⇧ 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 at QLo W1 demand within Wide D1 QLo
D1 Speed Bump consolidation and developing break lower taking out D1 demand although trading within other demand at D1-C‑D 3303.14
Prev. Day Exceeded ADR — No well exactly 1x
H4
Price trading within QLo
Wide H4 QLo
H4 break lower giving H4-C‑S 3321.35 Momentum
Trend
Trend is DOWN 2/3
Market Profile
Value created above the previous
LN Open
Open Below Value — Outside Range
Huge Imbalance
Asia traded — lower
IBR — Normal
ADR exhaustion right below
Additional Notes
N.A.
Hypo 1
Short
Reversal — Possible Failed Auction
Hypo 2
Long
Late-Sustained Auction — preferred
Hypo 3
Short
Sustained Auction
Hypo 4
Long
Reversal — Possible Failed Auction
Clarity / Confidence (1 — 5, low to high)
5
Is there a familiar pattern?
I have seen this M15 PA before but I have no good memory on how this will develop. So I will let the market guide as always and take notes for future reference.
Mindful Trading (1–5 Bad to Good)
3 — Anxiety attack but did breathwork and feeling better now. Focusing on my work and trading rules because I am refusing to let my head fuck with my EDGE.
Don’t know what all the abbreviations are? Check out my lexicon:
Check me out on other platforms as well: