08 Jan 20240108 Premarket Prep Gold
⇧ Detailed TradÂing Plan for LonÂdon SesÂsion with HYPOS outÂlined withÂin link ⇧
#FinÂtwit #XAUUSD #GOLD #VWAP #KeltÂner #MarÂketÂProÂfile #OrderÂflow
This is my preÂmarÂket prep for today’s EuroÂpean sesÂsion for GOLD. This prep builds off of my weekÂly trade plan I made here:
The purÂpose of a preÂmarÂket prep is to find setups withÂin my weekÂly trade plan bias
NarÂraÂtive
D1
SpeedÂbump after H4 QHi rejection
Price nearÂing D1 50MA UT coinÂcidÂing with W1 Demand HiDC just below
H4
Price closed lowÂer below preÂviÂous strucÂture low and H4 200MA UT although leavÂing a longer buyÂing wick
Trend
Trend is UP 2/3
MarÂket Profile
ValÂue creÂatÂed below the previous
LN Open
Below ValÂue — OutÂside Range
ModÂerÂate to Large Imbalance
Prev. Day ExceedÂed ADR — Yes
Asia tradÂed — lower
IBR — Tight
AddiÂtionÂal Notes
N.A.
Hypo 1
Long
ReverÂsal — PosÂsiÂble Failed Auction
Hypo 2
Short
Late-SusÂtained Auction
Hypo 3
Short
ReverÂsal — PosÂsiÂble Failed Auction
Hypo 4
Long
AucÂtion Fade
ClarÂiÂty / ConÂfiÂdence (1 — 5, low to high)
2
MindÂful TradÂing (1–5 Bad to Good)
2
Don’t know what all the abbreÂviÂaÂtions are? Check out my lexicon:
Check me out on othÂer platÂforms as well: