⇧ 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 Bullish Inside Bar although with longer selling wick
Prev. Day Exceeded ADR — No but 99.6%
H4
QLo rejected, price mid swing
Consolidation above QLo at H4 50MA UT
Premarket closed with a long buying wick above consolidation and currently trading in OLD H4 Supply (multiple tests)
Trend
Trend is UP 3/3
Market Profile
Bracketing Range
Wide value
LN Open
Above Value — Within Range
Moderate Imbalance
Asia traded — sideways
IBR — Normal
Additional Notes
N.A.
Hypo 1
Long
Sustained Auction
Hypo 2
Short
Value Acceptance
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)
2
Don’t know what all the abbreviations are? Check out my lexicon:
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