20211021 Premarket Prep DAX - Bear Market Trader
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20211021 Premarket Prep DAX

20211021 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

  • Some reac­tion off MN C‑sup
  • Price trad­ing with­in last week’s Bull Engulf that closed at a W1 Sup­ply base level
Click to Enlarge

Non-con­jec­ture obser­va­tions of the market

  • Price action
    • D1 Inside bar clos­ing with a longer sell­ing wick react­ing off D1 QHi
    • Pos­si­ble H4 Phase 1 / 3 
  • Trend: H4 Up, D1 Down, W1 Up
    • Pre­vail­ing trend: MIXED Trend
  • Mar­ket Profile
    • 4‑day flim­sy bracket
  • Dai­ly Range
    • ADR: 14449
    • ASR: 11455
      • 2864
    • ASR Short: 9684
      • 2421
    • Day
      • Yes­ter­day’s High 15572
      • Yes­ter­day’s Low 15462.50


  • LN open
    • Below Val­ue, Out­side Range
  • Open dis­tance to value
    • 0.55xASR
  • Nar­ra­tive
    • Mod­er­ate to large imbal­ance. IBR tra­versed 1.02xASR after pre­mar­ket took out D1/H4 demand and reversed then accept­ed val­ue. How­ev­er, there is H4 sup­ply with­in val­ue plus with the wide IBR and price trad­ing at D1/H4 QHi there could be more sell­ers com­ing in. 
  • Clar­i­ty (1–5, 5 being best)
    • 3
  • Hypo 1
    • Failed Auc­tion Short
  • Hypo 2
    • Val­ue Accep­tance to a pos­si­ble sus­tained auction
  • Hypo 3
    • Auc­tion Fade Short, vari­a­tion to Hypo 2
  • Hypo 4
    • Strength From With­in IBR, vari­a­tion to Hypo 1

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts

  • Not favored in equities
  • D1-C‑S 15588.27
  • MN-C‑S 15561.74

ZOIs for Pos­si­ble Long

  • W1-C‑D 15290.73

Mind­ful Trad­ing (lack of sleep?)

  • Deal­ing with some per­son­al stuff. Might be distracted. 

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) 
    • No ear­ly exits, either hit SL or 2R target
    • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
  • Process
    • Keep trade review com­ments short
  • Risk Man­age­ment
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING


Day trader. Tech geek. Sim Racing Enthusiast.

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