20240503 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,
19818
post-template-default,single,single-post,postid-19818,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

20240503 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 break­down to con­sol­i­da­tion at D1 UKC UT

H4

QLo reject­ed, price mid swing

Trend

Trend is UP 2/3

Mar­ket Profile

Val­ue cre­at­ed above the previous

LN Open

With­in Value

Prev. Day Exceed­ed ADR — Yes

Asia trad­ed — sideways

IBR — Very Tight

Addi­tion­al Notes

Non-Farm Pay­roll today

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auc­tion pos­si­bil­i­ty for 3‑I Day

Hypo 2

Long

Rever­sal — Pos­si­ble Failed Auction 

Hypo 3

Short

Late-Sus­tained Auc­tion Val­ue Rejection

Hypo 4

Long

Auc­tion Fade as part of 3‑I Day

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.

0 0 votes
Article Rating
Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x