Bear Market Trader | Premarket Prep DAX - London session
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20220805 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 hav­ing made a HH
  • W1
    • Price trad­ing above body and range hav­ing made a HH
    • W1 QLo reject­ed, price trad­ing mid swing
    • Price trad­ing at W1 VWP in DT

Nar­ra­tive

  • D1
    • Price took out D1 Sup­ply and closed as an Invert­ed Hammer
    • D1 QLo (shar­ing same lev­els as W1 QLo) reject­ed, price trad­ing mid swing
    • PRice trad­ing above D1 UKC in DT
  • H4
    • H4 Bear­ish Inside Bar after tak­ing out D1 Sup­ply with no imme­di­ate con­tin­u­a­tion, instead some con­sol­i­da­tion and close with­in new­ly formed Supply.
  • Trend
    • Trend is Up 2/3
  • Mar­ket Profile
    • Val­ue cre­at­ed above the pre­vi­ous over­all range
  • LN Open
    • Prev. Day trad­ed 0.96xADR, pos­si­ble momentum
    • 0.15xASR Below Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia formed a Neu­tral Day and most­ly trad­ed sideways
    • 0.33xASR IBR
    • Dur­ing B TPO M15 closed at VAL not con­fi­dent­ly accept­ing val­ue, although price popped some LTD sup­ply at VAL

Addi­tion­al Notes

  • NFP today

Hypos

  • Hypo 1
    • Long
    • Val­ue Accep­tance, risky with sup­ply with­in val­ue, NFP later
  • Hypo 2
    • Short
    • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
  • Hypo 3
    • Short
    • Sus­tained Auc­tion, NFP later
  • Hypo 4
    • Long
    • 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

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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