20221006 Premarket Prep DAX - Bear Market Trader
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20221006 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, above MN QLo
  • W1
    • Price is trad­ing above body, above range, near­ing W1-C‑S 12779.21, trad­ing above MN/W1 QLo


  • D1
    • D1 Ham­mer below D1 QHi
    • Retrace­ment to D1 Sup­ply Base level
  • H4
    • H4 200MA in DT (and old H4 sup­ply) coin­cid­ing with W1 Supply
    • H4 Bull Engulf giv­ing H4-C‑D 12587.24 High in Dist. Curve, price trad­ing deep­er with­in Wide H4 QHi
    • H4 Bear Engulf at D1 QHi cur­rent­ly test­ing new­ly formed H4 demand High in Dist. Curve
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • 2 over­lap­ping val­ues after UT
  • LN Open
    • Open With­in Value
    • Asia trad­ed higher
    • 0.30xASR IBR
    • A closed above VAH

Addi­tion­al Notes

  • NFP tomor­row


  • Hypo 1
    • Short
    • Failed Auc­tion
  • Hypo 2
    • Long
    • Failed Auc­tion
  • Hypo 3
    • Short
    • Late-Sus­tained Auction
  • Hypo 4
    • Long
    • Late-Sus­tained Auction

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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