20230607 Premarket Prep GBPNZD - 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,
17863
post-template-default,single,single-post,postid-17863,single-format-standard,bridge,ajax_fade,page_not_loaded,,qode-title-hidden,side_area_uncovered_from_content,qode-theme-ver-9.5,hide_inital_sticky

20230607 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 — Ducked just below Wide MN QHi

W1 price trading:

With­in Body — With­in QHi — Wide Q 

Nar­ra­tive

  • D1
    • D1 Three Inside Down giv­ing D1-C‑S 2.04768 with­in WIde D1/W1 QHi
  • H4
    • Pos­si­ble H4 Phase 1 / 3
    • Price trad­ing at H4 LKC in UT
  • Trend
    • Trend is UP 2/3
  • Mar­ket Profile 
    • Wide val­ue cre­at­ed below the previous
    • Val­ues in DT
  • LN Open
    • 0.15 x ASR- Above Val­ue — With­in Range
    • Mod­er­ate Imbalance
    • Asia formed a Neu­tral Day but most­ly trad­ed higher
    • 0.33xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Long
    • Sus­tained Auc­tion (risky trad­ing into new D1 Sup­ply), Pre­ferred Reversal/FA or LSA
  • Hypo 2
    • Short
    • Val­ue Accep­tance (risky con­ges­tion with­in value)
  • Hypo 3
    • Short
    • Rever­sal, pos­si­ble Failed Auction
  • Hypo 4
    • Short
    • Auc­tion Fade

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

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

No Comments

Post A Comment