long
    • Auc­tion Fade

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

  • 2

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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