Bear Market Trader | Premarket Prep DAX - London session
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20220906 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 MN consolidation
    • Price trad­ing at MN QLo
  • W1
    • Price closed low­er as an Invert­ed Hammer
    • Price trad­ing with­in W1 QLo
    • Price trad­ing above body, with­in range

Nar­ra­tive

  • D1
    • D1 Bull Engulf at pre­vi­ous D1 demand
    • Price still trad­ing with­in D1 QLo
  • H4
    • Some H4 con­sol­i­da­tion at H4 VWAP in DT
  • Trend
    • Trend is Down 3/3
  • Mar­ket Profile
    • 3 over­lap­ping values
  • LN Open
    • NY wider than LN
    • Open With­in Value
    • Asia formed a Neu­tral Day
    • 0.86xASR Wide IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Short
    • Failed Auc­tion
  • Hypo 2
    • Long
    • Strength From With­in IBR, (for­ward-test a pos­si­ble Rever­sal From With­in IBR)
  • Hypo 3
    • Long
    • Failed Auc­tion
  • Hypo 4
    • Short
    • Weak­ness From With­in IBR

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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