20221128 Premarket Prep DAX - Bear Market Trader
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20221128 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 Sup­ply, at MN VWAP
  • W1
    • Price closed high­er with­in sup­ply as a spin­ning top, cur­rent­ly trad­ing with­in body
    • Price trad­ing with­in Wide W1 QHi

Nar­ra­tive

  • D1
    • Price slow­ly creep­ing high­er although a Doji formed below D1 Supply
    • Price test­ing D1-C‑D 14481.22 HiDC
    • Price trad­ing with­in Wide W1/D1 QHi
  • H4
    • Extend­ed Pos­si­ble H4 Phase 1 / 3
  • Trend
    • Trend is UP 3/3
  • Mar­ket Profile 
    • 2 over­lap­ping val­ues cre­at­ed above the pre­vi­ous over­all range
  • LN Open
    • Price gap down over the weekend
    • 0.38xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia trad­ed lower
    • 0.40xASR IBR

Addi­tion­al Notes

  • N.A. 

Hypos

  • Hypo 1
    • Short
    • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
  • Hypo 2
    • Long
    • Failed Auc­tion
  • Hypo 3
    • Short
    • Late-Sus­tained Auction
  • 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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