20221102 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 44 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Price trad­ing with­in body, above MN QLO (no test)
• W1
  • W1 con­sol­i­da­tion below W1 Bear Engulf LiDC
  • Price trad­ing above MN/W1 QLo (no test)

Nar­ra­tive

• D1
  • D1 Bull Engulf with sell­ing wick clos­ing above D1 QLo giv­ing D1-C‑D 1644.212
  • Pos­si­ble D1 Phase 1 / 3
• H4
  • H4 QLo reject­ed, price trad­ing mid swing
  • H4 con­sol­i­da­tion with pos­si­ble break high­er above D1 QLo,
• Trend
  • Trend is Down 3/3
• Mar­ket Profile
  • Wide Val­ue cre­at­ed above the pre­vi­ous DT
• LN Open
  • Prev. Day Exceed­ed ADR by 1.09
  • Open With­in Value
  • Asia trad­ed higher
  • 0.22xASR Tight IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Failed Auc­tion, pos­si­ble 3‑I day continuation
• Hypo 2
  • Long
  • Late-Sus­tained Auction
• Hypo 3
  • Short
  • 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