20211025 Premarket Prep DAX - Bear Market Trader
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20211025 Premarket Prep DAX

20211025 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

  • Last week closed as a pos­si­ble Base at a pre­vi­ous W1 Sup­ply Base lev­el but with near­by MN C‑sup
  • Price is trad­ing with­in last week’s body

Click to Enlarge

Non-con­jec­ture obser­va­tions of the market

  • Price action
    • Price trad­ing below D1 Sup­ply with near­by MN C‑Sup
    • Price gapped down a lit­tle over the week­end but has since closed the gap
  • Trend: H4 Up, D1 Down, W1 Up
    • Pre­vail­ing trend: MIXED Trend
  • Mar­ket Profile
    • Wide val­ue cre­at­ed above the pre­vi­ous 5‑day brack­et­ing range
  • Dai­ly Range
    • ADR: 12811
    • ASR: 12396
      • 3100
    • ASR Short: 10469
      • 2600
    • Day
      • Yes­ter­day’s High 15613.95
      • Yes­ter­day’s Low 15469.93


  • LN open
    • Open With­in Value
  • Open dis­tance to value
    • N.A.
  • Nar­ra­tive
    • Bal­anc­ing Mar­ket. Wide val­ue cre­at­ed above the 5‑day brack­et­ing range. IBR tra­versed 0.5xASR. Asia trad­ed and closed high­er below D1 Sup­ply. Price is still trad­ing at MN C‑Sup and with one week to go there might still be a reaction. 
  • Clar­i­ty (1–5, 5 being best)
    • 3
  • Hypo 1
    • Failed Auc­tion Long
  • Hypo 2
    • Strength From With­in IBR, after an ini­tial exten­sion up
  • Hypo 3
    • Weak­ness From With­in IBR, after an ini­tial exten­sion down
  • Hypo 4
    • Sus­tained Auc­tion Up

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?)

  • 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) 
    • 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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