21 Jul 20230721 Premarket Prep Gold
⇧ Detailed plan with HYPOS outÂlined withÂin link ⇧
#FinÂtwit #XAUUSD #GOLD #VWAP #KeltÂner #MarÂketÂProÂfile #OrderÂflow
This is my preÂmarÂket prep for today’s EuroÂpean sesÂsion for GOLD. This prep builds off of my weekÂly trade plan I made here:
The purÂpose of a preÂmarÂket prep is to find setups withÂin my weekÂly trade plan bias
LargÂer Timeframe
MN price trading:
Price retraced to newÂly formed MN SupÂply MomenÂtum level
W1 price trading:
Price took out W1-C‑S 1957.540
W1 QHi rejectÂed, price tradÂing mid swing
Price tradÂing above body, outÂside range
NarÂraÂtive
D1
D1 Three Inside Down givÂing D1-C‑S 1977.299 MomenÂtum above D1 UKC in DT
D1 QLo rejectÂed, price tradÂing mid swing
H4
H4 DBD rejectÂing H4 QLo, price conÂsolÂiÂdatÂing at H4 UKC in UT (in line with VWAP)
Trend
Trend is UP 3/3
MarÂket Profile
ValÂues in UT
LN Open
0.76 x ASR- Below ValÂue — OutÂside Range
ModÂerÂate to Large Imbalance
Prev. Day ExceedÂed ADR by 1.40
Asia tradÂed lower
0.58xASR IBR
AddiÂtionÂal Notes
PosÂsiÂble FriÂday Profit-Taking
Hypo 1
Long
ReverÂsal — PosÂsiÂble Failed Auction
Hypo 2
Short
Failed AucÂtion
Hypo 3
Long
AucÂtion Fade
ClarÂiÂty / ConÂfiÂdence (1 — 5, low to high)
2
MindÂful TradÂing (1–5 Bad to Good)
3
Don’t know what all the abbreÂviÂaÂtions are? Check out my lexicon:
Check me out on othÂer platÂforms as well: