20220916 Premarket Prep DAX - Bear Market Trader
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20220916 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 con­sol­i­da­tion above demand, MN QLo
    • Price trad­ing with­in body after hav­ing ducked above
  • W1
    • W1 Bull Engulf reject­ing W1 QLo
    • Price made a HH near­ly test­ing W1-C‑S 13587.71 before price start­ed react­ing and is cur­rent­ly trad­ing with­in body near­ly test­ing new­ly formed W1 demand (coin­cid­ing with MN-C‑D 12767.98


  • D1
    • D1 Bear Engulf with con­tin­u­a­tion low­er return­ing to D1 Base demand lev­el and clos­ing below, deep with­in demand, with­in W1/D1 QLo
  • H4
    • H4 Phase 4 reject­ing H4 QHi, arriv­ing and clos­ing with­in H4 QLo
    • H4 DBD clos­ing deep­er with­in demand
  • Trend
    • Mixed Trend
  • Mar­ket Profile
    • 2 over­lap­ping values
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.09
    • 0.85xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbal­ance, although very close to a large imbalance
    • Asia trad­ed higher
    • 0.63xASR IBR

Addi­tion­al Notes

  • Pos­si­ble Fri­day Profit-Taking


  • Hypo 1
    • Long
    • Rever­sal, pos­si­ble Failed Auction
  • Hypo 2
    • Short
    • Late-Sus­tained Auction
  • Hypo 3
    • 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


Day trader. Tech geek. Sim Racing Enthusiast.

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