20210913 Premarket Prep DAX - Bear Market Trader
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20210913 Premarket Prep DAX

20210913 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 retraced to MN demand
  • Price trad­ed and closed down with­in W1 demand
Click to Enlarge

Non-con­jec­ture obser­va­tions of the market

  • Price action
    • Price trad­ing at MN / W1 / D1 demand trad­ing mid D1 swing
    • H4 Bear Engulf giv­ing H4-C‑S 15656.83
  • Trend: H4 Down, D1 Up, W1 Up
    • Pre­vail­ing trend: Trend is UP 2/3
  • Mar­ket Profile
    • Price cre­at­ed val­ue above the pre­vi­ous trad­ing in an over­all range
  • Dai­ly Range
    • ADR: 15155
    • ASR: 12972
      • 3250
    • Day
      • Yes­ter­day’s High 15703.39
      • Yes­ter­day’s Low 15547.78


  • LN open
    • Below Val­ue, With­in Range
  • Open dis­tance to value
    • 0.01xASR
  • Nar­ra­tive
    • Mod­er­ate Bal­ance. Open right below VAL. IB accept­ed and rotat­ed through val­ue exhaust­ing ADR. Pre­mar­ket trad­ed high­er com­ing from D1 demand. IB tra­versed 0.66xASR so a bit wide. 
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • VAA, already done
  • Hypo 2
    • Failed Auc­tion Short
  • Hypo 3
    • Sus­tained Auc­tion Long
  • Hypo 4
    • Strength from with­in IBR
  • Hypo 5
    • Auc­tion Fade Short, vari­a­tion to Hypo 3

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts

  • Not favored in equities
  • H4-C‑S 15656.83

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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