20230614 Premarket Prep GBPNZD - Bear Market Trader
This is my premarket prep for the London session.
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20230614 Premarket Prep GBPNZD

#Fin­twit #GBPNZD #VWAP #Kelt­ner #Forex #Mar­ket­Pro­file #Order­flow

⇧ More info with­in link ⇧

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:

Price trad­ing with­in body duck­ing just below MN QHi. 

W1 price trading:

Below Body — With­in Range — With­in QHi — Wide Q 


  • D1
    • Pos­si­ble D1 Phase 1 / 3
    • D1 Bull­ish Inside Bar at D1 VWAP/UKC in UT after buy­ing wick took out D1 Demand HiDC
    • Sell­ing wick hav­ing test­ed D1-C‑S 2.05108 BASE
    • Price trad­ing with­in Wide D1/W1 QHi
  • H4
    • H4 Bear­ish Inside Bar at H4 VWAP in R (trad­ing with­in low­er half) with no con­fi­dent continuation
  • Trend
    • Trend is UP 2/3
  • Mar­ket Profile 
    • 2 over­lap­ping val­ues with­in over­all range
  • LN Open
    • 0.46 x ASR- Above Val­ue — Out­side Range
    • Mod­er­ate to Large Imbalance
    • Prev. Day trad­ed 0.98xADR, pos­si­ble momentum
    • Asia trad­ed high­er but formed a Neu­tral Day
    • 0.55xASR IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Long
    • Rever­sal — Pos­si­ble Failed Auction
  • Hypo 2
    • Short
    • Val­ue Acceptance
  • Hypo 3
    • Short
    • Failed Auc­tion
  • Hypo 4
    • Long
    • Late-Sus­tained Auction

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

  • 2

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.

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