Bear Market Trader | Premarket Prep DAX - London session
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20220704 Premarket Prep DAX

20220704 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
    • BIg can­dle down form­ing a MN DBD
    • Price trad­ing at MN demand and MN QLo (although not touched yet)
  • W1
    • Price trad­ing with­in W1 demand and W1 QLo
    • Price trad­ing below body but with­in range

Nar­ra­tive

  • D1
    • D1 Bull­ish Inside Bar at D1-C‑D 12900 (near round number)
    • Price trad­ing with­in wide D1 QLo
  • H4
    • H4 Bull Engulf giv­ing H4-C‑D 12736.314 (got tak­en out dur­ing Asia)
    • Some sup­ply at H4 VWAP in DT giv­ing H4-C‑S 12900 (shar­ing Demand with D1)
  • Trend
    • Strong DT 3/3
  • Mar­ket Profile
    • Val­ue cre­at­ed on top of the previous
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.06
    • 0.36xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day
    • 0.76xASR Wide IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Long
    • Failed Auc­tion, for­ward-test rever­sal with­in IBR
  • Hypo 2
    • Short
    • Val­ue Acceptance
  • Hypo 3
    • Short
    • Weak­ness From With­in IBR
  • Hypo 4
    • Long
    • Strength From With­in IBR

Clar­i­ty / Confidence

  • 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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