20240502 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,
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20240502 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

D1 Bull­ish Inside Bar at D1 UKC UT

H4

QLo reject­ed, price mid swing

Price closed high­er and is slow­ing down at H4 50MA DT

Trend

Trend is UP 2/3

Mar­ket Profile

Val­ues in DT

LN Open

Above Val­ue — Out­side Range

Large Imbal­ance

Prev. Day Exceed­ed ADR — Yes

Asia trad­ed — lower

IBR — Normal

Addi­tion­al Notes

Thurs­day, May 02, 02:00, USD Fed Inter­est Rate Decision

Fri­day, May 03, 20:30, USD Non Farm Pay­rolls (Apr)

Hypo 1

Short

Sus­tained Auction

Hypo 2

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 3

Long

Auc­tion Fade

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

2

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.

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