Bear Market Trader | Premarket Prep DAX - London session
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20220705 Premarket Prep DAX

20220705 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 is trad­ing with­in body and above MN demand, MN QLo
  • W1
    • Price is trad­ing below body, with­in range
    • Price is trad­ing with­in Wide W1 QLo

Nar­ra­tive

  • D1
    • No fol­low-through on the D1 Bull­ish Inside Bar, instead price closed with­in D1 demand
    • Price trad­ing with­in Wide D1 QLo
  • H4
    • Price gapped up on the day and is trad­ing at new­ly formed H4-C‑S 12869.92 (at VAH)
  • Trend
    • Strong DT 3/3
  • Mar­ket Profile
    • 3 over­lap­ping val­ues in an upslope
  • LN Open
    • Open With­in Value
    • Asia extend­ed up but failed the auction
    • LN wider than NY
    • 0.35xASR IBR
    • B TPO closed below VAL, C TPO extend­ed down tak­ing out H4 demand

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Short
    • Late-Sus­tained Auction
  • Hypo 2
    • Long
    • Rever­sal, pos­si­ble Auc­tion Fade

Clar­i­ty / Confidence

  • 2

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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