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25 Jul 20240725 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
D1 Bearish Inside Bar at D1 VWAP UT
Price breaking below nearing D1-C‑S 2363.65
H4
Price trading within QLo
H4 Doji above D1 demand coinciding with H4 200MA within H4/D1 QLo
Trend
Trend is UP 2/3
Market Profile
Value Overlapping the Previous
LN Open
Below Value — Outside Range
Huge Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — lower
IBR — Normal
ADR exhausted during Asia
Additional Notes
N.A.
Hypo 1
Short
Reversal — Possible Failed Auction
Hypo 2
Long
Late-Sustained Auction
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)
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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