20211215 Premarket Prep DAX - Bear Market Trader
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20211215 Premarket Prep DAX

20211215 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 trad­ing with­in last week’s body and pulling back to new­ly formed W1 demand (no arrival yet) although to pre­vi­ous W1 demand

Click to Enlarge


  • LN open
    • Below Val­ue, Out­side Range
  • Open dis­tance to value
    • 0.4xASR
  • Mar­ket Profile
    • Val­ue cre­at­ed below the pre­vi­ous, price still with­in over­all range
  • Nar­ra­tive
    • D1 closed down fol­low­ing the D1 Bear Engulf
    • H4 Three Out­side Up formed at H4 LKC in UT giv­ing H4-C‑D 15496.33
    • Price trad­ing mid swing after H4 QHi rejection
    • Trend Change from Mixed trend to Trend is DOWN 2/3
    • Prev. Day Exceed­ed ADR by 1.27
    • Pre­mar­ket closed as a H4 Bear Engulf with long buy­ing wick giv­ing H4-C‑S 15519.48 (with­in range, below VAL), although low in dis­tri­b­u­tion curve so could get tak­en out,
    • Mod­er­ate to Large Imbalance
    • Asia trad­ed down
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Sus­tained Auc­tion Up, pos­si­ble Val­ue Acceptance
  • Hypo 2
    • Return to Val­ue, pos­si­ble Failed Auc­tion Short
  • Hypo 3
    • Auc­tion Fade Short
  • Hypo 4
    • Sus­tained Auc­tion Down
  • Hypo 5
    • Auc­tion Fade Long

Addi­tion­al notes

  • N.A

ZOIs for Pos­si­ble Shorts

  • Not favored in equities
  • D1-C‑S 15702.98
  • D1-C‑S 15671.13
  • H4-C‑S 15519.48

ZOIs for Pos­si­ble Long

  • H4-C‑D 15496.33
  • 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.

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