15 Nov 20221115 Premarket Prep Gold

#Fin­twit #XAUUSD #GOLD #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:

Gold 2022 Week 46 Trad­ing Plan

The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Larg­er Timeframe

• MN
  • Price trad­ing above body, out­side range, near­ing MN VWAP, pos­si­ble CAR reaction
• W1
  • Price made a HH and is cur­rent­ly trad­ing with­in body, below W1-C‑S 1773.738
  • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

• D1
  • Price trad­ing with­in Wide D1 QHi
• H4
  • H4 Bull Engulf with­in Wide D1/H4 QHi
  • H4-C‑D 1771.105 HiDC Momen­tum in premarket
• Trend
  • Trend is UP 2/3
• Mar­ket Profile 
  • 2 over­lap­ping values
• LN Open
  • 1.25xASR Above Val­ue, Out­side Range
  • Large to Huge Imbalance
  • Asia extend­ed higher
  • 0.55xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Sus­tained Auction
• Hypo 2
  • Long
  • Failed Auc­tion
• Hypo 3
  • Long
  • Late-Sus­tained Auction
• Hypo 4
  • Short
  • Rever­sal, Auc­tion Fade

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

• 2

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram