20221101 Premarket Prep DAX - Bear Market Trader
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20221101 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 then closed high­er as a MN Bull Engulf giv­ing MN-C‑D 12767.11 reject­ing MN QLo clos­ing with­in MN Sup­ply base
  • W1
    • MN/W1 QLo reject­ed and price closed high­er at W1 200MA with­in W1 Sup­ply LiDC


  • D1
    • Price closed with­in D1-C‑S 13164.54 and is near­ing D1 200MA
    • Price trad­ing above D1 UKC
  • H4
    • H4-C‑D 13278.17 HiDC (with­in val­ue below VAH) cre­at­ed above H4 VWAP in UT
  • Trend
    • Trend is Up 2/3
  • Mar­ket Profile
    • Val­ue cre­at­ed above the pre­vi­ous range
  • LN Open
    • NY wider than LN
    • 0.61xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia trad­ed higher
    • 0.18xASR Tight IBR
    • C TPO extend­ed below but then shot up and already formed a Neu­tral Day

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Long
    • Failed Auc­tion, pos­si­bil­i­ty for con­tin­u­a­tion due to Tight IBR
  • Hypo 2
    • Short
    • Rever­sal
  • Hypo 3
    • Short
    • Auc­tion Fade

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

  • 1

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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