10 Apr 20240410 Premarket Prep WTI Crude
⇧ Detailed Trading Plan for London Session with HYPOS outlined within link ⇧
#Fintwit #WTI #Crude #CrudeOil #WTICrude #VWAP #Keltner #MarketProfile #Orderflow #TradingPlan
This is my premarket prep for today’s European session for WTI Crude. 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
Price trading within QHi
D1 Bear Engulf within Wide QHi at W1 Supply
H4
No Q Swing
Price trading at H4 50MA UT
Trend
Trend is UP 2/3
Market Profile
Value Overlapping the Previous
LN Open
Below Value — Outside Range
Moderate to Large Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — sideways
IBR — Normal
Additional Notes
Apr 11, ECB Interest Rate Decision
Hypo 1
Short
Late-Sustained Auction
Hypo 2
Long
Reversal — Possible Failed Auction
Hypo 3
Long
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:
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