20221215 Premarket Prep DAX - Bear Market Trader
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20221215 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 made a HH almost tak­ing out MN Sup­ply and is now trad­ing with­in body, at MN VWAP
  • W1
    • W1 Bear Engulf sup­ply tak­en out, price now trad­ing with­in body, below W1-C‑S 14350.66, with­in Wide W1 QHi

Nar­ra­tive

  • D1
    • Pos­si­ble D1 Phase 1 / 3
    • D1 Bear­ish Inside Bar
  • H4
    • Pos­si­ble H4 Phase 1 / 3
    • Con­sol­i­da­tion break down giv­ing H4-C‑S 14455.20 to DBD giv­ing H4-C‑S 14400.61 BASE with­in val­ue at VAL
  • Trend
    • Trend is UP 3/3
  • Mar­ket Profile 
    • Extend­ed balancing
  • LN Open
    • 0.31xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Open below yes­ter­day low
    • Asia trade side­ways, slight­ly extend­ed below
    • 0.43xASR IBR, ADR exhaus­tion right below, above H4 QLo

Addi­tion­al Notes

  • Inter­est Rate Deci­sions today

Hypos

  • Hypo 1
    • Short
    • Return to Val­ue, Rever­sal, pos­si­ble Failed Auction
  • Hypo 2
    • Short
    • Late-Sus­tained Auction
  • Hypo 3
    • Long
    • Failed Auc­tion
  • Hypo 4
    • Long
    • Auc­tion Fade

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

  • 1

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay, but tak­ing it easy

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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