20221220 Premarket Prep DAX - Bear Market Trader
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20221220 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 before react­ing (coin­cid­ing with MN VWAP), trad­ing below MN supply
  • W1
    • Price closed below Wide W1 QHi, price trad­ing below body, out­side range

Nar­ra­tive

  • D1
    • Price closed below Wide W1/D1 QHi
    • Some con­sol­i­da­tion and pos­si­ble devel­op­ing con­tin­u­a­tion break down
    • Price trad­ing at D1 LKC in UT, D1 Demand Base not far below
  • H4
    • H4 DBD giv­ing H4-C‑S 13885.22 BASE
    • H4 Inside Bar with longer buy­ing wick react­ing off D1 LKC in UT (near­ing D1 Demand Base)
  • Trend
    • Trend is UP 2/3
  • Mar­ket Profile 
    • Val­ue cre­at­ed just above the previous
  • LN Open
    • 0.72xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia formed a Neu­tral Day but most­ly trad­ed down exhaust­ing ADR
    • 0.67xASR IBR

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Short
    • Return to Val­ue, Rever­sal, pos­si­ble Failed Auction
  • Hypo 2
    • Long
    • Late-Sus­tained Auc­tion, risky, mon­i­tor for VAA
  • Hypo 3
    • Short
    • Auc­tion Fade, risky

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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