20220209 Premarket Prep DAX - Bear Market Trader
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20220209 Premarket Prep DAX

20220209 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’s body but with­in range
    • Pos­si­bly devel­op­ing a MN Three Out­side Down
  • Price trad­ing with­in last week’s body after duck­ing below with­in range

Click to Enlarge


  • Nar­ra­tive
    • D1 Closed high­er react­ing off D1 QLo tra­vers­ing 0.72xADR
    • H4 break high­er from QLo with no arrival at H4 QHi yet although trad­ing nearby
    • Trend is Down 2/3
    • Asia trad­ed high­er near­ing H4 QHi in DT 2/3
    • Asia closed as an H4 Invert­ed Ham­mer, pos­si­ble con­tin­u­a­tion higher
    • 0.58xASR IBR almost too wide although pos­si­ble momen­tum indicator
  • LN open
    • 0.22xASR Above Val­ue, With­in Range
    • Mod­er­ate Imbalance
  • Mar­ket Profile
    • 3 over­lap­ping (although slight­ly) val­ues with yes­ter­day being wider
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Short
    • H4 QHi Rever­sal, pos­si­ble Failed Auction
  • Hypo 2
    • Long
    • Sus­tained Auc­tion, prefer­ably clos­ing above Asia and pre­vi­ous day high, con­sid­er a late-sus­tained auc­tion entry
  • Hypo 3
    • Long
    • Strength From With­in IBR
  • Hypo 4
    • Short
    • Auc­tion Fade

Addi­tion­al notes

  • N.A.

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay
  • Hav­ing inter­net issues
  • FX Syn­er­gy not working

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
    • 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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