Bear Market Trader | Premarket Prep DAX - London session
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20221108 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, out­side range
  • W1
    • Price made a HH test­ing W1-C‑S 13587.71 and is now trad­ing above body, with­in range
    • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

  • D1
    • Price trad­ing with­in Wide D1 QHi above D1 200MA in DT
  • H4
    • Price trad­ing with­in Wide D1/H4 QHi con­sol­i­dat­ing below W1-C‑S 13587.71
    • H4-C‑D 13440.02 HiDC at D1 QHi
  • Trend
    • Trend is Up 2/3
  • Mar­ket Profile 
    • Val­ue cre­at­ed above the previous
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.02
    • 0.06xASR Below Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia trad­ed lower
    • 0.35xASR IBR, B TPO accept­ed value

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Short
    • Return to Val­ue, Rever­sal, pos­si­ble Failed Auction
  • Hypo 2
    • Long
    • Val­ue Accep­tance, risky with (W1) sup­plies with­in value 
  • Hypo 3
    • Short
    • Rever­sal, Auc­tion Fade risky in case of full rota­tion through value

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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