Bear Market Trader | Premarket Prep DAX - London session
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20220711 Premarket Prep DAX

20220711 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 test­ing MN QLo and demand and is cur­rent­ly trad­ing with­in body
  • W1
    • W1 Ham­mer react­ing off W1 QLo, demand, price cur­rent­ly trad­ing below body but with­in range
    • W1 shar­ing same lev­els with MN QLo

Nar­ra­tive

  • D1
    • Price trad­ing at D1 VWAP in DT
    • D1 Qlo shar­ing same lev­els with MN/W1 QLo
  • H4
    • Price fal­ter­ing at H4 UKC in DT and cre­at­ed some sup­ply giv­ing H4-C‑S 12945.92 with­in Value
    • H4-C‑D 12817.40 with­in val­ue at VAL
  • Trend
    • Trend change from Strong DT 3/3 to Trend is Down 2/3
  • Mar­ket Profile
    • Wide val­ue cre­at­ed in a UT over­lap­ping the previous
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.03
    • Open With­in Value
    • Asia formed a Neu­tral Day but most­ly trad­ed down
    • 0.44xASR IBR
    • Open at H4 demand 

Addi­tion­al Notes

  • N.A. 

Hypos

  • Hypo 1
    • Long
    • Late-Sus­tained Auction
  • Hypo 2
    • Short
    • Failed Auc­tion, pos­si­ble 3‑I Day
  • Hypo 3
    • Short
    • Rever­sal, Auc­tion Fade

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

  • 2

Mind­ful Trad­ing (lack of sleep?)

  • A lit­tle tired

Focus Points for trad­ing development

  • Month­ly Goals
    • Use SL scaling

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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