20221122 Premarket Prep DAX - Bear Market Trader
day trade, day trading, forex, FX, trade plan, trading plan, DAX, DE30, DE30Cash, premarket prep, pre-market prep, tradingforex, traderlifestyle, daytraderlife,
12998
post-template-default,single,single-post,postid-12998,single-format-standard,bridge,ajax_fade,page_not_loaded,,qode-title-hidden,side_area_uncovered_from_content,qode-theme-ver-9.5,hide_inital_sticky

20221122 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, test­ing MN VWAP CAR
  • W1
    • W1 Ham­mer for­ma­tion clos­ing with­in W1-C‑S 14350.66
    • Price trad­ing with­in body, with­in sup­ply, with­in Wide W1 QHi

Nar­ra­tive

  • D1
    • Price show­ing a slow down with­in Wide W1/D1 QHi
    • Price formed demand giv­ing D1-C‑D 14256.93 HiDC
  • H4
    • Extend­ed H4 Phase 1 / 3
    • Pre­mar­ket closed lower
  • Trend
    • Trend is UP 3/3
  • Mar­ket Profile 
    • Val­ue cre­at­ed just below the pre­vi­ous (touch­ing), price trad­ing with­in over­all range
  • LN Open
    • Open With­in Value
    • Asia formed a Neu­tral Day but most­ly trad­ed lower
    • A TPO closed above VAH
    • 0.31xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Short
    • Failed Auc­tion
  • Hypo 2
    • Long
    • Late-Sus­tained Auction
  • Hypo 3
    • Short
    • Auc­tion Fade

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

  • 1

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.

No Comments

Post A Comment