Bear Market Trader | Premarket Prep DAX - London session
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20221116 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, at MN VWAP
    • MN QLo reject­ed, price trad­ing mid swing
  • W1
    • Price trad­ing above body, out­side range, just below W1-C‑S 14350.66
    • Price trad­ing with­in Wide W1 QHi

Nar­ra­tive

  • D1
    • Some con­sol­i­da­tion with­in Wide W1/D1 QHi
  • H4
    • Pos­si­ble H4 Phase 1 / 3
    • H4 Bull Engulf giv­ing H4-C‑D 14258.29 HiDC just below VAL
  • Trend
    • Trend is UP 3/3
  • Mar­ket Profile 
    • 2 over­lap­ping values
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.26
    • 0.01xASR Above Val­ue, With­in Range, Ambigu­ous open
    • Mod­er­ate Imbalance
    • Asia trad­ed higher
    • 0.34xASR IBR
    • A TPO closed with­in Value

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Short
    • Val­ue Acceptance
  • Hypo 2
    • Long
    • Failed Auc­tion
  • Hypo 3
    • Long
    • Auc­tion Fade, pos­si­ble Failed Auc­tion hybrid

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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