25 Oct 20221025 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 43 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Price trad­ing below Body, with­in range, trad­ing above MN QLo
• W1
  • W1 Bear Engulf fol­lowed by an Inside Bar with longer buy­ing wick almost tak­ing out W1 Demand End 1614.772
  • Price trad­ing above MN/W1 QLo

Nar­ra­tive

• D1
  • Big D1 Bull Engulf fol­lowed by a price clos­ing slight­ly low­er as an Inside Bar with slight­ly longer sell­ing wick react­ing off D1 VWAP/LKC in DT
  • Price trad­ing above D1 QLo
• H4
  • H4 DBD giv­ing H‑C-S 1655.714 reject­ing H4 QHi
  • H4 Bull Engulf at H4 50MA in DT pos­si­ble H4 VWAP BO to CAS, trad­ing above D1 QLo
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • Val­ue cre­at­ed above the pre­vi­ous DT
• LN Open
  • Open With­in Value
  • Asia formed a Neu­tral Day but trad­ed lower
  • 0.38xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Failed Auc­tion
• Hypo 2
  • Short
  • Late-Sus­tained Auction
• Hypo 3
  • Short
  • Failed Auc­tion
• Hypo 4
  • Long
  • Auc­tion Fade

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

• 2

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram