Bear Market Trader | Premarket Prep DAX - London session
day trade, day trading, forex, FX, trade plan, trading plan, DAX, DE30, DE30Cash, premarket prep, pre-market prep, tradingforex, traderlifestyle, daytraderlife,
8351
post-template-default,single,single-post,postid-8351,single-format-standard,vcwb,bridge,ajax_fade,page_not_loaded,,side_area_uncovered_from_content,qode-theme-ver-9.5,hide_inital_sticky,wpb-js-composer js-comp-ver-4.12,vc_responsive
 

20220110 Premarket Prep DAX

20220110 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 month’s body and made a HH now trad­ing with­in range
  • Last week closed as an invert­ed ham­mer cur­rent­ly trad­ing below its body but still with­in range

Click to Enlarge

Sen­ti­ment

  • LN open
    • Open With­in Value
  • Mar­ket Profile
    • Val­ues in DT
  • Nar­ra­tive
    • Pos­si­ble D1 Phase 4 trad­ing below D1 QHi
    • Pos­si­ble H4 Phase 1 / 3, price trad­ing at H4 QLo
    • Wide IBR tra­vers­ing down 1.42xASR tak­ing out H4 demand
    • Trend is UP ⅔
    • Prev. Day Exceed­ed ADR by 1.18
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Failed Auc­tion Long
  • Hypo 2
    • Weak­ness From With­in IBR
  • Hypo 3
    • Auc­tion Fade Long
  • Hypo 4
    • Late-sus­tained auc­tion short

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

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

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

No Comments

Post A Comment

The maximum upload file size: 128 MB. You can upload: image, audio, video, document, spreadsheet, interactive, text, archive, code, other. Links to YouTube, Facebook, Twitter and other services inserted in the comment text will be automatically embedded. Drop files here