20221208 Premarket Prep DAX - Bear Market Trader
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20221208 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 made a LL and is trad­ing below body, out­side range, below W1 supply

Nar­ra­tive

  • D1
    • Price closed low­er although leav­ing equal-long buying/selling wicks fail­ing to close with­in D1 demand HiDC, trad­ing above it
    • Price trad­ing with­in Wide W1/D1 QHi
  • H4
    • Pos­si­ble H4 Phase 1 / 3
    • H4 Bull­ish Inside Bar formed in premarket
  • Trend
    • Trend is Up 2/3
  • Mar­ket Profile 
    • Val­ue cre­at­ed below the previous
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.01
    • Open With­in Value
    • Asia trad­ed low­er but reversed
    • 0.37xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Long
    • Failed Auc­tion
  • Hypo 2
    • Short
    • Failed Auc­tion
  • Hypo 3
    • Short
    • Late-Sus­tained Auction
  • Hypo 4
    • Long
    • 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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