20211012 Premarket Prep DAX - Bear Market Trader
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20211012 Premarket Prep DAX

20211012 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 but with­in range
Click to Enlarge

Non-con­jec­ture obser­va­tions of the market

  • Price action
    • D1 con­tin­ued to close low­er slight­ly with­in D1 demand and D1 QLo
    • H4 Three Out­side Down giv­ing H4-C‑S 15162.83 at H4 QHi with price cur­rent­ly trad­ing mid-swing
  • Trend: H4 Up, D1 Down, W1 Up
    • Pre­vail­ing trend: MIXED Trend
  • Mar­ket Profile
    • Val­ue cre­at­ed below the previous
  • Dai­ly Range
    • ADR: 19597
    • ASR: 15794
      • 3949
    • ASR Short:14406
      • 3602
    • Day
      • Yes­ter­day’s High 15240.50
      • Yes­ter­day’s Low 15084.10


  • LN open
    • Below Val­ue, Out­side Range
  • Open dis­tance to value
    • 0.57xASR
  • Nar­ra­tive
    • Mod­er­ate to Large Imbal­ance. Mixed Trend although with larg­er time­frame bear­ish sen­ti­ment. H4 trad­ed down dur­ing Asia with cur­rent­ly some reac­tion off old H4 demand. Price is trad­ing with­in D1 demand. IBR tra­versed 0.64xASR could indi­cate respon­sive activ­i­ty. Price trad­ed high­er dur­ing IB towards val­ue edge. LTF sup­ply at VAL, H4 sup­ply at VAH.
  • Clar­i­ty (1–5, 5 being best)
    • 3
  • Hypo 1
    • Failed Auc­tion Short.
  • Hypo 2
    • Weak­ness From With­in IBR
  • Hypo 3
    • Strength From With­in IBR
  • Hypo 4
    • Val­ue Acceptance

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts

  • Not favored in equities
  • H4-C‑S 15162.83

ZOIs for Pos­si­ble Long

  • D1-C‑D 15126.29
  • H4-C‑D 15024.78 (OLD)

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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