20211014 Premarket Prep DAX - Bear Market Trader
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20211014 Premarket Prep DAX

20211014 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 above last week’s body and made a HH
Click to Enlarge

Non-con­jec­ture obser­va­tions of the market

  • Price action
    • D1 Three Out­side Up tra­vers­ing 1.09xASR
    • H4 Phase 2 arriv­ing at H4 QLo with no reac­tion (yet)
    • H4-C‑D 15254.72 BASE cre­at­ed with­in value
  • Trend: H4 Up, D1 Down, W1 Up
    • Pre­vail­ing trend: MIXED Trend
  • Mar­ket Profile
    • Val­ue cre­at­ed above the pre­vi­ous at the top of the over­all range
  • Dai­ly Range
    • ADR: 17384
    • ASR: 16121
      • 4030
    • ASR Short:14826
      • 3707
    • Day
      • Yes­ter­day’s High 15302.20
      • Yes­ter­day’s Low 15109.00


  • LN open
    • Above Val­ue, Out­side Range
  • Open dis­tance to value
    • 0.46xASR
  • Nar­ra­tive
    • Mod­er­ate to large imbal­ance. Price opened above yesterday’s high. IBR tra­versed down return­ing to LTF demand above VAH coin­cid­ing with yesterday’s high. Yes­ter­day exceed­ed ADR slight­ly by 1.09xADR which could war­rant a pull­back. Still a mixed trend. 
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Return to Val­ue, LTF above val­ue edge reversal
  • Hypo 2
    •  Sus­tained Auc­tion Up
  • Hypo 3
    •  Failed Auc­tion Short
  • Hypo 4
    • Auc­tion Fade Short (risky)

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts

  • Not favored in equities

ZOIs for Pos­si­ble Long

  • D1-C‑D 15126.29

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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