20211207 Premarket Prep DAX - Bear Market Trader
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20211207 Premarket Prep DAX

20211207 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

Non-con­jec­ture obser­va­tions of the market

  • Trend: H4 Up, D1 Down, W1 Up
    • Pre­vail­ing trend: Mixed Trend
  • Mar­ket Profile
    • 4‑Day brack­et­ing range
  • Dai­ly Range
    • ADR: 26449
    • ASR: 19753
      • 4938
    • ASR Short: 16697
      • 4174
    • Day
      • Yes­ter­day’s High 15421.20
      • Yes­ter­day’s Low 15146.80

Click to Enlarge

Com­pared against Week­ly Trad­ing Plan

  • Demand seems to be react­ing as price is trad­ing above last week’s body but still with­in range. Trad­ing above W1 demand.


  • LN open
    • Above Val­ue, Out­side Range
  • Open dis­tance to value
    • 1.1xASR
  • Nar­ra­tive
    • D1 Three Inside Up giv­ing D1-C‑D 15245.66 (with­in val­ue), D1 Sup­ply still intact although some sup­ply got tak­en out.
    • Price made a H4 RBR giv­ing H4-C‑D 15295.35 and price trad­ing with­in H4 QHi (above H4 50MA in DT)
    • Large Imbal­ance at the open
    • Prev. Day Exceed­ed ADR by 1.03
    • Asia climbed high­er tak­ing out D1 supply
    • 0.5xASR to ADR Exhaus­tion High
    • Price trad­ing into D1 VWAP in DT
    • Mixed Trend
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Mean Rever­sion, sus­tained auc­tion short
  • Hypo 2
    • ADR exhaus­tion rever­sal, pos­si­ble failed auc­tion short
  • Hypo 3
    • Return to Val­ue, rever­sal at LTF demand or val­ue edge
  • Hypo 4
    • Sus­tained Auc­tion Long, pos­si­ble strength from with­in IBR

Addi­tion­al notes

  • N.A

ZOIs for Pos­si­ble Shorts

  • Not favored in equities

ZOIs for Pos­si­ble Long

  • W1-C‑S 15398.00
  • H4-C‑D 15295.35

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing Okay

Focus Points for trad­ing development

  • Month­ly Goals
    • No momen­tum trades on Non-Farm Fridays
    • Total of 15 trades by the end of the month, can take 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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