20220920 Premarket Prep DAX - Bear Market Trader
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20220920 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
  • 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 with­in body, above demand, after hav­ing made a LL

Nar­ra­tive

  • D1
    • D1 Bull Engulf with longer buy­ing wick fail­ing to close above D1 QLo
  • H4
    • Big H4 Bull Engulf giv­ing H4-C‑D 12723.94 above VAH, reject­ing H4 QLo, price trad­ing mid swing
    • Price reached a H4 Base Sup­ply lev­el and start­ed fal­ter­ing from Inside D1 QLo
  • Trend
    • Trend is Down 3/3
  • Mar­ket Profile
    • Val­ues in DT
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.28
    • 0.58xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day
    • 0.44xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Short
    • Late-Sus­tained Auc­tion, pos­si­ble continuation
  • Hypo 2
    • Long
    • Return to Val­ue, Rever­sal, Pos­si­ble 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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