20220905 Premarket Prep DAX - Bear Market Trader
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20220905 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
    • MN closed as a poten­tial con­sol­i­da­tion, although cur­rent­ly devel­op­ing 4th bar
    • Price trad­ing at MN QLo
    • Price already made a LL
  • W1
    • W1 closed down below pre­vi­ous range low leav­ing a longer sell­ing wick
    • Price made a LL but is cur­rent­ly trad­ing below body, with­in range
    • Price trad­ing with­in W1 QLo


  • D1
    • Price closed down but failed to close with­in demand
    • Price trad­ing with­in D1 QLo
  • H4
    • Big H4 Bear Engulf clos­ing with­in H4 QLo (shar­ing same lev­els as D1 QLo) giv­ing H4-C‑S 12797.21 with­in val­ue, with come con­tin­u­a­tion lower
    • Pre­mar­ket formed a H4 Bull Engulf
  • Trend
    • Strong DT 3/3
  • Mar­ket Profile
    • Val­ue cre­at­ed above the previous
  • LN Open
    • NY wider than LN
    • Prev. Day Exceed­ed ADR by 1.84
    • 0.35xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day but most trad­ed lower
    • 0.56xASR IBR

Addi­tion­al Notes

  • N.A. 


  • Hypo 1
    • Short
    • Return to Val­ue, Rever­sal (pos­si­bly at LTF sup­ply at VAL), Pos­si­ble Failed Auction
  • Hypo 2
    • Long
    • Failed Auc­tion
  • Hypo 3
    • Short
    • Late-Sus­tained Auction
  • Hypo 4
    • Long
    • Auc­tion Fade

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

  • 2

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay
  • Had a long break so will take it easy

Focus Points for trad­ing development

  • Month­ly Goals
    • Use SL scaling


Day trader. Tech geek. Sim Racing Enthusiast.

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