20220215 Premarket Prep DAX - Bear Market Trader
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20220215 Premarket Prep DAX

20220215 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

Larg­er Timeframe

  • MN
    • Pos­si­ble devel­op­ing MN Three Out­side Down although price is trad­ing with­in last month’s buy­ing range/wick (2 weeks left) and with­in MN demand
  • W1
    • Last week closed as a near-Grave­stone Doji (longer sell­ing wick) clos­ing with­in W1 demand
    • Price trad­ing below last week’s body and range
    • Price almost took out W1 demand before react­ing and trad­ing high­er, still below last week’s body but with­in range

Click to Enlarge


  • D1
    • Bear Engulf clos­ing with­in D1 QLo but leav­ing a large buy­ing wick
    • Price cur­rent­ly test­ing new­ly formed supply
    • Prev. Day Exceed­ed ADR by 1.45
  • H4
    • Price stut­ter­ing with­in D1 QLo
    • H4 demand formed and price test­ed and is react­ing off it
    • H4 QLo at VAH
  • Trend
    • Trend is DOWN 2/3
    • Trend changed dur­ing IBR by break­ing H4 QHi to MIXED Trend
  • Mar­ket Profile
    • Wide Val­ue cre­at­ed in a DT with price cur­rent­ly above
  • LN Open
    • 0.09xASR Above Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia formed a Neu­tral Day and pre­dom­i­nant­ly trad­ed down
    • 1.48xASR Wide IBR exhaust­ing ADR (coin­cid­ing with yes­ter­day high), near­by D1-C‑S 15356.43


  • 4


  • Hypo 1
    • Short
    • Failed Auc­tion
  • Hypo 2
    • Long
    • Strength From With­in IBR
  • Hypo 3
    • Short
    • D1 C‑sup / ADR exhaus­tion Reversal
  • Hypo 4
    • Long
    • Return to Val­ue, VAH Rever­sal, pos­si­ble Failed Auction

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
    • 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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