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23 Jul 20240723 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 at QLo
Price failed to close below VWAP UT although now is trading below
H4
Price trading at QLo
Some Phase 1 / 3 above D1/H4 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 — No
Asia traded — lower
IBR — Normal
Additional Notes
N.A.
Hypo 1
Short
Reversal — Possible Failed Auction
Hypo 2
Long
Value Acceptance
Hypo 3
Long
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)
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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