⇧ 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
Wide D1 QHi
Price trading at D1 demand coinciding with D1 50MA UT
Prev. Day Exceeded ADR — Yes
H4
Price trading within QLo
Wide D1/H4 QLo
H4 Bullish Inside Bar at D1-C‑D 3316.92 with follow-through higher but failed to close above H4/D1 QHi
Trend
Trend is UP 2/3
Market Profile
Value created below the previous
Below overall range
LN Open
Open Above Value — Within Range
Moderate Imbalance
Asia traded — sideways
IBR — Normal
Additional Notes
N.A.
Hypo 1
Long
Reversal — Possible Failed Auction
Hypo 2
Short
Value Acceptance LTF congestion and D1 Demand below VAL so can be tricky or see a reversal there
Hypo 3
Long
Sustained Auction
Hypo 4
Short
Auction Fade — although it is possible to see a Reversal at IBH
Clarity / Confidence (1 — 5, low to high)
4
Is there a familiar pattern?
No
Mindful Trading (1–5 Bad to Good)
3 — I think I slept a bit too little
Don’t know what all the abbreviations are? Check out my lexicon:
Check me out on other platforms as well: