⇧ 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 QLo
Huge sell off after US elections
Price trading at D1 50MA UT coinciding with W1/D1 Demand and Wide QLo
H4
Price trading at QLo
Wide H4/D1 QLo
Long buying wicks and consolidation around on approach to W1/D1 Demand
Trend
Trend is DOWN 2/3
Market Profile
Value created below the previous
Very Wide Value
LN Open
Below Value — Outside Range
Huge Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — higher
IBR — Normal
Additional Notes
US Elections
Interest Rate Decision tomorrow
Hypo 1
Long
Reversal — Possible Failed Auction
Hypo 2
Short
Late-Sustained Auction
Hypo 3
Short
Reversal — Possible Failed Auction
Hypo 4
Long
Auction Fade
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: