13 Aug 20240813 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
Price trading within QHi
Big bar up closing within Wide QHi, within D1 Supply, above previous structure high
H4
Price trading within QHi
Wide D1/H4 QHi
Trend
Trend is UP 3/3
Market Profile
Values in UT
LN Open
Above Value — Outside Range
Moderate to Large Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — lower
IBR — Tight
Additional Notes
N.A.
Hypo 1
Short
Late-Sustained Auction
Hypo 2
Long
Reversal — Possible Failed Auction
Hypo 3
Long
Auction Fade
Hypo 4
Long
Late-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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