20221110 Premarket Prep DAX - Bear Market Trader
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20221110 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 is trad­ing above body, out­side range
    • MN QLo reject­ed, price trad­ing mid swing
  • W1
    • Price trad­ing above body, out­side range, although with­in W1 Supply
    • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

  • D1
    • D1 Bear­ish Inside Bar with­in Wide D1 QHi
  • H4
    • Pos­si­ble H4 Phase 2, price trad­ing at H4 VWAP in UT pos­si­ble TC
  • Trend
    • Trend is Up 2/3
  • Mar­ket Profile 
    • 3 over­lap­ping values
  • LN Open
    • Open With­in Value
    • Asia formed a Neu­tral Day but most­ly trad­ed higher
    • 0.51xASR IBR with A and B TPO clos­ing above VAH although B TPO closed as a long-legged Doji (longer sell­ing wick)

Addi­tion­al Notes

  • N.A.

Hypos

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

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

  • 1

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay, a bit rushed due to oth­er work

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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