18 Oct 20231018 Premarket Prep Gold

⇧ Detailed Trad­ing Plan for Lon­don Ses­sion with HYPOS out­lined with­in link ⇧

#Fin­twit #XAUUSD #GOLD #VWAP #Kelt­ner #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 2023 Week 42 Trad­ing Plan

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

Nar­ra­tive

D1

D1 Bull Engulf with equal-long wicks at inside Wide D1 QHi giv­ing D1-C‑D 1924.224 HiDC (with­in Value)

Cur­rent­ly test­ing D1 200MA in R coin­cid­ing with D1-C‑S 1939.876

H4

H4 VWAP in UT TC with­in Wide H4/D1 QHi

Trend

Trend is UP 3/3

Mar­ket Profile

Val­ues in UT

LN Open

0.66 x ASR- Above Val­ue — Out­side Range

Mod­er­ate to Large Imbalance

Asia trad­ed higher

Small H4 Invert­ed Ham­mer in premarket

0.31xASR IBR

Addi­tion­al Notes

N.A. 

Hypo 1

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 2

Long

Late-Sus­tained Auction

Hypo 3

Long

Rever­sal — Pos­si­ble Failed Auction

Hypo 4

Short

Auc­tion Fade

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

2

Mind­ful Trad­ing (1–5 Bad to Good)

2

Don’t know what all the abbre­vi­a­tions are? Check out my lexicon:

Lex­i­con

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