Bear Market Trader | Premarket Prep DAX - London session
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20221111 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, with­in MN Base Sup­ply Level
    • MN QLo reject­ed, price trad­ing mid swing
  • W1
    • Price trad­ing took out W1 Sup­ply trad­ing above body, out­side range, near­ing W1-C‑S 14350.66
    • Price trad­ing with­in Wide W1 QLo

Nar­ra­tive

  • D1
    • D1 RBR took out D1 Sup­ply clos­ing deep with­in W1/D1 QHi
  • H4
    • Price slow­ing down below W1 Sup­ply trad­ing deep with­in Wide W1/D1/H4 QHi
  • Trend
    • Trend is UP 3/3
  • Mar­ket Profile 
    • Very Wide Val­ue cre­at­ed in a 4 day brack­et­ing range
  • LN Open
    • Prev. Day Exceed­ed ADR by 2.68
    • 1.64xASR Above Val­ue, Out­side Range
    • Huge Imbal­ance
    • ASR / ADR exhaus­tion not far above
    • Asia formed a Neu­tral Day but most­ly trad­ed higher
    • 0.48xASR IBR

Addi­tion­al Notes

  • Pos­si­ble Fri­day Profit-Taking

Hypos

  • Hypo 1
    • Short
    • Rever­sal, Pos­si­ble Failed Auction
  • Hypo 2
    • Short
    • Late-Sus­tained Auc­tion (huge Imbalance)
  • Hypo 3
    • Long
    • Failed Auc­tion, pos­si­ble continuation
  • Hypo 4
    • Long
    • Late-Sus­tained Auction

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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