Bear Market Trader | Premarket Prep DAX - London session
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20220715 Premarket Prep DAX

20220715 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, price trad­ing below body, with­in range
    • Price trad­ing at MN QLo
  • W1
    • W1 Ham­mer, price trad­ing below body, with­in range
    • Price trad­ing at W1 QLO (shar­ing same lev­els as MN QLo)


  • D1
    • D1 closed low­er not tak­ing out D1 demand although clos­ing with­in leav­ing a longer buy­ing wick
    • Price trad­ing at D1 QLo (shar­ing same lev­els as W1/MN QLo)
  • H4
    • H4 Bull­ish Inside Bar reject­ing H4 QLo, with some con­tin­u­a­tion higher
    • Pre­mar­ket made a Bear Engulf
  • Trend
    • Strong DT 3/3
  • Mar­ket Profile
    • Wide val­ue cre­at­ed below the previous
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.51
    • Open With­in Value
    • Open at H4 QLo
    • Asia formed a Neu­tral Day
    • 0.70xASR some­what wide IBR tak­ing out H4 sup­ply, could poten­tial­ly be momentum
    • H4-C‑S 12740.88 at ASR High Exhaus­tion, ADR exhaus­tion not far above

Addi­tion­al Notes

  • Pos­si­ble Fri­day profit-taking


  • Hypo 1
    • Short
    • Failed Auc­tion
  • Hypo 2
    • Long
    • Late-Sus­tained Auction
  • Hypo 3
    • Long
    • Strength From With­in IBR
  • Hypo 4
    • Short
    • Auc­tion Fade, Reversal

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

  • 3

Mind­ful Trad­ing (lack of sleep?)

  • Felling okay

Focus Points for trad­ing development

  • Month­ly Goals
    • Use SL scaling


Day trader. Tech geek. Sim Racing Enthusiast.

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