20210922 Premarket Prep DAX - Bear Market Trader
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20210922 Premarket Prep DAX

20210922 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 week’s body and range with­in W1 demand
Click to Enlarge

Non-con­jec­ture obser­va­tions of the market

  • Price action
    • D1 Inside Bar clos­ing above D1 QLo after react­ing off D1-C‑D 15125.15 coin­cid­ing with D1 200MA
    • H4 Bull Engulf to RBR clos­ing above D1/H4 QLo fol­lowed by a re-test of H4 QLo through some con­sol­i­da­tion and Bull Engulf reject­ing H4 QLo
  • Trend: H4 Down, D1 Down, W1 Up
    • Pre­vail­ing trend: Trend is Down 2/3
  • Mar­ket Profile
    • Wide val­ue cre­at­ed fol­lowed by a val­ue above it
  • Dai­ly Range
    • ADR: 21179
    • ASR: 15465
      • 3900
    • Day
      • Yes­ter­day’s High 15395.30
      • Yes­ter­day’s Low 15105.50


  • LN open
    • Above Val­ue, Out­side Range
  • Open dis­tance to value
    • 0.48xASR
  • Nar­ra­tive
    • Mod­er­ate to Large imbal­ance. Price opened after ADR got exhaust­ed and Asia trad­ed high­er. H4 Con­sol­i­da­tion at D1 QLo with Bull ENgulf fin­ish­er and open sen­ti­ment favor a long bias in line with a devel­op­ing D1 Three Inside Up for­ma­tion. But Trend is Down 2/3.
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Return to Val­ue, Val­ue edge reversal
  • Hypo 2
    • Failed Auc­tion Long, probe of val­ue (H4 demand with­in value)
  • Hypo 3
    •  Val­ue Accep­tance, (risky due to H4 demand)
  • Hypo 4
    • Auc­tion Fade Short, vari­a­tion to Hypo 1, very risky in equities,

Addi­tion­al notes

  • Fed Inter­est Rate Deci­sion tomorrow

ZOIs for Pos­si­ble Shorts

  • Not favored in equities
  • D1-C‑S 15696.82

ZOIs for Pos­si­ble Long

  • H4-C‑D 15336.47
  • D1-C‑D 15125.15

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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