20220907 Premarket Prep Gold

#Fin­twit #XAUUSD #GOLD #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:

Gold 2022 Week 36 Trad­ing Plan

See more

The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Larg­er Timeframe

• MN
  • Price trad­ing below body and range hav­ing made a LL
  • MN QHi reject­ed, price trad­ing mid swing
• W1
  • Price trad­ing below body but with­in range
  • Price trad­ing with­in Wide W1 QLo

Nar­ra­tive

• D1
  • D1 Bear Engulf giv­ing D1-C‑S 1710.139 Low in Dist. Curve at VAL
  • Price trad­ing with­in D1 QLo above D1 demand (test­ed mul­ti­ple times)
• H4
  • H4 50MA in DT TC through H4 Evening Star and con­tin­u­a­tion low­er clos­ing with­in H4 QLo
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • 2 over­lap­ping values
• LN Open
  • Prev. Day Exceed­ed ADR by 1.35
  • 0.98xASR Below Val­ue, Out­side Range
  • Large Imbal­ance
  • Asia trad­ed lower
  • 0.48xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Mean Rever­sion, Sus­tained Auc­tion, some con­ges­tion in the way
• Hypo 2
  • Short
  • Return to Val­ue, Rever­sal, pos­si­ble Failed Auction

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

• 3

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram