Premarket Prep Gold XAUUSD 06292020 - Bear Market Trader
day trade, day trading, forex, FX, trade plan, trading plan, XAU USD, XAUUSD, Gold, premarket prep, pre-market prep, commodities, commodities trader, daytraderlife, tradingforex, tradinglifestyle, tradingforex,
2612
post-template-default,single,single-post,postid-2612,single-format-standard,bridge,ajax_fade,page_not_loaded,,side_area_uncovered_from_content,qode-theme-ver-9.5,hide_inital_sticky
 

Premarket Prep Gold XAUUSD 06292020

29 Jun Premarket Prep Gold XAUUSD 06292020

Posted at 13:42h in Gold, Gold Premarket Prep, Trading Plan by
0 Likes

#trad­ing­forex #forex #XAUUSD #GOLD #day­trad­ing #trad­inglifestyle #day­trader­life

This is my pre­mar­ket prep for today’s Euro­pean ses­sion for Gold XAUUSD. This prep builds off of my week­ly trade plan I made here:

GOLD (XAUUSD) – Week 27 Trad­ing Plan

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

Non-con­jec­ture obser­va­tions of the market

  • Trad­ing with­in D1 sup­ply at H4-C‑S 1773.757
  • Mar­ket Profile
    • Cur­rent­ly trad­ing above val­ue and not too far extended

Com­pared against Week­ly Trad­ing Plan

  • Price still trad­ing with­in Week­ly sup­ply and last week closed well within

Sen­ti­ment — Slight­ly Bullish

ZOIs for Pos­si­ble Shorts

  • MN1-C‑S 1623.239
  • W1-C‑S 1754.243
  • D1-C‑S 1763.823 NEW
  • H4-C‑S 1773.757

ZOIs for Pos­si­ble Long

  • H4-C‑D 1762.048 Bull Engulf
  • H4-C‑D 1751.489
  • W1-C‑D 1728.472 NEW

Focus Points for trad­ing development

  • Risk Man­age­ment
    • Only take 2 trades a day but only have 1 active trade on between the assets
    • Trad­ing Priority
      • FX pair out­side value
      • FX pair inside > Gold
      • 2+R prof­it dur­ing LN con­sid­er trad­ing PNYC
    • After 4 los­ing trades reduce TP to 1.5R but after 1R can con­sid­er tak­ing profits
T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

No Comments

Post A Comment