⇧ 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 at QHi
D1 Inside Bar with selling wick retracing to newly formed supply closing back within QHi
Possible D1 Base
H4
QHi rejected, price mid swing
Phase 1 / 3
Trend
Trend is UP 3/3
Market Profile
Value created below the previous
LN Open
Within Value
Prev. Day Exceeded ADR — Yes
Asia traded — lower
IBR — Normal
LN wider than NY
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
Auction Fade
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:
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