20221107 Premarket Prep DAX - Bear Market Trader
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20221107 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
    • MN Bull Engulf reject­ing MN QLo clos­ing with­in some Base supply
  • W1
    • W1 Sup­ply End 13556.30 almost got tak­en out but price closed as a Ham­mer although anoth­er sup­ply right above at W1-C‑S 13587.71
    • W1 QLo reject­ed, price trad­ing mid swing


  • D1
    • Big push high­er giv­ing D1-C‑D 13122.59 (with­in val­ue) clos­ing deep­er with­in Wide D1 Sup­ply / D1 QHi almost tak­ing it out
  • H4
    • Price trad­ing with­in Wide D1/H4 QHi
  • Trend
    • Trend is Up 2/3
  • Mar­ket Profile 
    • Wide val­ue cre­at­ed above the pre­vi­ous although still with­in over­all range
  • LN Open
    • Prev. Day Exceed­ed ADR by 2.03
    • Open With­in Value
    • Asia formed a Neu­tral Day
    • 0.86xASR Wide IBR tak­ing out W1 Sup­ply End

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Failed Auc­tion
  • Hypo 2
    • Long
    • Strength From With­in IBR
  • Hypo 3
    • Short
    • Rever­sal, Auc­tion Fade
  • Hypo 4
    • Long
    • Late-Sus­tained Auction

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

  • 3

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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