20220812 Premarket Prep DAX - Bear Market Trader
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20220812 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
    • W1 made a HH and is now trad­ing above body, with­in range
    • W1 QLo reject­ed, price trad­ing mid swing


  • D1
    • Price made a HH tak­ing out D1 Sup­ply but closed as an Invert­ed Ham­mer clos­ing above D1-C‑D 13656.81 High in Dist. Curve
    • D1 QLo reject­ed (shar­ing same lev­els as W1 QLo), price trad­ing mid swing
    • Pos­si­ble devel­op­ing D1 RBR
  • H4
    • H4 Bear Engulf and DBD giv­ing H4-C‑S 13755.48
    • H4 RBR at VWAP
  • Trend
    • Trend is Up 2/3
  • Mar­ket Profile
    • Val­ue cre­at­ed above the pre­vi­ous although still with­in over­all range
  • LN Open
    • Prev. Day trad­ed 0.95xADR, pos­si­ble momentum
    • Open With­in Value
    • Asia formed a neu­tral Day and trad­ed sideways
    • 0.73xASR IBR, pos­si­ble momentum
    • Price took out H4 sup­ply dur­ing IB

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Long
    • Late-Sus­tained Auc­tion, pos­si­ble ear­ly entry if strength shows
  • Hypo 2
    • Short
    • Rever­sal, Failed Auction
  • Hypo 3
    • Long
    • Failed Auc­tion
  • Hypo 4
    • Short
    • 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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