20220113 Premarket Prep DAX - Bear Market Trader
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20220113 Premarket Prep DAX

20220113 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 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 and is cur­rent­ly trad­ing below W1 sup­ply and start­ed reacting

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  • LN open
    • 0.03xASR Below Val­ue, With­in Range, Mod­er­ate Imbal­ance, although ambigu­ous open could be con­sid­ered pos­si­ble respon­sive activity
  • Mar­ket Profile
    • Val­ue cre­at­ed above the previous
  • Nar­ra­tive
    • D1 closed neu­tral after a bull engulf clos­ing with­in D1 QHi
    • H4 con­sol­i­da­tion and break down (after H4 QHi rejec­tion) giv­ing H4-C‑S 16004.13 (with­in val­ue) with con­tin­u­a­tion low­er after reac­tion off new­ly formed H4 supply
    • New D1 demand just below as well as H4-C‑D 15940.48
    • Trend is UP 3/3
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Long
    • Val­ue Accep­tance, although risky due to new­ly formed H4 sup­ply with­in value
    • Price would need to con­fi­dent­ly take out LTF sup­ply and clear Asia high
    • Pos­si­ble sus­tained auc­tion continuation
  • Hypo 2
    • Short
    • Return to Val­ue, VAL rever­sal, pos­si­ble Failed Auc­tion Short
  • Hypo 3
    • Long
    • Failed Auc­tion
  • Hypo 4
    • Long
    • Auc­tion Fade

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts

  • Not favored in equities
  • W1-C‑S 16102.51
  • H4-C‑S 16004.13

ZOIs for Pos­si­ble Long

  • H4-C‑D 15940.48
  • D1-C‑D 15907.25
  • W1-C‑D 15685.89

Mind­ful Trad­ing (lack of sleep?)

  • Didn’t sleep well, will need to be care­ful. Only trade after C TPO (if any)

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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