20221019 Premarket Prep DAX - Bear Market Trader
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20221019 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 start­ed react­ing and is cur­rent­ly trad­ing above body, with­in range, above MN QLo
  • W1
    • W1 Three Out­side Up with price trad­ing above body, above range, above W1 QLo
    • Price trad­ing at W1 Sup­ply Low in Dist. Curve coin­cid­ing with W1 VWAP in DT


  • D1
    • Price took out a D1 Sup­ply Base Lev­el, pos­si­ble probe of orig­i­nat­ing lev­el of 13165.38 although D1 UKC in DT in the way
    • Price took out D1 Swing high and estab­lished a new one. D1 QLo reject­ed, price trad­ing mid swing.
  • H4
    • D1/H4 QLo reject­ed, price trad­ing mid swing
    • H4 Phase 2 giv­ing H4-C‑D 12843.76 High in Dist. Curve, with­in val­ue at VAH then pre­mar­ket pro­ceed­ed to take it out.
  • Trend
    • Trend is Up 2/3
  • Mar­ket Profile
    • Val­ue cre­at­ed above the previous
  • LN Open
    • Prev. Day “Exceed­ed” ADR by 1.00
    • Open With­in Value
    • Asia formed a Neu­tral Day but most­ly trad­ed lower
    • 0.45xASR IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Long
    • Failed Auc­tion
  • Hypo 2
    • Short
    • Late-Sus­tained Auction
  • Hypo 3
    • Short
    • Weak­ness From With­in IBR (no Wide IBR)
  • Hypo 4
    • Long
    • 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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