20 Dec 20231220 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:
The purpose of a premarket prep is to find setups within my weekly trade plan bias
Narrative
D1
D1 closed higher within D1 Supply LiDC
H4
Price closed higher and is consolidating within Supply
Trend
Trend is DOWN 3/3
Market Profile
Value created above the previous
LN Open
Above Value — Outside Range
Large Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — higher
IBR — Tight
Additional Notes
N.A.
Hypo 1
Short
Sustained Auction
Hypo 2
Short
Reversal — Possible Failed Auction
Hypo 3
Long
Reversal — Possible Failed Auction
Hypo 4
Long
Late-Sustained Auction
Clarity / Confidence (1 — 5, low to high)
2
Mindful Trading (1–5 Bad to Good)
3
Don’t know what all the abbreviations are? Check out my lexicon:
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