21 Aug 20240821 Premarket Prep Gold
⇧ 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
No Q Swing
D1-C‑D 2504.77 HiDC formed through speed bump and close higher although weak
H4
QHi rejected, price mid swing
H4 Evening Star giving H4-C‑S 2522.72
Price nearing D1 Demand coinciding with H4 VWAP UT / H4 QLo
Trend
Trend is UP 3/3
Market Profile
Values in UT
Wide Value
LN Open
Below Value — Within Range
Moderate Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — sideways
IBR — Normal
Additional Notes
N.A.
Hypo 1
Short
Sustained Auction tricky with QLo
Hypo 2
Long
Reversal — Possible Failed Auction
Hypo 3
Long
Auction Fade
Hypo 4
Long
Value Acceptance
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:
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