20221005 Premarket Prep DAX - Bear Market Trader
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20221005 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 trad­ing with­in body
  • W1
    • Price is trad­ing above body, above range, trad­ing above MN/W1 QLo
    • W1-C‑S 12779.21 right above


  • D1
    • Price trad­ing at D1 VWP in DT coin­cid­ing with D1 QHi
    • Price closed above D1 Sup­ply base level
  • H4
    • Price slow­down with­in with­in Wide H4 QHi
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • Wide val­ue cre­at­ed extend­ed above the previous
  • LN Open
    • Prev. Day Exceed­ed ADr by 1.42
    • 0.01xASR Above Val­ue, With­in Range, Ambigu­ous open
    • Mod­er­ate Imbalance
    • Asia formed a Neu­tral Day
    • 0.35xASR IBR

Addi­tion­al Notes

  • N.A. 


  • Hypo 1
    • Short
    • Val­ue Accep­tance, risky with demand with­in value
  • Hypo 2
    • Long
    • Return to Val­ue, Rever­sal, Failed Auction
  • Hypo 3
    • Long
    • Sus­tained Auc­tion, would need to clear Asia high
  • Hypo 4
    • Short
    • 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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