Bear Market Trader | Premarket Prep DAX - London session
day trade, day trading, forex, FX, trade plan, trading plan, DAX, DE30, DE30Cash, premarket prep, pre-market prep, tradingforex, traderlifestyle, daytraderlife,
12431
post-template-default,single,single-post,postid-12431,single-format-standard,vcwb,bridge,ajax_fade,page_not_loaded,,qode-title-hidden,side_area_uncovered_from_content,qode-theme-ver-9.5,hide_inital_sticky,wpb-js-composer js-comp-ver-4.12,vc_responsive

20221103 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 HH but is now trad­ing with­in body
    • MN QLo reject­ed, price trad­ing mid swing
  • W1
    • Price trad­ing at W1 200MA, back with­in body
    • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

  • D1
    • D1 Bear Engulf giv­ing D1-C‑S 13266.35 react­ing off D1 200MA with­in D1 Sup­ply fail­ing to close below D1 QHi although did close below D1 Supply
  • H4
    • H4 QHi reject­ed, price trad­ing mid swing
    • H4 Inside Bar from with­in D1 QLo coin­cid­ing with Old H4 demand
  • Trend
    • Trend is Up 2/3
  • Mar­ket Profile
    • Val­ue cre­at­ed below the previous
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.47
    • 0.92xASR Below Val­ue, Out­side Range
    • Large Imbal­ance
    • Asia trad­ed higher
    • 0.36xASR IBR

Addi­tion­al Notes

  • NFP tomor­row

Hypos

  • Hypo 1
    • Long
    • Sus­tained Auction
  • Hypo 2
    • Short
    • Failed Auc­tion, pos­si­ble continuation
  • Hypo 3
    • Short
    • Rever­sal, 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.

No Comments

Post A Comment

The maximum upload file size: 128 MB. You can upload: image, audio, video, document, spreadsheet, interactive, text, archive, code, other. Links to YouTube, Facebook, Twitter and other services inserted in the comment text will be automatically embedded. Drop files here