20211028 Premarket Prep DAX - Bear Market Trader
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20211028 Premarket Prep DAX

20211028 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 above last week’s body and made a HH
  • Price almost test­ed orig­i­nat­ing lev­el W1-C‑S 15823.56
Click to Enlarge

Non-con­jec­ture obser­va­tions of the market

  • Price action
    • D1 Inside Bar cre­at­ed (not clos­ing below 50% mark) with­in D1 Sup­ply at D1 UKC
    • Price trad­ing with­in D1 QHi
    • H4 pulling back to H4 VWAP in UT after near­ly tak­ing out D1/W1 supply
  • Trend: H4 Up, D1 Up, W1 Up
    • Pre­vail­ing trend: Trend is UP 3/3 (strong)
  • Mar­ket Profile
    • Val­ue cre­at­ed at the low of the pre­vi­ous still overlapping
  • Dai­ly Range
    • ADR: 12064
    • ASR: 10754
      • 2700
    • ASR Short: 9053
      • 2263 (2500 min. preferably)
    • Day
      • Yes­ter­day’s High 15761.70
      • Yes­ter­day’s Low 15667.70


  • LN open
    • Below Val­ue, Out­side Range
  • Open dis­tance to value
    • 0.27xASR
  • Nar­ra­tive
    • Mod­er­ate to Large Imbal­ance. H4 react­ing with a con­tin­ued DBD at D1 Sup­ply hit­ting a H4 base demand lev­el. Although there is a strong uptrend there may be a con­tin­u­a­tion down. 
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Return to Val­ue, Val­ue Edge Rever­sal short, Failed Auc­tion Short
  • Hypo 2
    • Val­ue Accep­tance (val­ue quite tight), pos­si­ble sus­tained auc­tion up
  • Hypo 3
    • Sus­tained Auc­tion Down
  • Hypo 4
    • Auc­tion Fade Long, vari­a­tion to Hypo 1 and 3

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts

  • Not favored in equities
  • W1-C‑S 15823.56
  • D1-C‑S 15695.85
  • MN-C‑S 15561.74

ZOIs for Pos­si­ble Long

  • D1-C‑D 15499.30
  • 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


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