20220621 Premarket Prep DAX - Bear Market Trader
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20220621 Premarket Prep DAX

21 Jun 20220621 Premarket Prep DAX

Posted at 07:56h in DAX, Trading Plan by
1 Like

#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:

DAX 2022 Week 25 Trad­ing Plan

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 cur­rent­ly trad­ing below body, with­in range
  • W1
    • Price closed with­in W1 QLo, above W1 200MA
    • Cur­rent­ly trad­ing with­in body

Nar­ra­tive

  • D1
    • D1 Inside Bar at D1 QLo and price closed high­er as a Ham­mer (test­ing new­ly formed D1 Demand at D1 QLo) and is cur­rent­ly test­ing D1-C‑S 13340.18 Low in Dist. Curve
  • H4
    • H4 con­sol­i­da­tion and VWAP BO, pos­si­ble tran­si­tion to Phase 2
    • H4-C‑D 13213.46 formed at VAH
  • Trend
    • Strong DT 3/3
  • Mar­ket Profile
    • 3 over­lap­ping val­ues, price trad­ing above value
  • LN Open
    • 0.56xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia trad­ed higher
    • LN wider than NY
    • 0.49xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Long
    • Late-Sus­tained Auction
  • Hypo 2
    • Short
    • Failed Auc­tion
  • Hypo 3
    • Short
    • Auc­tion Fade

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.

2 Comments
  • T3chAddict
    Posted at 09:03h, 21 June

    C extend­ed above IB, but failed to close above

    D closed high­er with­in IB although failed to make a HH and failed to close above IB. Even though I think that the move is still bull­ish my set­up has not been con­firmed and thus I am stay­ing out of this play. Will reass­es later.

  • T3chAddict
    Posted at 11:07h, 21 June

    E TPO made a HH but then Closed as a Bear Engulf Fail­ing the Auc­tion as per hypo 2 at 2nd DTTZ, due to hav­ing made a HH I did not hold it past F TPO close.
    E TPO closed as a M15 Bear Engulf and a con­se­quent base (which test­ed new­ly formed M15 Sup­ply which could’ve been a bet­ter entry point).
    F fol­lowed through and M15 closed as a DBD at M15 VWAP which coin­cid­ed with F TPO close.

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