20210909 Premarket Prep DAX - Bear Market Trader
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20210909 Premarket Prep DAX

20210909 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

  • Con­tin­u­a­tion to the W1 DBD react­ing off W1 Supply
  • Price returned to MN demand
Click to Enlarge

Non-con­jec­ture obser­va­tions of the market

  • Price action
    • D1 Three Inside Down at W1 Sup­ply tak­ing out D1 demand and clos­ing deep with­in W1-C‑D 15664.00 tra­vers­ing 1.73xADR
    • Pos­si­ble D1 Phase 3 to 4 transition 
    • H4 Phase 4 arriv­ing at H4 QLo with price cur­rent­ly trad­ing within
  • Trend: H4 Up, D1 Down, W1 Down
    • Pre­vail­ing trend: Trend is UP 2/3
  • Mar­ket Profile
    • Wide val­ue cre­at­ed below pre­vi­ous brack­et­ing range
  • Dai­ly Range
    • ADR: 15108
    • ASR: 12219
      • 3055
    • Day
      • Yes­ter­day’s High 15846.80
      • Yes­ter­day’s Low 15588.40


  • LN open
    • Below Val­ue, Out­side Range
  • Open dis­tance to value
    • 0.64xASR
  • Nar­ra­tive
    • Mod­er­ate to Large Imbal­ance. IB trad­ed down 0.85xASR exhaust­ing ADR fol­low­ing Asia trad­ing down as well indi­cat­ing pos­si­ble respon­sive activ­i­ty although D1 phase 4 might be on ahead of ECB inter­est rate deci­sion. Prev. Day Exceed­ed ADR and price is cur­rent­ly trad­ing with­in D1 Demand at D1 LKC.
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Strength from with­in IBR
  • Hypo 2
    • Failed Auc­tion Long 
  • Hypo 3
    • Return to Val­ue, val­ue edge rever­sal, pos­si­ble Failed Auc­tion Short
  • Hypo 4
    •  Weak­ness from with­in IBR

Addi­tion­al notes

  • ECB Inter­est Rate deci­sion today at 19:45

ZOIs for Pos­si­ble Shorts

  • Not favored in equities
  • D1-C‑S 15966.51
  • W1-C‑S 15830.15

ZOIs for Pos­si­ble Long

  • W1-C‑D 15664.00
  • MN-C‑D 15585.83
  • D1-C‑D 15548.18

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay

Focus Points for trad­ing development

  • Month­ly Goals
    • No momen­tum trades on Non-Farm Fridays
    • Total of 20 trades by the end of the month, prefer­ably 2 a day (not in the same prod­uct at the same time) 
  • Week­ly Goal
    • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
    • No ear­ly exits, either hit SL or 2R target
  • Risk Man­age­ment
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING


Day trader. Tech geek. Sim Racing Enthusiast.

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