Bear Market Trader | Premarket Prep DAX - London session
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20220601 Premarket Prep DAX

20220601 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
    • May closed as a weird half Bull Engulf / Inside Bar but failed to close above MN VWAP
    • Price test­ed MN QLo and is trad­ing mid swing
  • W1
    • W1 RBR giv­ing W1-C‑D 14110.28 Base reject­ing W1 QLo
    • Price trad­ing mid swing
    • W1 closed with­in W1-C‑S 14351.53 / MN Base Supply

Nar­ra­tive

  • D1
    • Price took out D1-C‑S 14456.40 then formed a Bear Engulf react­ing off D1-C‑S 14605.20 and D1 QHi although leav­ing a longer buy­ing wick
    • Wide D1/H4 QHi
  • H4
    • H4 QHi rejected
    • H4 Three Inside Up at H4 VWAP in UT giv­ing H4-C‑D 14416.25
  • Trend
    • Trend is UP 2/3
  • Mar­ket Profile
    • Val­ue cre­at­ed below the pre­vi­ous after an UT
  • LN Open
    • Open With­in Value
    • Asia formed a Neu­tral Day
    • 0.48xASR IBR
    • B closed below VAL
    • C extend­ed IB to the downside
    • NY wider than LN

Addi­tion­al Notes

  • Jun 03, 20:30, USD, Non­farm Pay­rolls Pri­vate (May)

Hypos

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

Clar­i­ty

  • 3

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing tired still, extra cau­tion, prob­a­bly won’t trade

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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