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

W1 price trading:

Above Body — With­in Range — W1 Invert­ed Ham­mer pos­si­ble Base


  • D1
    • Price trad­ing above D1 VWAP in UT coin­cid­ing with D1-C‑D 2004.826 with­in value
    • D1 QHi reject­ed, price trad­ing mid swing
  • H4
    • H4 QLo reject­ed, price trad­ing mid swing
  • Trend
    • Trend is UP 2/3
  • Mar­ket Profile 
    • Val­ue cre­at­ed below the previous
  • LN Open
    • 0.39 x ASR- Above Val­ue — Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia trad­ed higher
    • 0.19xASR Very Tight IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Late-Sus­tained Auction
  • Hypo 2
    • Long
    • Rever­sal — Pos­si­ble Failed Auc­tion — (For­ward-test: FA to SA)
  • 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.

  • T3chAddict
    Posted at 12:20h, 15 May

    A: Closed higher
    B: Closed as an Inside Bar
    C: Closed as pos­si­ble consolidation
    D: M30 DBD / M15 Con­sol­i­da­tion and break down through M15 Bear Engulf, wait­ing for re-test of new­ly formed C‑sup for entry short.
    E: No re-test of new­ly formes M15 C‑sup, pos­si­ble FA to SA in effect. E closed below IB to the oppos­ing side.
    F: closed as an Inside Bar below IB
    G: closed as pos­si­ble con­sol­i­da­tion for a fur­ther move down, too risky to enter here. Will observe.
    H: My hypoth­e­sis was cor­rect as price is indeed mov­ing lower.
    I: Made a LL hit­ting 1.9R from a test of IB edge entry

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