20221221 Premarket Prep DAX - Bear Market Trader
This is my premarket prep for the London session.
day trade, day trading, forex, FX, trade plan, trading plan, DAX, DE30, DE30Cash, premarket prep, pre-market prep, tradingforex, traderlifestyle, daytraderlife,
14104
post-template-default,single,single-post,postid-14104,single-format-standard,vcwb,bridge,ajax_fade,page_not_loaded,,qode-title-hidden,side_area_uncovered_from_content,qode-theme-ver-9.5,hide_inital_sticky,wpb-js-composer js-comp-ver-4.12,vc_responsive

20221221 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, trad­ing at MN VWAP, with­in body, below MN Supply
  • W1
    • Price closed below Wide W1 QHi, made a LL, trad­ing with­in body

Nar­ra­tive

  • D1
    • D1 Ham­mer formed react­ing off D1 LKC in UT fail­ing to close with­in Wide W1/D1 QHi
  • H4
    • H4 VWAP in DT BO
    • H4 Bear Engulf at W1/D1 QHi
  • Trend
    • Trend is UP 2/3
  • Mar­ket Profile 
    • Val­ue below the pre­vi­ous with­in over­all range
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.35
    • 0.21xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia trad­ed higher
    • 0.36xASR IBR trad­ing low­er test­ing VAH
    • Round num­ber 14000 right above

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Long
    • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
  • Hypo 2
    • Long
    • Late-Sus­tained Auc­tion, risky trad­ing into QHi, pre­am­ble close above Asia high
  • Hypo 3
    • Short
    • Rever­sal, Pos­si­ble Failed Auction
  • Hypo 4
    • Short
    • 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

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

No Comments

Post A Comment

The maximum upload file size: 128 MB. You can upload: image, audio, video, document, spreadsheet, interactive, text, archive, code, other. Links to YouTube, Facebook, Twitter and other services inserted in the comment text will be automatically embedded. Drop files here