20211221 Premarket Prep DAX - Bear Market Trader
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20211221 Premarket Prep DAX

20211221 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

  • Price trad­ing below last week’s body and price has made a LL

Click to Enlarge


  • LN open
    • Above Val­ue, Out­side Range
  • Mar­ket Profile
    • Val­ue cre­at­ed below over­all range
  • Nar­ra­tive
    • Large Imbal­ance at the open, pos­si­ble mean reversion
    • 1st test and reac­tion off D1 QLo, D1 closed as a large pin­bar at W1 sup­ply, poten­tial con­tin­u­a­tion down
    • H4 clos­ing high­er although hit­ting H4 VWAp in DT and price seems to be reacting
    • H4 QLo reject­ed and price is trad­ing mid swing
    • Trend is down 2/3
    • Asia trad­ed higher
    • ADR exhaus­tion not far above open
    • Wide IBR
    • Prev. Day Exceed­ed ADR by 1.57
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Weak­ness From With­in IBR
  • Hypo 2
    • Return to Val­ue, rever­sal, pos­si­ble failed auc­tion long
  • Hypo 3
    • Sus­tained Auc­tion Down, mean rever­sion, mon­i­tor for val­ue acceptance
  • Hypo 4
    • Auc­tion Fade Long

Addi­tion­al notes

  • N.A

ZOIs for Pos­si­ble Shorts

  • Not favored in equities
  • W1-C‑S 15367.07
  • MN-C‑S 15241.00

ZOIs for Pos­si­ble Long

  • W1-C‑D 15322
  • D1-C‑D 15127.24

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


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