20220516 Premarket Prep DAX - Bear Market Trader
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20220516 Premarket Prep DAX

20220516 Premarket Prep DAX

#Fin­twit #DAX #DE30Cash

This is my pre­mar­ket prep for today’s Euro­pean ses­sion for DAX. 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

Larg­er Timeframe

  • MN
    • Price retraced to MN-C‑S 14329.95 DBD
    • Price cur­rent­ly trad­ing with­in last month’s body
  • W1
    • W1 Bull Engulf reject­ing W1 QLo
    • Price is test­ing new­ly formed demand

Click to Enlarge

Nar­ra­tive

  • D1
    • Price start­ed react­ing at D1 Supply
    • D1 QLo reject­ed, price trad­ing mid swing
    • Prev. Day Exceed­ed ADR by 1.23
  • H4
    • Big H4 Bear Engulf reject­ing H4 QHi coin­cid­ing with H4 200MA
  • Trend
    • Trend is UP 2/3
  • Mar­ket Profile
    • W1-C‑D 13916.39 with­in value
    • Val­ue cre­at­ed above the previous
  • LN Open
    • 0.04xASR Above Val­ue, With­in Range, some­what ambigu­ous open
    • A accept­ed val­ue but with W1 Demand with­in val­ue a val­ue rota­tion is risky
    • 0.53xASR IBR
    • Asia extend­ed and trad­ed down
    • price trad­ing near round num­ber of 14000

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Long
    • Return to Val­ue, probe of val­ue, Rever­sal, pos­si­ble Failed Auction
  • Hypo 2
    • Short
    • Val­ue Accep­tance, risky, pre­ferred a full rota­tion and late-sus­tained auction 
  • Hypo 3
    • Short
    • Auc­tion Fade
  • Hypo 4
    • Short
    • Failed Auc­tion

Clar­i­ty

  • 3

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay

Focus Points for trad­ing development

  • Month­ly Goals
    • Either hit SL or tar­get, reassess after Trad­ing Win­dow Close
    • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
  • Risk Man­age­ment
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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