Bear Market Trader | Premarket Prep DAX - London session
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20220526 Premarket Prep DAX

20220526 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 made a LL and is trad­ing back with­in body
    • MN QLo test­ed and price trad­ing mid swing
  • W1
    • W1 Bull Engulf reject­ing W1 QLo fol­lowed by a Drag­on­fly Doji
    • Price cur­rent­ly trad­ing below body with­in range

Nar­ra­tive

  • D1
    • Price made a LL and closed bear­ish (although still with­in D1 Sup­ply) with a long buy­ing wick test­ing W1 demand (mul­ti­ple tests)
    • D1 QHi rejected
    • Pos­si­ble D1 Phase 1 / 3
  • H4
    • Pos­si­ble H4 Phase 1 / 3
    • H4 QHi rejected
  • Trend
    • Mixed Trend, Down, Up, Down
  • Mar­ket Profile
    • Val­ue cre­at­ed below the pre­vi­ous with price still with­in over­all range
  • LN Open
    • 0.37xASR Above Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia formed a Neu­tral Day but most­ly trad­ed lower
    • 0.42xASR IBR, failed to close above Asia

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Long
    • Late-Sus­tained Auc­tion, prefer­ably price clos­ing above Asia first
  • Hypo 2
    • Long
    • Return to Val­ue, Rever­sal, pos­si­ble Failed Auction
    • Failed Auc­tion
  • Hypo 3
    • Short
    • Late-Sus­tained Auc­tion to Val­ue Acceptance
  • Hypo 4
    • Long
    • Auc­tion Fade to poten­tial 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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