20210928 Premarket Prep DAX - Bear Market Trader
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20210928 Premarket Prep DAX

20210928 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 is trad­ing above last week’s body and has made a HH
Click to Enlarge

Non-con­jec­ture obser­va­tions of the market

  • Price action
    • D1 test­ed D1-C‑S 15696.82 and closed as a Grave­stone Doji
    • H4 Bear Engulf with no con­tin­u­a­tion, instead some con­sol­i­da­tion above MN/W1 demand
  • Trend: H4 Down, D1 Down, W1 Up
    • Pre­vail­ing trend: Trend is Down 2/3
  • Mar­ket Profile
    • Val­ue cre­at­ed above the pre­vi­ous with cur­rent­ly price trad­ing below
  • Dai­ly Range
    • ADR: 19593
    • ASR: 14056
      • 3500
    • Day
      • Yes­ter­day’s High 15719.20
      • Yes­ter­day’s Low 15550.50


  • LN open
    • Below Val­ue, Out­side Range
  • Open dis­tance to value
    • 0.37xASR
  • Nar­ra­tive
    • Mod­er­ate to Large Imbal­ance. IBR tra­versed 0.9xASR indi­cat­ing pos­si­ble respon­sive activ­i­ty. Price returned to H4-C‑D 15455.51 BASE lev­el which could sig­nal a con­tin­u­a­tion. Trend is Down 2/3. Pre­mar­ket closed as a H4 Bear Engulf at H4 QHi.
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Failed Auc­tion Long
  • Hypo 2
    • Strength from with­in IBR
  • Hypo 3
    • Weak­ness from With­in IBR, vari­a­tion to Hypo 1 or 2 in line with a pos­si­ble con­tin­u­a­tion to H4 Bear Engulf
  • Hypo 4
    • Sus­tained Auc­tion Down, risky due to wide IBR, late-sus­tained auc­tion preferred

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts

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

ZOIs for Pos­si­ble Long

  • H4-C‑D 15455.51 Base
  • W1-C‑D 15394.53

Mind­ful Trad­ing (lack of sleep?)

  • Might be com­ing down with some­thing. Will take it easy. 

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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