Bear Market Trader | Premarket Prep DAX - London session
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20220919 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 below body but with­in range
  • W1
    • W1 Bull Engulf reject­ing W1 QLo, fol­lowed by a W1 Bear­ish Inside Bar that failed to close with­in new­ly formed demand but closed with­in W1 QLo
    • Price trad­ing below body, with­in range

Nar­ra­tive

  • D1
    • Pos­si­ble D1 Phase 4 retrac­ing to D1 Demand Base lev­el and con­se­quent­ly almost took out said demand but closed as a D1 Ham­mer with­in Wide D1 QLo
  • H4
    • Price trad­ing at W1-MN-C‑D 12767.98
    • Pos­si­ble H4 Phase 1 / 3, DBD giv­ing H4-C‑S 12854.92 BASE
    • Price trad­ing with­in Wide H4 QLo
  • Trend
    • Mixed Trend, trend change: Trend is Down 3/3
  • Mar­ket Profile
    • Val­ues in DT
  • LN Open
    • Open With­in Value
    • Asia formed a Neu­tral Day but most­ly trad­ed lower
    • 0.45xASR IBR
    • Open at D1 Demand

Addi­tion­al Notes

  • N.A.

Hypos

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