22 Apr 20240422 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
No Q Swing
Price testing D1-C‑D 2366.55 HiDC
H4
QHi rejected, price mid swing
Premarket took out supply and formed new swing
Trend
Trend is UP 2/3
Market Profile
Value Overlapping the Previous
Wide value, within overall range
LN Open
Below Value — Outside Range
Large Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — lower
IBR — Normal
Additional Notes
Israel / Iran
Hypo 1
Long
Sustained Auction
Hypo 2
Short
Reversal — Possible Failed Auction
Hypo 3
Short
Auction Fade
Hypo 4
Short
Late-Sustained Auction
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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