22 Jan 20250122 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
Wide QHi
Price took out D1 Supply currently trading within W1 Supply
H4
Price trading within QHi
Wide H4/D1 QHi
H4 Inside Bar with longer selling wick during premarket
Trend
Trend is UP 3/3
Market Profile
Value created above the previous
Wide value
LN Open
Above Value — Outside Range
Large to Huge Imbalance
Prev. Day Exceeded ADR — Yes
Asia traded — higher
IBR — Normal
Additional Notes
N.A.
Hypo 1
Short
Reversal — Possible Failed Auction
Hypo 2
Long
Late-Sustained Auction — preferably take out new LTF Supply first
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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