20220930 Premarket Prep DAX - Bear Market Trader
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20220930 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, with­in demand, with­in Wide MN QLo
  • W1
    • Price trad­ing below body, below range, with­in demand, with­in Wide MN/W1 QLo

Nar­ra­tive

  • D1
    • D1 Bear Engulf giv­ing D1-C‑S 12114.18 Low in Dist. Curve
    • Price trad­ing with­in Wide MN/W1/D1 QLo
  • H4
    • H4 QLo rejec­tion coin­cid­ing with Round No. 12000
    • Price trad­ing at H4 VWAP in DT
  • Trend
    • Trend is Down 3/3
  • Mar­ket Profile
    • 2 over­lap­ping values
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.37
    • Open With­in Value
    • Open at new­ly formed D1 Supply
    • Asia trad­ed down
    • 0.43xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Short
    • Failed Auc­tion, pos­si­ble 3‑I Day continuation
  • Hypo 2
    • Long
    • Late-Sus­tained Auction
  • Hypo 3
    • Long
    • Auc­tion Fade
  • Hypo 4
    • Short
    • Auc­tion Fade

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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