Bear Market Trader | Premarket Prep DAX - London session
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20210721 Premarket Prep DAX

20210721 Premarket Prep DAX

#Fin­twit #Order­flow #day­trad­ing #day­trade #forex #FX #trade­plan #trad­ing­plan #trad­ing­forex #trad­inglifestyle #day­trader­life #index #indices #DAX #DE30Cash

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

Com­pared against Week­ly Trad­ing Plan

  • Price trad­ing below last month’s body and range
  • W1 Bear Engulf with con­tin­u­a­tion (although no close yet) and price is cur­rent­ly trad­ing with­in W1 demand at W1 VWAP in UT.
Click to Enlarge

Non-con­jec­ture obser­va­tions of the market

  • Price action
    • D1 Phase 4 fol­lowed by an Inside Bar react­ing off D1-C‑D 15127.39
    • H4 Bull Engulf react­ing off D1 demand clos­ing above H4 QLo fol­lowed by a con­sol­i­da­tion and break down giv­ing H4-C‑S 15261.58 at H4 VWAP in DT but did not close with­in new­ly formed H4 demand.
  • Trend: H4 Down, D1 Up, W1 Up
    • Pre­vail­ing trend: Trend is UP 2/3
  • Mar­ket Profile
    • 2‑day brack­et­ing indi­cat­ing a slowdown 
  • Dai­ly Range
    • ADR: 19708
    • ASR: 15894
      • 3975
    • Day
      • Yes­ter­day’s High 15299.70
      • Yes­ter­day’s Low 15092.50


  • LN open
    • Above Val­ue, With­in Range
  • Open dis­tance to value
    • 0.22xASR
  • Nar­ra­tive
    • Mod­er­ate Imbal­ance. D1 Q points got acti­vat­ed and cur­rent­ly is trad­ing mid swing. Pos­si­ble tran­si­tion to W1 Phase 4 so H4/D1 QLo could prove a mere road block. Asia closed as a Bull­ish Inside Bar or pos­si­bly a con­sol­i­da­tion at H4 VWAP in DT. 
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Val­ue Accep­tance, sus­tained auc­tion down
  • Hypo 2
    • VAH Rever­sal, pos­si­ble Failed Auc­tion Long
  • Hypo 3
    • Auc­tion Fade Long, vari­a­tion to Hypo 1
  • Hypo 4
    • Auc­tion Fade Short, vari­a­tion to Hypo 2

Addi­tion­al notes

  • Cap­i­tal Preser­va­tion Rule in effect

ZOIs for Pos­si­ble Shorts

  • Not favored in equities
  • W1-C‑S 15654.79
  • H4-C‑S 15261.58

ZOIs for Pos­si­ble Long

  • W1-C‑D 15401.45
  • D1-C‑D 15127.39

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay

Focus Points for trad­ing development

  • Month­ly Goals
    • No momen­tum trades on Non-Farm Fridays
    • Total of 13 trades by the end of the month
  • Week­ly Goal
    • Min. 3 times work­ing out at home + manda­to­ry cardio
    • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
  • Risk Man­age­ment
    • With­out forc­ing a trade: aim to take 1 trade a day, if pos­si­ble 2. 
    • Cap­i­tal Preser­va­tion dur­ing draw­down allows for 1R profit-taking
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING


Day trader. Tech geek. Sim Racing Enthusiast.

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