20220623 Premarket Prep DAX - Bear Market Trader
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20220623 Premarket Prep DAX

23 Jun 20220623 Premarket Prep DAX

Posted at 09:01h in DAX, Trading Plan by
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#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:

DAX 2022 Week 25 Trad­ing Plan

The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Larg­er Timeframe

  • MN
    • Price made a LL and is cur­rent­ly trad­ing below body and range
  • W1
    • W1 Closed with­in W1 QLo and price is cur­rent­ly trad­ing below body

Nar­ra­tive

  • D1
    • D1 Evening Star giv­ing D1-C‑S 13245.64 Low in Dist. Curve
    • Price closed with­in some demand but failed to close with­in D1 QLo
    • Price is cur­rent­ly test­ing wide D1 QLo
  • H4
    • H4 Bull Engulf giv­ing H4-C‑D 13103.11 reject­ing H4 / D1 QLo with no direct follow-through
    • Instead a Three Inside Down return­ing to H4 QLo with a pos­si­ble base formed and clos­ing with­in new­ly formed H4 demand
  • Trend
    • Strong DT 3/3
  • Mar­ket Profile
    • Val­ue cre­at­ed extend­ed below the previous
  • LN Open
    • Prev. Day Exceed­ed ADR by 1.10
    • 0.27xASR Above Val­ue, Out­side Range (actu­al­ly right on the edge)
    • Mod­er­ate to Large Imbalance
    • Asia extend­ed and trad­ed higher
    • A accept­ed and rotat­ed through val­ue tak­ing out H4 demand, cur­rent­ly trad­ing at OLD H4 demand
    • 0.79xASR IBR
    • Price trad­ing at round num­ber 13000

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Short
    • Weak­ness From With­in IBR
  • Hypo 2
    • Long
    • Failed Auc­tion
  • Hypo 3
    • Short
    • Late-Sus­tained Auction
  • Hypo 4
    • Long
    • Auc­tion Fade

Clar­i­ty

  • 4

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay although a bit tired

Focus Points for trad­ing development

  • Month­ly Goals
    • Either hit SL or tar­get, reassess after Trad­ing Win­dow Close
    • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
  • Risk Man­age­ment
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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