10 Jun 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:
No Comments