20221216 Premarket Prep DAX - Bear Market Trader
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20221216 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, see­ing some reac­tion at MN VWAP cur­rent­ly trad­ing below MN Supply
  • W1
    • Price made a HH but start­ed react­ing with­in W1 Sup­ply and is now trad­ing below body, below range, below Wide W1 QHi


  • D1
    • Huge D1 Three Inside Down clos­ing well below pre­vi­ous over­all range, above D1 50MA in UT, fail­ing to close below Wide W1/D1 QHi
  • H4
    • Some con­sol­i­da­tion from with­in W1/D1 QHi 
  • Trend
    • Trend is up 2/3
  • Mar­ket Profile 
    • Wide val­ue cre­at­ed below the previous 
  • LN Open
    • Prev. Day Exceed­ed ADR by 2.48
    • 1.31xASR Below Val­ue, Out­side Range
    • Huge Imbal­ance
    • Asia trad­ed higher
    • 0.80xASR Wide IBR
    • Pos­si­ble Fri­day Profit-Taking

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Long
    • Failed Auc­tion
  • Hypo 2
    • Short
    • Weak­ness From With­in IBR
  • Hypo 3
    • Short
    • Late-Sus­tained Auction
  • Hypo 3
    • 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


Day trader. Tech geek. Sim Racing Enthusiast.

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