20221222 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,
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20221222 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, at MN VWAP, with­in MN Supply
  • W1
    • Price closed below Wide W1 QHi, cur­rent­ly trad­ing with­in body, with­in Wide W1 QHi 

Nar­ra­tive

  • D1
    • D1 Con­sol­i­da­tion and break high­er giv­ing D1-C‑D 13915.60 clos­ing with­in Wide W1/D1 QHi
  • H4
    • H4 VWAP in DT BO giv­ing H4-C‑D 13983.86 (with­in Val­ue at VAL)
  • Trend
    • Trend is UP 3/3
  • Mar­ket Profile 
    • Val­ue cre­at­ed above the pre­vi­ous, with­in over­all range
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.05
    • 0.51xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Asia trad­ed higher
    • 0.36xASR IBR

Addi­tion­al Notes

  • N.A. 

Hypos

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

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

  • 1

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay. Have some oth­er tasks to do. Might not trade.

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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