20221207 Premarket Prep DAX - Bear Market Trader
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20221207 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 with­in body, with­in MN Sup­ply, at MN VWAP
  • W1
    • Price trad­ing below body, out­side range mak­ing a LL
    • Price ducked below W1 Sup­ply, still trad­ing with­in Wide W1 QHi

Nar­ra­tive

  • D1
    • Pos­si­ble D1 Phase 3, price closed below D1 VWAP in UT but failed to close with­in D1 demand HiDC
    • Price trad­ing with­in Wide W1/D1 QHi
  • H4
    • Some con­sol­i­da­tion below H4 LKC, price closed below pre­vi­ous range
  • Trend
    • Trend is UP 2/3
  • Mar­ket Profile 
    • 4th over­lap­ping val­ue although slop­ing down
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.47
    • 0.87xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day
    • 0.62xASR IBR

Addi­tion­al Notes

  • N.A. 

Hypos

  • Hypo 1
    • Short
    • Rever­sal, pos­si­ble Failed Auc­tion, pos­si­ble Return to Value
  • Hypo 2
    • Long
    • Late-Sus­tained Auc­tion, mon­i­tor for val­ue acceptance
  • 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.

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