Bear Market Trader | Premarket Prep DAX - London session
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20220624 Premarket Prep DAX

20220624 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
    • Price closed with­in W1 QLo
    • Price made a LL and is trad­ing below body, but with­in range

Nar­ra­tive

  • D1
    • Price took out D1 demand and closed with­in D1 QLo how­ev­er failed to close with­in D1-C‑D 12900
    • D1 QLo very wide, pos­si­ble continuation
  • H4
    • H4 DBD giv­ing H4-C‑S 13081.13 Low in Dist. Curve, just above VAH
    • H4 Three Inside Up at D1 Demand fol­lowed by a H4 Bear­ish Inside Bar react­ing off D1 QLo inside
  • Trend
    • Strong DT 3/3
  • Mar­ket Profile
    • 2 over­lap­ping val­ues, yesterday’s val­ue wider than usual
  • LN Open
    • Open With­in Value
    • Asia formed a Neu­tral Day but most­ly trad­ed higher
    • Prev. Day Exceed­ed ADR by 1.21
    • LN wider than NY
    • A TPO closed below VAL
    • 0.34xASR IBR
    • B closed as a Bull­ish Inside Bar although below VAL

Addi­tion­al Notes

  • Pos­si­ble Fri­day Profit-Taking

Hypos

  • Hypo 1
    • Long
    • Failed Auc­tion, for­ward-test­ing a pos­si­ble Rever­sal with­in IB
  • Hypo 2
    • Short
    • Late-Sus­tained Auction
  • Hypo 3
    • Short
    • Failed Auc­tion
  • Hypo 4
    • Long
    • Auc­tion Fade

Clar­i­ty

  • 2

Mind­ful Trad­ing (lack of sleep?)

  • A bit tired, will take it easy

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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