20230613 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,

20230613 Premarket Prep Gold

#Fin­twit #XAUUSD #GOLD #VWAP #Kelt­ner #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:

Below Body — With­in Range 

W1 price trading:

Above Body — With­in Range — Trad­ing at W1 VWAP in UT


  • D1
    • Pos­si­ble D1 Phase 1 / 3
    • Price prob­ing above D1 VWAP in UT although hasn’t closed above (yet)
  • H4
    • Trad­ing in range
  • Trend
    • Mixed Trend
  • Mar­ket Profile 
    • 2 over­lap­ping val­ues with­in over­all range
  • LN Open
    • 0.00 x ASR- With­in Value
    • Asia trad­ed higher
    • 0.24xASR Tight IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Long
    • Failed Auc­tion — Pos­si­ble 3‑I day
  • Hypo 2
    • Short
    • Auc­tion Fade After FA in line with 3‑I Day
  • Hypo 3
    • Short
    • Late-Sus­tained Auction

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.

No Comments

Post A Comment