Bear Market Trader | Premarket Prep DAX - London session
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20220524 Premarket Prep DAX

20220524 Premarket Prep DAX

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 made a LL and is trad­ing with­in body
    • MN QLo test­ed and price is trad­ing mid swing
  • W1
    • W1 Bull Engulf reject­ing W1 QLo fol­lowed by a Drag­on­fly Doji test­ing new­ly formed demand

Nar­ra­tive

  • D1
    • Price formed a Spin­ning Doji with­in D1 Supply
    • D1 QHi rejected
  • H4
    • H4 DBD reject­ing H4 QHi
    • H4-C‑S 14110.78 with­in VAL at VAH
  • Trend
    • Mixed Trend, Down, Up, Down
  • Mar­ket Profile
    • 2 over­lap­ping val­ues with­in over­all range
  • LN Open
    • 0.05xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day but most­ly trad­ed down
    • 0.48xASR IBR
    • B accept­ed value

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Long
    • Val­ue Accep­tance, full rota­tion could see a con­tin­u­a­tion for a pos­si­ble Late-Sus­tained Auction
  • Hypo 2
    • Short
    • Failed Auc­tion
  • Hypo 3
    • Short
    • Auc­tion Fade

Clar­i­ty

  • 3

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing a bit jit­tery, drank too much coffee

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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