⇧ 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
Price trading within QLo
D1 Inside Bar within Wide D1 QLo
D1 50MA UT right below D1 Demand End
Prev. Day Exceeded ADR — No
H4
Price trading within QLo
Phase 1 / 3 within Wide H4/D1 QHi @ H4 200MA UT
Trend
Trend is DOWN 2/3
Market Profile
Value created above the previous
LN Open
Below Value — Outside Range
Moderate to Large Imbalance
Asia traded — lower
IBR — Normal
Additional Notes
N.A.
Hypo 1
Short
Reversal — Possible Failed Auction
Hypo 2
Long
Late-Sustained Auction
Hypo 3
Short
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: