Bear Market Trader | Premarket Prep DAX - London session
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20220726 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 trad­ing back with­in Body, above MN demand, QLo
  • W1
    • W1 Con­sol­i­da­tion and break high­er, price trad­ing with­in body

Nar­ra­tive

  • D1
    • Con­sol­i­da­tion con­tin­ued through D1 Invert­ed Ham­mer with sell­ing wick react­ing off D1 Sup­ply, QHi
  • H4
    • H4 Phase 1 / 3
    • Anoth­er rejec­tion of H4 QHi
  • Trend
    • Trend change: Mixed Trend
  • Mar­ket Profile
    • 4‑day over­lap­ping brack­et­ing range
  • LN Open
    • 0.25xASR Below Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • 0.23xASR Tight IBR
    • Asia trad­ed side­ways form­ing a Neu­tral Day

Addi­tion­al Notes

  • Thurs­day, Jul 28, USD, Fed Inter­est Rate Decision

Hypos

  • Hypo 1
    • Short
    • Sus­tained Auc­tion, pre­ferred late-sus­tained auction
  • Hypo 2
    • Long
    • Failed Auc­tion, might see fol­low-through to oppos­ing side, mon­i­tor for VAA
  • Hypo 3
    • Long
    • Auc­tion Fade

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

  • 2

Mind­ful Trad­ing (lack of sleep?)

  • Extra cau­tion

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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