20221004 Premarket Prep DAX - Bear Market Trader
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20221004 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 made a LL but is cur­rent­ly trad­ing with­in body, with­in Wide MN QLo, with­in Wide MN Demand
  • W1
    • Price trad­ing above body but with­in range, with­in Wide MN/W1 QLo, with­in Wide W1 demand


  • D1
    • Big D1 Three Out­side Up cur­rent­ly test­ing D1-C‑S 12229.33 Low in Dist. Curve
    • Price trad­ing with­in Wide MN/W1/D1 QLo
  • H4
    • H4 RBR at H4 50MA in DT BO
    • Price cur­rent­ly trad­ing at old H4 sup­ply coin­cid­ing with H4 UKC in DT, and H4 QHi
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • 4‑day brack­et
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.50
    • Price took out D1 Supply
    • 1.30xASR Above Val­ue, Out­side Range
    • Huge Imbal­ance
    • Asia extend­ed and trad­ed higher
    • 0.44xASR IBR
    • Price near­ing D1 VWAP in DT, round num­ber of 12500

Addi­tion­al Notes

  • N.A.


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


Day trader. Tech geek. Sim Racing Enthusiast.

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