20230525 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,
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20230525 Premarket Prep Gold

#Fin­twit #XAUUSD #GOLD #Mar­ket­Pro­file #Order­flow

The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Larg­er Timeframe

MN price trading:

Below Body — With­in Range 

W1 price trading:

Below Body — With­in Range — W1 Evening Star — Price trad­ing with­in W1 Demand HiDC

Nar­ra­tive

  • D1
    • D1 DBD giv­ing D1-C‑S 1971.240 BASE clos­ing with­in D1-C‑D 1965.526 at D1 LKC in UT
    • Price trad­ing with­in D1 QLo
  • H4
    • Pos­si­ble H4 Phase 1 / 3
    • Price trad­ing with­in Wide H4/D1 QLo
  • Trend
    • Mixed Trend
  • Mar­ket Profile 
    • Val­ue cre­at­ed above the pre­vi­ous with­in over­all range
  • LN Open
    • 0.94 x ASR- Below Val­ue — Out­side Range
    • Large Imbal­ance
    • Asia trad­ed lower
    • Prev. Day Exceed­ed ADR by 1.32
    • 0.28xASR Tight IBR

Addi­tion­al Notes

  • N.A. 

Hypos

  • Hypo 1
    • Long
    • Sus­tained Auction
  • Hypo 2
    • Short
    • Auc­tion Fade

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

  • 2

Mind­ful Trad­ing (1–5 Bad to Good)

  • 2

Focus Points for trad­ing development

  • Month­ly Goals 
    • Use SL scaling

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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