10 May 20240510 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
QLo rejected, price mid swing
Price trading within W1 Supply, nearing D1 QHi
H4
QLo rejected, price mid swing
Price nearing D1H4 QLo
Trend
Trend is UP 3/3
Market Profile
Value Overlapping the Previous
4‑day bracket
LN Open
Above Value — Outside Range
Huge Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — higher
IBR — Tight
ADR exhaustion not far above IB high
Additional Notes
N.A.
Hypo 1
Long
Late-Sustained Auction preferred
Hypo 2
Short
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)
3
Don’t know what all the abbreviations are? Check out my lexicon:
Check me out on other platforms as well:
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