20230515 Premarket Prep GBPNZD - Bear Market Trader
This is my premarket prep for the London session.
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20230515 Premarket Prep GBPNZD

#Fin­twit #GBPNZD #Forex #Mar­ket­Pro­file #Order­flow

This is my pre­mar­ket prep for today’s Euro­pean ses­sion for GBPNZD. 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:

With­in Body — With­in Sup­ply — Mid Swing — Wide Q

W1 price trading:

With­in Body — With­in QHi — Wide Q — W1 Ham­mer failed to close below W1 QHi


  • D1
    • Price closed with­in D1 Sup­ply Base through D1 Three Out­side Down giv­ing D1-C-D1.98627 Momentum
  • H4
    • H4 Sup­ply cre­at­ed at D1 Sup­ply Base
    • H4 QHi reject, price trad­ing mid swing
  • Trend
    • Trend is DOWN 2/3
  • Mar­ket Profile 
    • Wider val­ue cre­at­ed above the previous
  • LN Open
  • 0.14 x ASR- Below Val­ue — With­in Range
  • Mod­er­ate Imbalance
  • Prev. Day Exceed­ed ADR by 2.08
  • 0.33xASR IBR
  • Asia trad­ed lower
  • A TPO closed with­in Value

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Sus­tained Auction
  • Hypo 2
    • Long
    • Val­ue Acceptance
  • Hypo 3
    • Short
    • Failed Auc­tion
  • Hypo 4
    • Long
    • Auc­tion Fade

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

  • 1

Mind­ful Trad­ing (1–5 Bad to Good)

  • 2

Focus Points for trad­ing development

  • Month­ly Goals 
    • Use SL scaling


Day trader. Tech geek. Sim Racing Enthusiast.

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