20230424 Premarket Prep DAX - Bear Market Trader
This is my premarket prep for the London session.
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20230424 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:

Above Body — Above Range — With­in Sup­ply — With­in QHi -

W1 price trading:

With­in Body — With­in QHi — Wide Q — 

Nar­ra­tive

  • D1
    • D1 demand HiDC below D1 Supply
    • Trad­ing with­in Wide D1 QHi
  • H4
    • Big H4 Bull Engulf giv­ing H4-C‑D 15777.06 at VAH
  • Trend
    • Trend is UP 3/3
  • Mar­ket Profile 
    • 2 over­lap­ping values
  • LN Open
    • 0.64xASR Above Val­ue — Out­side Range
    • Mod­er­ate to Large Imbalance
    • Prev. Day Exceed­ed ADR by 1.70
    • Asia trad­ed lower

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Short
    • Failed Auc­tion
  • Hypo 2
    • Long
    • Late-Sus­tained Auction
  • Hypo 3
    • Short
    • Auc­tion Fade

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

  • 1

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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