20220111 Premarket Prep DAX - Bear Market Trader
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20220111 Premarket Prep DAX

20220111 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 above its body but still with­in range although price reached for W1-C‑D 15685.89

Click to Enlarge


  • LN open
    • Open With­in Value
    • VAH and open just below H4-C‑S 15946.40
  • Mar­ket Profile
    • Val­ues in DT
  • Nar­ra­tive
    • Price trad­ed and closed below D1 QHi although some­what neutral
    • H4 Bear Engulf at H4/D1 QHi giv­ing H4-C‑S 15946.40 (coin­cid­ing with H4 VWAP)
    • Price react­ed off old H4 demand and formed a Bull­ish Inside Bar with con­tin­u­a­tion high­er cur­rent­ly trad­ing at H4 QHi / H4 supply
    • Trend is UP 2/3
    • Prev. Day Exceed­ed ADR by 1.48
    • Asia extend­ed higher
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Short
    • Failed Auc­tion
    • D1/H4 QHi / H4 sup­ply just above VAH, open with­in value
  • Hypo 2
    • Long
    • Late-sus­tained auc­tion entry
    • Risky, price trad­ing right into H4 sup­ply, price would need to extend high­er and hold above IB prefer­ably tak­ing out LTF supply
  • Hypo 3
    • Long
    • Failed Auc­tion
  • Hypo 4
    • Short
    • Auc­tion Fade

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

  • W1-C‑D 15685.89

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 racer/Pilot.

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