20211122 Premarket Prep DAX - Bear Market Trader
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20211122 Premarket Prep DAX

20211122 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

  • Pos­si­ble devel­op­ing MN Three Out­side Up
  • Last week closed as an Invert­ed Ham­mer and price is trad­ing above last week’s body but still with­in range

Click to Enlarge

Non-con­jec­ture obser­va­tions of the market

  • Price action
    • D1 con­sol­i­da­tion and break down but D1-C‑D 16103.10 is show­ing some reaction
    • H4 Bull Engulf giv­ing H4-C‑D 16158.24
  • Trend: H4 Down, D1 Up, W1 Up
    • Pre­vail­ing trend: Trend is UP 2/3
  • Mar­ket Profile
    • Wide val­ue cre­at­ed below 2 pre­vi­ous over­lap­ping values
  • Dai­ly Range
    • ADR: 10828
    • ASR: 8162
      • 2041
    • ASR Short: 7266
      • 1817
    • Day
      • Yes­ter­day’s High 16297.93
      • Yes­ter­day’s Low 16089.59


  • LN open
    • Open With­in Value
  • Open dis­tance to value
    • N.A. 
  • Nar­ra­tive
    • Bal­anc­ing Mar­ket. Although the open was inside val­ue, the val­ue is quite wide. Trend changed from 3/3 to 2/3. Asia extend­ed to the upside. LN Range is 80+ again. H4 Bull Engulf with an Inside Bar formed in per­mar­ket. Friday’s ADR exceed­ed ADR by 1.96. ADR exhaus­tion below new­ly formed D1-C‑S 16250.36.
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Failed Auc­tion Long
  • Hypo 2
    • Failed Auc­tion Short, 
  • Hypo 3
    • Rever­sal at D1 C‑sup
  • Hypo 4
    • Late-sus­tained auc­tion short
  • Hypo 5
    • Auc­tion Fade Long

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts

  • Not favored in equities
  • D1-C‑S 16250.36

ZOIs for Pos­si­ble Long

  • H4-C-D16158.24
  • D1-C‑D 16103.10

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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