20220808 Premarket Prep DAX - Bear Market Trader
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20220808 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 hav­ing made a HH
  • W1
    • Price closed high­er but left a slight­ly longer sell­ing wick react­ing off W1 VWAP in DT
    • Price trad­ing above body, with­in range


  • D1
    • D1 con­sol­i­da­tion, over the week­end price trad­ed a lit­tle lower
    • Price trad­ing above D1 UKC in DT
  • H4
    • Price moved low­er reject­ing H4 QHi giv­ing H4-C‑S 13656.63
    • Con­sol­i­da­tion at H4 VWAP/UKC in DT
    • Pos­si­ble H4 Phase 1 / 3
  • Trend
    • Trend is Up 2/3
  • Mar­ket Profile
    • 2 over­lap­ping val­ues after UT
  • LN Open
    • Open With­in Value
    • Asia extend­ed and trad­ed higher
    • Open at H4 QHi
    • 0.58xASR IBR
    • A TPO closed above VAH, B closed back with­in as a Bear Engulf

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Long
    • Failed Auc­tion
  • Hypo 2
    • Short
    • Late-Sus­tained Auction
  • Hypo 3
    • Long
    • Auc­tion Fade

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


Day trader. Tech geek. Sim Racing Enthusiast.

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