Bear Market Trader | Premarket Prep DAX - London session
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20221021 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
    • W1 Three Out­side Up with con­tin­u­a­tion test­ing W1-C‑S 12779.21 Low in Dist. Curve and W1 VWAP in DT and is see­ing a reaction
    • Price trad­ing above MN/W1 QLo

Nar­ra­tive

  • D1
    • D1 Bear Engulf with slight con­tin­u­a­tion lower
    • D1 QLo reject­ed, price trad­ing mid swing
  • H4
    • H4 QHi reject­ed, price trad­ing mid swing
  • Trend
    • Trend is Up 2/3
  • Mar­ket Profile
    • Val­ues in DT
  • LN Open
    • 0.01xASR Below Val­ue, With­in Range, Ambigu­ous open
    • Mod­er­ate Imbalance
    • Asia formed a Neu­tral Day trad­ing sideways
    • 0.48xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Short
    • Return to Val­ue, Rever­sal, pos­si­ble Failed Auction
  • Hypo 2
    • Long
    • Failed Auc­tion, mon­i­tor for a late VAA continuation
  • Hypo 3
    • Short
    • Sus­tained Auction
  • 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

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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