20230516 Premarket Prep GBPNZD - Bear Market Trader
This is my premarket prep for the London session.
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20230516 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:

Below Body — With­in Range — With­in QHi — Wide Q — W1 Bear Engulf to W1 Hammer


  • D1
    • Pos­si­ble D1 VWAP in UT BD to CAR
    • D1 QHi reject­ed, price trad­ing mid swing
  • H4
    • 2 rejec­tions of H4 QHi
    • Price closed low­er through H4 Bear Engulf giv­ing H4-C‑S 2.01137 tak­ing out H4 Demand HiDC through Bull Engulf and clos­ing below
  • Trend
    • Trend is DOWN 2/3
  • Mar­ket Profile 
    • 2 over­lap­ping val­ues both wider than usual
  • LN Open
  • 0.44 x ASR- Below Val­ue — Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia trad­ed lower
  • Frank­furt trad­ed lower
  • 0.29xASR Tight IBR

Addi­tion­al Notes

  • N.A. 


  • Hypo 1
    • Short
    • Rever­sal — Pos­si­ble Failed Auc­tion — pos­si­ble continuation
  • Hypo 2
    • Long
    • Late-Sus­tained Auc­tion — pos­si­ble VAA — Very risky with sup­plies at VAL and with­in. No clear target.

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

  • 1

Mind­ful Trad­ing (1–5 Bad to Good)

  • 3

Focus Points for trad­ing development

  • Month­ly Goals 
    • Use SL scaling


Day trader. Tech geek. Sim Racing Enthusiast.

  • T3chAddict
    Posted at 10:00h, 16 May

    AB: Formed a Morn­ing Star
    C: Extend­ed above but closed with­in as an Invert­ed Ham­mer / M15 Bear Engulf, due to the Invert­ed Ham­mer I paused to go for a FA as price could con­tin­ue high­er first to try and reach for val­ue edge. Which would be the saver play.
    D: Ducked above IB again as expect­ed and made a HH. Closed as RBR above IB.

  • T3chAddict
    Posted at 10:33h, 16 May

    E closed mak­ing a HH test­ing VAL with­in M30 sup­ply formed in premarket

  • T3chAddict
    Posted at 11:02h, 16 May

    F: M5 con­sol­i­da­tion and BD / M15 Inside Bar as per Hypo 1. Closed as M30 Bear­ish Inside Bar. Not much of a prof­it tar­get to IB high and con­ges­tion on the way.

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