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01 Jul 20240701 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 QLo
Consolidation above new Bull Engulf, within Wide QLo
H4
QLo rejected, price mid swing
H4 Bear Engulf and consolidation possible accumulation/distribution above VWAP
Trend
Mixed Trend
Market Profile
Value created above the previous
Within Overall Range
LN Open
Within Value
Prev. Day Exceeded ADR — No
Asia traded — sideways
IBR — Tight
Additional Notes
N.A.
Hypo 1
Short
Reversal — Possible Failed Auction — possible 3‑I Day
Hypo 2
Short
Late-Sustained Auction
Hypo 3
Long
Reversal — Possible Failed Auction — possible 3‑I Day
Hypo 4
Long
Auction Fade
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:
Check me out on other platforms as well:
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