20221018 Premarket Prep DAX - Bear Market Trader
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20221018 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 ducked above body, with­in range, above MN QLo, above MN demand
  • W1
    • W1 Three Out­side Up, price trad­ing above body, above range, above MN/W1 QLo trad­ing at W1-C-S12779.21 Low in Dist. Curve

Nar­ra­tive

  • D1
    • D1 RBR clos­ing above D1 50MA in DT with­in Wide D1 QHi
    • Price is test­ing W1/D1 Supply
  • H4
    • H4 RBR although high in dist. Curve
    • Price trad­ing with­in Wide H4 QHi
  • Trend
    • Trend is Up 2/3
  • Mar­ket Profile
    • Wider than usu­al val­ue cre­at­ed over­lap­ping the pre­vi­ous value
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.29
    • 0.90xASR Above Val­ue, Out­side Range
    • Large Imbal­ance
    • Asia formed a Neu­tral Day but most­ly trad­ed higher
    • 0.45xASR IBR
    • C TPO has already extend­ed IB to the upside

Addi­tion­al Notes

  • N.A.

Hypos

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

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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