20221014 Premarket Prep DAX - Bear Market Trader
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20221014 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, price trad­ing with­in body again
  • W1
    • Price trad­ing above body, with­in range, pos­si­bly devel­op­ing a W1 Three Out­side Up


  • D1
    • Price retraced to a D1 Base Sup­ply lev­el at 12539.86 before but failed to push through to orig­i­nat­ing lev­el, now price is back trad­ing at the same level.
    • D1 QLo reject­ed, price trad­ing below D1 QHi, with­in D1-C‑S 12601.70
    • D1 50MA in DT right above
    • D1-C‑D 12174.26 with­in val­ue at VAL, at H4 QLo
  • H4
    • Price trad­ing at H4 QHi, trad­ing at H4 200MA in DT
    • Pos­si­bly devel­op­ing a H4 Three Out­side Down
  • Trend
    • Trend is Down 3/3
  • Mar­ket Profile
    • 4‑day brack­et with yes­ter­day being wider than usual
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.75
    • 0.83xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day but most­ly trad­ed higher
    • 0.68xASR IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Sus­tained Auc­tion, risky with con­ges­tion at IB low, pos­si­ble con­tin­u­a­tion through VAA, wide val­ue, pos­si­ble PPOC as target
  • Hypo 2
    • Long
    • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
  • Hypo 3
    • Short
    • Rever­sal, pos­si­ble ASR, ADR exhaus­tion, pos­si­ble Failed 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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