Bear Market Trader | Premarket Prep DAX - London session
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20220525 Premarket Prep DAX

20220525 Premarket Prep DAX

#Fin­twit #DAX #DE30Cash #Mar­ket­Pro­file #Order­flow

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 returned to MN Base Sup­ply cur­rent­ly trad­ing with­in body after hav­ing made a LL
    • MN QLo test­ed and price trad­ing mid swing
  • W1
    • W1 Bull Engulf reject­ing W1 QLo fol­lowed by a Drag­on­fly Doji, price trad­ing below body


  • D1
    • Price closed low­er although with­in D1 Sup­ply leav­ing a longer buy­ing wick
    • D1 Sup­ply with­in Value
    • Pos­si­ble D1 Phase 1 / 3
  • H4
    • H4 Three Out­side Up at W1 demand and H4-C‑D 13957.95
    • H4 QHi reject­ed and price is trad­ing mid swing
    • Pos­si­ble H4 Phase 1 / 3
  • Trend
    • Mixed Trend, Down, Up, Down
  • Mar­ket Profile
    • 3 over­lap­ping values
  • LN Open
    • Open With­in Value
    • Open near D1 Supply
    • NY wider than LN
    • 0.51xASR IBR
    • Asia formed a Neu­tral Day

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Long
    • Failed Auc­tion
  • Hypo 2
    • Short
    • Weak­ness From With­in IBR
  • Hypo 3
    • Short
    • Late-Sus­tained Auc­tion, con­ges­tion in the way
  • Hypo 4
    • Long
    • Auc­tion Fade, pos­si­ble 3‑I Day


  • 2

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


Day trader. Tech geek. Sim Racing Enthusiast.

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