20240610 Premarket Prep Gold - Bear Market Trader
This is my detailed trading plan for the London session. Including levels and hypos.
day trade, day trading, forex, FX, trade plan, trading plan, XAU USD, XAUUSD, GOLD, FX, premarket prep, pre-market prep, tradingforex, traderlifestyle, daytraderlife,
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20240610 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

Price trad­ing with­in QLo

Big Bear Engulf clos­ing with­in W1/D1 Demand

Price trad­ing at D1 LKC

H4

Price trad­ing with­in QLo

Wide D1/H4 QLo

Con­sol­i­da­tion after big drop

Trend

Trend is DOWN 2/3

Mar­ket Profile

Val­ue cre­at­ed below the previous

Wide val­ue

LN Open

Below Val­ue — Out­side Range

Huge Imbal­ance

Prev. Day Exceed­ed ADR — Yes

Asia trad­ed — sideways

IBR — Normal

Addi­tion­al Notes

N.A.

Hypo 1

Long

Late-Sus­tained Auction

Hypo 2

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 3

Short

Rever­sal — Pos­si­ble Failed Auction

Hypo 4

Short

Late-Sus­tained Auction

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

2

Mind­ful Trad­ing (1–5 Bad to Good)

1

Don’t know what all the abbre­vi­a­tions are? Check out my lexicon:

Check me out on oth­er plat­forms as well:

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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