20230615 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,

20230615 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:

Below Body — Below Range 


  • D1
    • D1 closed as a Doji with longer sell­ing wick just above D1 demand
    • Price trad­ed low­er and took out said demand
  • H4
    • H4-C‑S 1949.868 with­in val­ue at PPOC
    • Price closed below pre­vi­ous struc­ture low and took out D1 demand
  • Trend
    • Trend is DOWN 2/3
  • Mar­ket Profile 
    • Val­ue cre­at­ed below the pre­vi­ous although still with­in over­all range
  • LN Open
    • 1.12 x ASR- Below Val­ue — Out­side Range
    • Prev. Day Exceed­ed ADR by 1.09
    • Large Imbal­ance
    • Asia trad­ed lower
    • ADR exhaus­tion not too far below although at MN demand HiDC
    • 0.42xASR IBR

Addi­tion­al Notes

  • ECB Inter­est Rate Deci­sion today


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