Bear Market Trader | Premarket Prep DAX - London session
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20220609 Premarket Prep DAX

20220609 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 start­ed trad­ing with­in body after hav­ing made a HH
  • W1
    • Price made a HH but start­ed react­ing at W1 VWAP in DT
    • Price trad­ing below body with­in range
    • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

  • D1
    • Pos­si­ble D1 Phase 1 / 3
    • D1 Three Inside Down clos­ing with­in D1-C‑D 14453.47 (got tak­en out dur­ing IB)
  • H4
    • H4 demand tak­en out
    • H4 QHi reject­ed, price trad­ing mid swing
    • Price slow­ing down at H4 LKC in UT
  • Trend
    • Trend Change: Mixed Trend, Down, Up, Down,
  • Mar­ket Profile
    • 2 over­lap­ping val­ues, price with­in over­all range
  • LN Open
    • 0.76xASR Below Val­ue, Out­side Range
    • Large Imbal­ance
    • Prev. Day Exceed­ed ADR by 1.40
    • Asia formed a Neu­tral Day but most­ly trad­ed down
    • 0.71xASR IBR, poten­tial momentum
    • IB took out D1 demand, D1 VWAP not far below could see buy­ers com­ing in

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Short
    • Late-Sus­tained Auc­tion, pre­ferred Weak­ness From With­in IBR (although cri­te­ria not met), pos­si­ble entry before extension
  • Hypo 2
    • Long
    • Late-Sus­tained Auction
  • Hypo 3
    • Long
    • 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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