08 Nov 20241108 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
QHi rejected, price mid swing
D1 Bullish Inside Bar at D1 QLo, D1/W1 demand
H4
QHi rejected, price mid swing
Wide D1/H4 Q
H4 Three Inside Down at VWAP DT 200MA DT APEX although leaving longer buying wick
H4-C‑D 2663.26 within value at PPOC
Trend
Trend is DOWN 2/3
Market Profile
Values in DT
LN Open
Above Value — Outside Range
Moderate to Large Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — lower
IBR — Normal
Additional Notes
Interest Rate Decision(s) today
Hypo 1
Short
Reversal — Possible Failed Auction
Hypo 2
Long
Late-Sustained Auction
Hypo 3
Short
Late-Sustained Auction
Hypo 4
Long
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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