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

#Fin­twit #XAUUSD #GOLD #VWAP #Kelt­ner #Mar­ket­Pro­file #Order­flow

⇧ More info with­in link ⇧

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

Nar­ra­tive

  • D1
    • Pos­si­ble Phase 1 / 3
    • Price clos­ing below D1 VWAP in DT
    • Price failed to close with­in D1 demand
    • Wide D1/W1 QHi reject­ed, price trad­ing mid swing
  • H4
    • H4 Three Out­side Up to pos­si­ble RBR
    • Trad­ing with­in H4 QLo
  • Trend
    • Trend is DOWN 2/3
  • Mar­ket Profile 
    • 3 over­lap­ping val­ues with­in over­all range
  • LN Open
    • 1.26 x ASR- Below Val­ue — Out­side Range
    • Large to Huge Imbalance
    • Prev. Day Exceed­ed ADR by 1.55
    • Asia trad­ed higher
    • 0.50xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Short
    • Failed Auc­tion
  • Hypo 2
    • Long
    • Late-Sus­tained Auction 
  • Hypo 3
    • Short
    • Auc­tion Fade
  • Hypo 4
    • Short
    • Late-Sus­tained Auc­tion (sus­pect)

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

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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