20211019 Premarket Prep DAX - Bear Market Trader
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20211019 Premarket Prep DAX

20211019 Premarket Prep DAX

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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 with­in last week’s body with a slight pull­back to W1 demand
Click to Enlarge

Non-con­jec­ture obser­va­tions of the market

  • Price action
    • D1 Three Out­side Down with price trad­ing with­in its body
    • H4 con­sol­i­da­tion and Break high­er trad­ing with­in H4 QHi
  • Trend: H4 Up, D1 Down, W1 Up
    • Pre­vail­ing trend: Mixed Trend
  • Mar­ket Profile
    • 2 over­lap­ping val­ues indi­cat­ing slow­down in price
  • Dai­ly Range
    • ADR: 16366
    • ASR: 13705
      • 3426
    • ASR Short: 11959
      • 2990
    • Day
      • Yes­ter­day’s High 15597.10
      • Yes­ter­day’s Low 15415.70


  • LN open
    • Open With­in Value
  • Open dis­tance to value
    • N.A.
  • Nar­ra­tive
    • Bal­anc­ing Mar­ket. Price formed a D1 Three Out­side Down (reject­ing D1 QHi) at new MN C‑sup pos­si­bil­i­ty for a con­tin­u­a­tion down. IBR tra­versed 0.45xASR down clos­ing below VAL but no exten­sion yet. Exten­sion down is met with new­ly formed H4 demand. ADR 0.5 below yes­ter­day ses­sion low near­by ASR and ADR exhaustion.
  • Clar­i­ty (1–5, 5 being best)
    • 3
  • Hypo 1
    • Failed Auc­tion Long
  • Hypo 2
    • Sus­tained Auc­tion Down, val­ue rejec­tion, late-sus­tained auc­tion entry preferred
  • Hypo 3
    • Failed Auc­tion Short
  • Hypo 4
    • Sus­tained Auc­tion Long, val­ue rejec­tion,  late-sus­tained auc­tion entry preferred
  • Hypo 5
    • Auc­tion Fade Long, vari­a­tion to hypo 2 

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts

  • Not favored in equities
  • D1-C‑S 15588.27

ZOIs for Pos­si­ble Long

  • W1-C‑D 15290.73

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay, but might be dis­tract­ed with per­son­al life

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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