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02 May 20240502 Premarket Prep Gold
⇧ Detailed Trading Plan for London Session with HYPOS outlined within link ⇧
#Fintwit #XAUUSD #GOLD #VWAP #Keltner #MarketProfile #Orderflow
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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 at D1 UKC UT
H4
QLo rejected, price mid swing
Price closed higher and is slowing down at H4 50MA DT
Trend
Trend is UP 2/3
Market Profile
Values in DT
LN Open
Above Value — Outside Range
Large Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — lower
IBR — Normal
Additional Notes
Thursday, May 02, 02:00, USD Fed Interest Rate Decision
Friday, May 03, 20:30, USD Non Farm Payrolls (Apr)
Hypo 1
Short
Sustained Auction
Hypo 2
Long
Reversal — Possible Failed Auction
Hypo 3
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:
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