20220816 Premarket Prep DAX - Bear Market Trader
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20220816 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
    • Pos­si­ble Devel­op­ing mN Three Out­side Up, although run­ning into MN Base Sup­ply as well as Round Num­ber of 14000
  • W1
    • W1 QLo reject­ed, price trad­ing mid swing
    • Price trad­ing with­in body


  • D1
    • D1 Ham­mer 
    • D1 QLo reject­ed (shar­ing same lev­els as W1 QLo), price trad­ing mid swing
  • H4
    • H4 Bull Engulf at H4 VWAP in UT giv­ing H4-C‑D 13804.06 fol­lowed by a consolidation
  • Trend
    • Trend is Up 2/3
  • Mar­ket Profile
    • 2 over­lap­ping value
  • LN Open
    • 0.27xASR Above Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia formed a Neu­tral Day and trad­ed sideways
    • 0.32xASR IBR
    • B closed above yesterday’s, Asia’s high

Addi­tion­al Notes

  • N.A.


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

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


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