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16 May 20240516 Premarket Prep Gold
⇧ Detailed Trading Plan for London Session with HYPOS outlined within link ⇧
#Fintwit #XAUUSD #GOLD #VWAP #Keltner #MarketProfile #Orderflow
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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
Price trading within QHi
D1 Three Inside Up closing within QHi
H4
Price trading within QHi
Trend
Trend is UP 3/3
Market Profile
Value created above the previous
LN Open
Above Value — Outside Range
Moderate to Large Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — lower
IBR — Normal
Additional Notes
N.A.
Hypo 1
Short
Reversal — Possible Failed Auction
Hypo 2
Long
Late-Sustained Auction
Hypo 3
Short
Late-Sustained Auction preferred
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:
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