20221103 Premarket Prep Gold - Bear Market Trader
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03 Nov 20221103 Premarket Prep Gold

Posted at 09:15h in Gold, Gold Premarket Prep, Trading Plan by
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#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

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
    • Price trad­ing below body, out­side range
    • Price trad­ing above MN/W1 QLo (no test)

Nar­ra­tive

  • D1
    • D1 Bear­ish Inside Bar with long sell­ing wick clos­ing back with­in D1 QLo
  • H4
    • Price test­ed H4 QHi but closed with­in H4 QLo, with­in H4 demand
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • 2 over­lap­ping values
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.43
    • 1.32xASR Below Val­ue, Out­side Range
    • Huge Imbal­ance
    • Asia trad­ed higher
    • 0.44xASR IBR

Addi­tion­al Notes

  • NFP tomor­row

Hypos

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

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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