20240327 Premarket Prep Gold - Bear Market Trader
This is my detailed trading plan for the London session. Including levels and hypos.
day trade, day trading, forex, FX, trade plan, trading plan, XAU USD, XAUUSD, GOLD, FX, premarket prep, pre-market prep, tradingforex, traderlifestyle, daytraderlife,
19616
post-template-default,single,single-post,postid-19616,single-format-standard,bridge,ajax_fade,page_not_loaded,,qode-title-hidden,side_area_uncovered_from_content,qode-theme-ver-9.5,hide_inital_sticky

20240327 Premarket Prep Gold

⇧ Detailed Trad­ing Plan for Lon­don Ses­sion with HYPOS out­lined with­in link ⇧

#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

Nar­ra­tive

D1

No Q Swing

Price test­ed D1 Sup­ply and pre­vi­ous struc­ture high but closed below although as a Hammer

Sup­ply test­ed twice

H4

QHi reject­ed, price mid swing through Bear­ish Inside Bar with no follow-through

Trend

Trend is UP 3/3

Mar­ket Profile

Val­ue cre­at­ed above the previous

Wide val­ue with­in over­all range

LN Open

Below Val­ue — With­in Range

Mod­er­ate Imbalance

Prev. Day Exceed­ed ADR — Yes

Asia trad­ed — sideways

IBR — Tight

Addi­tion­al Notes

N.A.

Hypo 1

Long

Val­ue Accep­tance although wide val­ue so late-sus­tained auc­tion more applicable

Hypo 2

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 3

Short

Auc­tion Fade due to the wide val­ue area nor­mal con­di­tions could apply

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

3

Don’t know what all the abbre­vi­a­tions are? Check out my lexicon:

Check me out on oth­er plat­forms as well:

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

No Comments

Post A Comment