Bear Market Trader | Premarket Prep DAX - London session
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20221117 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, trad­ing near MN VWAP
    • MN QLo reject­ed, price trad­ing mid swing
  • W1
    • Price made a HH test­ing W1 Sup­ply and is now trad­ing below sup­ply, above body, with­in range
    • Price trad­ing with­in Wide W1 QHi

Nar­ra­tive

  • D1
    • Price slow­down, con­sol­i­da­tion through Long-Legged Dojis with­in Wide W1/D1 QHi
  • H4
    • Pos­si­ble H4 Phase 1 / 3
  • Trend
    • Trend is UP 3/3
  • Mar­ket Profile 
    • 3 over­lap­ping values
  • LN Open
    • Prev. Day trad­ed 0.96xADR, pos­si­ble Momen­tum (ADR)
    • 0.15xASR Above Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia formed a Neu­tral Day but most­ly trad­ed higher
    • 0.38xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Long
    • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
  • Hypo 2
    • Short
    • Val­ue Acceptance
  • Hypo 3
    • Short
    • Rever­sal, Auc­tion Fade
  • 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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