20220908 Premarket Prep DAX - Bear Market Trader
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20220908 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 above MN QLo
  • W1
    • Price trad­ing above body, with­in range
    • Price trad­ing with­in Wide W1 QLo

Nar­ra­tive

  • D1
    • D1 closed above D1 QLo (as well as W1 QLo) and pre­vi­ous range
  • H4
    • Price reached H4 QHi coin­cid­ing with H4 UKC in DT and start­ed fal­ter­ing (coin­cid­ing with inside of W1 QLo)
  • Trend
    • Trend is Down 3/3
  • Mar­ket Profile
    • 2 over­lap­ping val­ues with­in over­all range
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.32
    • 0.81xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day
    • 0.63x ASR IBR
    • Price opened at round num­ber 13000

Addi­tion­al Notes

  • EUR inter­est rate deci­sion today

Hypos

  • Hypo 1
    • Long
    • Return to Val­ue, pos­si­ble Rever­sal, pos­si­ble Failed Auction
  • Hypo 2
    • Short
    • Late-Sus­tained Auction
  • Hypo 3
    • Short
    • Failed Auc­tion
  • Hypo 4
    • 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

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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