20220922 Premarket Prep DAX - Bear Market Trader
day trade, day trading, forex, FX, trade plan, trading plan, DAX, DE30, DE30Cash, premarket prep, pre-market prep, tradingforex, traderlifestyle, daytraderlife,

20220922 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
    • Price trad­ing below body, below range
    • Price trad­ing at MN QLo
  • W1
    • Price trad­ing below body, with­in range after hav­ing made a LL
    • Price trad­ing with­in Wide W1 QLo


  • D1
    • 2nd chance entry test of new­ly formed D1-C‑S 12775.80 Low in Dist. Curve
    • Price came close to tak­ing out D1 Swing low, cur­rent­ly still trad­ing with­in Wide D1 QLo
  • H4
    • H4 Bull Engulf at W1 demand
  • Trend
    • Trend is Down 3/3
  • Mar­ket Profile
    • 4‑day brack­et­ing although slop­ing lower
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.32
    • 0.29 xASR Below Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia trad­ed lower
    • A TPO accept­ed val­ue, B TPO rotat­ed through val­ue clos­ing above VAH exhaust­ing ADR
    • ASR exhaus­tion not far above
    • 0.94xASR Wide IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Failed Auc­tion, risky due to Val­ue Accep­tance, pos­si­ble Rever­sal with or with­out ASR Exhaustion
  • Hypo 2
    • Long
    • Strength From With­in IBR (pos­si­bil­i­ty for no IB exten­sion play)

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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