14 Sep 20220914 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 37 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Price made a LL and is cur­rent­ly trad­ing below body
• W1
  • W1 Inside Bar with­in demand, Wide W1 QLo
  • Price trad­ing below body, with­in range

Nar­ra­tive

• D1
  • D1 Bear Engulf giv­ing D1-C‑S 1719.567 (below VAL) coin­cid­ing with D1 VWAP in DT TC, price closed with­in new­ly formed demand still above D1-C‑D 1691.865
  • Price trad­ing at round num­ber 1700
• H4
  • Big move down reject­ing H4 QHi, price cur­rent­ly trad­ing at H4 QLo
• Trend
  • Trend is Down 3/3
• Mar­ket Profile
  • 3 over­lap­ping values
• LN Open
  • Prev. Day Exceed­ed ADR by 1.47
  • LN wider than NY
  • 1.42xASR Below Val­ue, Out­side Range
  • Huge Imbal­ance
  • Asia formed a Neu­tral Day
  • Open at H4 QLo
  • 035xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Late-Sus­tained Auction
• Hypo 2
  • Short
  • Failed Auc­tion, pos­si­ble continuation
• Hypo 3
  • Short
  • Auc­tion Fade, pos­si­ble reversal, 

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