20220929 Premarket Prep DAX - Bear Market Trader
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20220929 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, trad­ing with­in MN demand, with­in MN QLo
  • W1
    • Price trad­ing below body, below range, with­in demand, with­in MN/W1 QLo


  • D1
    • D1 Bull Engulf with longer buy­ing wick
    • Price trad­ing with­in Wide MN/W1/D1 QLo
  • H4
    • Price bounced off H4 Sup­ply coin­cid­ing with H4 VWAP in DT TC return­ing to H4-C‑D 12000 (round num­ber) and H4 QLo
  • Trend
    • Trend is Down 3/3
  • Mar­ket Profile
    • Wide val­ue cre­at­ed below the pre­vi­ous brack­et­ing range
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.51
    • 0.45xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day but most­ly trad­ed lower
    • 1.07xASR Wide IBR
    • IB accept­ed and near­ly rotat­ed through val­ue exhaust­ing ADR & ASR, pos­si­ble uni­di­rec­tion­al day

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Val­ue Accep­tance, pos­si­ble con­tin­u­a­tion through late-sus­tained auction
  • Hypo 2
    • Long
    • Rever­sal, pos­si­ble Failed Auction
  • Hypo 3
    • Short
    • Weak­ness From With­in IBR
  • 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


Day trader. Tech geek. Sim Racing Enthusiast.

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