20221026 Premarket Prep DAX - Bear Market Trader
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20221026 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 trad­ing above Body, with­in range, with­in new­ly formed Sup­ply Low in Dist. Curve.
  • W1
    • W1 Three Out­side Up with con­tin­u­a­tion clos­ing with­in W1 Sup­ply Low in Dist. Curve and above MN/W1 QLo
    • Price trad­ing above body, out­side range

Nar­ra­tive

  • D1
    • D1 closed high­er cur­rent­ly test­ing Wide D1 QHi
  • H4
    • H4 Bull Engulf at H4 VWAP in UT TC with con­tin­u­a­tion high­er near­ing H4/D1 QHi
  • Trend
    • Trend is UP 2/3
  • Mar­ket Profile
    • 2 wider over­lap­ping values
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.24
    • NY wider than LN
    • 0.62xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia trad­ed higher
    • 0.42xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

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