20220125 Premarket Prep DAX - Bear Market Trader
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20220125 Premarket Prep DAX

20220125 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 below last month and week’s body and range
  • W1 trad­ing below W1 50MA in UT although W1 UKC in UT start­ed reacting

Click to Enlarge


  • Nar­ra­tive
    • D1 sup­ply got tak­en out with big move down tra­vers­ing 2.78xADR but closed with a long buy­ing wick clos­ing above D1 QLo
      • Price is cur­rent­ly trad­ing with­in the D1 range and with­in OLD D1 demand below val­ue with­in range
    • H4 Three Inside Up with long buy­ing wick clos­ing above H4/D1 QLo, no imme­di­ate con­tin­u­a­tion. Instead a Bear­ish Inside Bar and pos­si­ble base (devel­op­ing DBD possible)
    • Trend Change: Trend is DOWN 2/3
    • Wide IBR 1xASR, pos­si­ble momentum
  • LN open
    • 0.04xASR Below Val­ue, With­in Range
    • Mod­er­ate Imbalan
    • Ambigu­ous open right at/near VAL, pos­si­ble respon­sive activity
  • Mar­ket Profile
    • Val­ues in DT, yesterday’s val­ue very wide
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Long
    • Val­ue Accep­tance, pos­si­ble con­tin­u­a­tion sus­tained auction
  • Hypo 2
    • Short
    • Return to Val­ue, pos­si­ble Failed Auc­tion, VAL Reversal,
    • Risky trad­ing into D1 demand / D1 QLo
  • Hypo 3
    • Long
    • Strenght From With­in IBR
    • Near­by D1 demand, D1 QLo
  • Hypo 4
    • Short
    • Late-Sus­tained Auction
    • Risky trad­ing with­in D1 demand and D1 QLo, although there might be a con­tin­u­a­tion to the W1 nar­ra­tive, albeit it’s ear­ly in the week

Addi­tion­al notes

  • N.A.

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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