15 Aug 20240815 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 at QHi
D1 Three Inside Down at D1 Supply closing below D1 QHi giving D1-C‑S 2465.46 Mom
H4
Price trading within QHi
Big Bear Engulf closing below Wide H4/D1 QHi but then formed some demand just below giving H4-C‑D 2447.87 HiDC
Trend
Trend is UP 3/3
Market Profile
Values in UT
LN Open
Below Value — Outside Range
Moderate to Large Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — sideways
IBR — Very Tight
M30 50MA / 200MA APEX nearing
Additional Notes
N.A.
Hypo 1
Short
Reversal — Possible Failed Auction to continuation
Hypo 2
Short
Late-Sustained Auction
Hypo 3
Long
Reversal — Possible Failed Auction
Hypo 4
Long
Late-Sustained Auction
Clarity / Confidence (1 — 5, low to high)
1
Mindful Trading (1–5 Bad to Good)
3
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