20221027 Premarket Prep DAX - Bear Market Trader
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20221027 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 MN Sup­ply LiDC, above MN QLo
  • W1
    • Price trad­ing above body, above range, with­in W1 Sup­ply LiDC, above W1 VWAP in DT
    • MN/W1 QLo reject­ed, price trad­ing mid swing


  • D1
    • Price closed high­er although failed to close with­in D1-C‑S 13165.38 but did close with­in Wide D1 QHi
    • D1 VWAP in DT BO to CAS, pos­si­ble continuation
  • H4
    • H4-C‑D 13048.86 at H4 VWAP/UKC in UT TC
    • H4 con­sol­i­da­tion with­in D1/H4 QHi
  • Trend
    • Trend is UP 2/3
  • Mar­ket Profile
    • Val­ue cre­at­ed above the previous
  • LN Open
    • Prev. Day trad­ed 0.99xASR, pos­si­ble ADR momentum
    • NY wider than LN, move of the day might hap­pen dur­ing NY
    • 0.06xASR Above Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia trad­ed lower
    • 0.25xASR Tight IBR

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Long
    • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auc­tion, pos­si­ble continuation
  • Hypo 2
    • Short
    • Val­ue Accep­tance, pre­ferred to take out LTF demand at VAH first
  • Hypo 3
    • Long
    • Sus­tained Auc­tion, very risky, would need to clear Asia high
  • 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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