⇧ 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 within QHi
Price closed deep within D1 Supply and nearly took it out
H4
Price trading within QHi
Wide H4/D1 QHi
Some slowdown after nearly taking out H4/D1 Supply
Trend
Mixed Trend
Market Profile
Values in UT
Wide Value
LN Open
Above Value — Within Range
Moderate Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — sideways
IBR — Very Tight
Additional Notes
N.A.
Hypo 1
Long
Reversal — Possible Failed Auction
Hypo 2
Short
Value Acceptance
Hypo 3
Short
Reversal — Possible Failed Auction
Hypo 4
Long
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:
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