Bear Market Trader | Premarket Prep DAX - London session
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20220712 Premarket Prep DAX

20220712 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 cur­rent­ly trad­ing below body, with­in range, with­in MN demand, above MN QLo
  • W1
    • W1 Ham­mer, price is trad­ing below body, with­in range, above W1 QLo (shar­ing same lev­els as MN QLo)

Nar­ra­tive

  • D1
    • D1 Three Inside Down at D1 VWAP in DT TC, price returned to D1-C‑D 12661.22 above D1 QLo (shar­ing same lev­els as W1/MN QLo)
  • H4
    • Some DBD giv­ing H4-C‑S 12830.04
    • Pre­mar­ket formed a H4 Hammer
    • H4 QHi reject­ed, price trad­ing mid swing
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • 3 over­lap­ping values
  • LN Open
    • Open at D1-C‑D 12661.22
    • 0.50xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia extend­ed and trad­ed lower
    • 0.55xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Short
    • Return to Val­ue, Rever­sal, pos­si­ble Failed Auction
  • Hypo 2
    • Long
    • Late-Sus­tained Auction
  • Hypo 3
    • Long
    • Failed Auc­tion
  • Hypo 4
    • Short
    • Late-Sus­tained Auction

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

  • 2

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay

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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