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22 Jul 20240722 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
QHi rejected, price mid swing
Price trading at D1 VWAP UT / UKC R / D1 Demand HiDC
H4
Price trading within QLo
Trend
Trend is UP 2/3
Market Profile
Value created below the previous
LN Open
Below Value — Outside Range
Moderate to Large Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — sideways
IBR — Tight
Additional Notes
N.A.
Hypo 1
Short
Reversal — Possible Failed Auction
Hypo 2
Long
Late-Sustained Auction
Hypo 3
Short
Late-Sustained Auction
Hypo 4
Long
Auction Fade
Clarity / Confidence (1 — 5, low to high)
1
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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