Bear Market Trader | Premarket Prep DAX - London session
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20221115 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 closed deep with­in Wide W1 QHi, below W1 Supply
    • Price made a HH and is now trad­ing above body, with­in range

Nar­ra­tive

  • D1
    • D1 con­sol­i­da­tion with­in Wide W1/D1 QHi
  • H4
    • Slow­down of price with­in Wide W1/D1/H4 QHi
    • Pos­si­ble H4 Phase 1 / 3
    • H4 Three Out­side Up formed at H4-C‑D 14246.74 HiDC
  • Trend
    • Trend is UP 3/3
  • Mar­ket Profile 
    • Val­ue cre­at­ed above the previous
  • LN Open
    • 0.33xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia trad­ed higher
    • 0.47xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Long
    • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
  • Hypo 2
    • Short
    • Val­ue Accep­tance, risky with demand with­in val­ue, pos­si­ble continuation
  • Hypo 3
    • Long
    • Auc­tion Fade, although risky with a Val­ue Accep­tance play there might be a push from H4 VWAP in UT

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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