20211209 Premarket Prep DAX - Bear Market Trader
day trade, day trading, forex, FX, trade plan, trading plan, DAX, DE30, DE30Cash, premarket prep, pre-market prep, tradingforex, traderlifestyle, daytraderlife,

20211209 Premarket Prep DAX

20211209 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

  • Price is trad­ing above last week’s body and range after it start­ed react­ing off W1 demand and W1 50MA in UT

Click to Enlarge


  • LN open
    • Open With­in Value
  • Open dis­tance to value
    • N.A.
  • Mar­ket Profile
    • Wide Val­ue cre­at­ed above the pre­vi­ous although price is trad­ing cur­rent­ly below
  • Nar­ra­tive
    • D1 Inside Bar after a big move up, pos­si­ble D1 Three Inside Down if the lows can get tak­en out and price can close below. Oth­er­wise there could be a con­tin­u­a­tion higher. 
    • Price slowed down at H4 200MA and broke down giv­ing H4-C‑S 15823.75 and start­ed consolidating
    • D1 QLo reject­ed with no arrival at QHi (yet)
    • Mixed trend
    • Open with­in val­ue, although val­ue is wide
    • Asia closed break­ing high­er from H4 con­sol­i­da­tion although not clear­ing the sup­ply and also formed a Neu­tral Day
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Failed Auc­tion Long
  • Hypo 2
    • Val­ue Rejec­tion Down, late-sus­tained auc­tion short, late-sus­tained auc­tion preferred
  • Hypo 3
    • Weak­ness From With­in IBR
  • Hypo 4
    • Auc­tion Fade Long

Addi­tion­al notes

  • N.A

ZOIs for Pos­si­ble Shorts

  • Not favored in equities
  • H4-C‑S 15823.75

ZOIs for Pos­si­ble Long

  • W1-C‑S 15398.00

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.

0 0 votes
Article Rating
Notify of

Inline Feedbacks
View all comments
WP Twitter Auto Publish Powered By : XYZScripts.com
Would love your thoughts, please comment.x