20211217 Premarket Prep DAX - Bear Market Trader
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20211217 Premarket Prep DAX

20211217 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 after it  probed above (not mak­ing a HH)

Click to Enlarge


  • LN open
    • Below Val­ue, Out­side Range
  • Mar­ket Profile
    • Val­ue cre­at­ed above the pre­vi­ous but still with­in over­all range
  • Nar­ra­tive
    • D1 QLo reject­ed and price is trad­ing mid swing
    • D1 closed as a Bear­ish Inside Bar with longer sell­ing wick after react­ing off D1 Sup­ply, pos­si­ble con­sol­i­da­tion in prepa­ra­tion for the ‘down’ month in January
    • H4 QHi reject­ed and price is con­sol­i­dat­ing above H4 QLo
    • H4 Bull Engulf in pre­mar­ket above H4 QLo
    • Mixed trend
    • Mod­er­ate to Large Imbalance
    • Prev. Day Exceed­ed ADR by 1.12
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Return to Val­ue, rever­sal, pos­si­ble Failed Auc­tion Short
  • Hypo 2
    • Sus­tained Auc­tion Up, mean reversion
  • Hypo 3
    • Auc­tion Fade Long
  • Hypo 4
    • Late-sus­tained auc­tion down
  • Hypo 4
    • Failed Auc­tion Long

Addi­tion­al notes

  • N.A

ZOIs for Pos­si­ble Shorts

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

ZOIs for Pos­si­ble Long

  • D1-C‑D 15627.52
  • 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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