20220104 Premarket Prep DAX - Bear Market Trader
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20220104 Premarket Prep DAX

20220104 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 above last week’s body and range, just below W1-C‑S 16102.51

Click to Enlarge


  • LN open
    • 0.18xASR Above Val­ue, With­in Range
  • Mar­ket Profile
    • Val­ue cre­at­ed above the pre­vi­ous range
  • Nar­ra­tive
    • Trend is up 3/3
    • D1 Bear Engulf at D1 QHi (on 1st test) with no fol­low-through, instead a D1 Three Inside Up giv­ing D1-C‑D 15850.32
    • Price trad­ing with­in D1/H4 QHi
    • Prev. Day Exceed­ed ADR by 1.16
    • Yes­ter­day ses­sion high near VAH
    • Mod­er­ate Imbalance
    • H4 con­sol­i­da­tion below W1 sup­ply and did broke high­er although in pre­mar­ket and thus might be a fake-out. M15 can­dle already accept­ed val­ue but with open sen­ti­ment and demand with­in val­ue this is risky to go short
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Return to Val­ue, Rever­sal Long
  • Hypo 2
    • Val­ue Accep­tance Short
  • Hypo 3
    • Failed Auc­tion Short
  • Hypo 4
    • Late-sus­tained auc­tion long

Addi­tion­al notes

  • N.A

ZOIs for Pos­si­ble Shorts

  • Not favored in equities
  • D1-C‑S 16250
  • W1-C‑S 16102.51

ZOIs for Pos­si­ble Long

  • D1-C‑D 15850.32
  • D1-C‑D 15393.40

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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