⇧ 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 QHi
Wide D1 QHi
D1 consolidation within D1 Supply continued, developing day is the 4th in the range on a Friday
Prev. Day Exceeded ADR — Yes
H4
QHi rejected, price mid swing
Big momentum move with no follow-through
Trend
Trend is UP 2/3
Market Profile
Value created above the previous
Wide value
LN Open
Below Value — Outside Range
Moderate to Large Imbalance
Asia traded — higher
IBR — Normal
Additional Notes
Non-Farm Payroll today
Hypo 1
Short
Reversal — Possible Failed Auction
Hypo 2
Long
Late-Sustained Auction
Hypo 3
Short
Late-Sustained Auction
Hypo 4
Long
Auction Fade
Clarity / Confidence (1 — 5, low to high)
1
Is there a familiar pattern?
No
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: