Bear Market Trader | Premarket Prep DAX - London session
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20220622 Premarket Prep DAX

20220622 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 below body and range
  • W1
    • W1 Closed with­in W1 QLo, pulled back to test W1 QLo from the inside and is cur­rent­ly trad­ing below body
    • Price trad­ing with­in W1 demand

Nar­ra­tive

  • D1
    • D1 Inside Bar at D1 QLo with not much con­tin­u­a­tion, instead some consolidation
    • Price is cur­rent­ly test­ing D1 QLo again
  • H4
    • H4 Bear Engulf at D1 Sup­ply Low in Dist. Curve, coin­cid­ing with H4 50MA in DT,  fol­lowed by a Phase 4 cur­rent­ly test­ing OLD H4 demand / H4 QLo
  • Trend
    • Strong DT 3/3
  • Mar­ket Profile
    • Val­ue cre­at­ed above the pre­vi­ous 3‑day range
  • LN Open
    • 1.02xASR Below Val­ue, Out­side Range
    • Large Imbal­ance
    • Asia opened and direct­ly extend­ed and trad­ed lower
    • ADR Exhaus­tion not far below LN open, pos­si­ble Uni­di­rec­tion­al Day
    • LN wider than NY
    • 0.54xASR IBR
    • Price trad­ing at round num­ber 13000

Addi­tion­al Notes

  • N.A. 

Hypos

  • Hypo 1
    • Long
    • Sus­tained Auction
  • Hypo 2
    • Short
    • Late-Sus­tained Auc­tion, risky trad­ing into D1 QLo
  • Hypo 3
    • Long
    • Failed Auc­tion
  • Hypo 4
    • 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.

1Comment
  • T3chAddict
    Posted at 10:07h, 22 June

    C extend­ed and closed below IB in effect giv­ing clues to a sus­tained auction
    D TPO formed a Poor Low (which often gets tak­en out) before clos­ing as a Bull­ish Inside Bar with­in IB tech­ni­cal­ly Fail­ing the Auc­tion. Only Bull Engulf is on M5 and with the Poor Low and ADR exhaus­tion not far below and Strong DT, I decid­ed to stay out and doc­u­ment the trade.
    As I am writ­ing M5 closed above VWAP but has not cleared it yet.
    Will mon­i­tor progress.

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