20220804 Premarket Prep DAX - Bear Market Trader
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20220804 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 trad­ing above body and range
  • W1
    • Price trad­ing above body and range, although price is near­ing W1 VWAP in DT. 


  • D1
    • Price closed high­er with­in D1 Sup­ply giv­ing D1-C‑D 13470.15 (with­in val­ue, at VAH)
    • D1 QLo reject­ed (shar­ing same lev­els as W1 QLo), price trad­ing mid swing
  • H4
    • Some con­sol­i­da­tion below D1 Sup­ply End
    • IB took out said D1 Supply
  • Trend
    • Trend is Up 3/3
  • Mar­ket Profile
    • 2 over­lap­ping val­ues with­in over­all range
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.38
    • 0.85xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbal­ance (bor­der­ing Large Imbal­ance, pos­si­ble momentum)
    • Asia formed a Neu­tral Day and trad­ed sideways
    • 0.67xASR IBR, indi­cat­ing pos­si­ble momen­tum, IB took out D1 Sup­ply and could see some reaction

Addi­tion­al Notes

  • Fri­day, Aug 05, USD, Non­farm Pay­rolls Pri­vate (Jul)


  • Hypo 1
    • Short
    • Rever­sal, pos­si­ble Failed Auc­tion, mon­i­tor for continuation
  • Hypo 2
    • Long
    • Late-Sus­tained Auction
  • Hypo 3
    • Long
    • Failed Auc­tion
  • Hypo 4
    • Short
    • Auc­tion Fade

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

  • 3

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay

Focus Points for trad­ing development

  • Month­ly Goals
    • Use SL scaling


Day trader. Tech geek. Sim Racing Enthusiast.

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