20221109 Premarket Prep DAX - Bear Market Trader
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20221109 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
    • MN QLo reject­ed, price trad­ing mid swing
  • W1
    • Price trad­ing above body, out­side range, with­in W1-C‑S 13587.71
    • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

  • D1
    • Pos­si­ble D1 Phase 4
    • Price trad­ing above D1 200MA, closed with­in W1 Supply
  • H4
    • H4 stair­case for­ma­tion clos­ing high­er giv­ing H4-C‑D 13500 HiDC, con­sol­i­da­tion with­in W1 Supply
    • Price trad­ing with­in Wide H4/D1 QHi
  • Trend
    • Trend is UP 2/3
  • Mar­ket Profile 
    • 2 over­lap­ping val­ues in UT
  • LN Open
    • Prev. Day trad­ed 0.98xADR, pos­si­ble momentum
    • 0.17xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia trad­ed lower
    • 0.46xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Long
    • Return to Val­ue, Rever­sal, pos­si­ble Failed Auction
  • Hypo 2
    • Short
    • Val­ue Acceptance
  • Hypo 3
    • Long
    • Late-Sus­tained Auc­tion, prefer­ably take out Asia high, tricky with yesterday’s high right above
  • 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

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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