20220216 Premarket Prep DAX - Bear Market Trader
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20220216 Premarket Prep DAX

20220216 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

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
    • Price cur­rent­ly trad­ing above last week’s body but with­in sell­ing wick/range

Click to Enlarge


  • D1
    • Big Bull Engulf cre­at­ed giv­ing D1-C‑D 15207.04, clos­ing with­in D1-C‑S 15356.43
    • D1 QLo rejected
    • Prev. Day Exceed­ed ADR by 1.46
  • H4
    • Price slow­ing down with­in H4 QHi / D1 Supply
    • Price trad­ing at H4 UKC in DT
    • OLD H4 Sup­ply got tak­en out
  • Trend
    • Trend Change from Down 2/3 to MIXED Trend
  • Mar­ket Profile
    • Val­ue cre­at­ed above the previous
  • LN Open
    • 0.17xASR Above Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Yesterday’s high near­by VAH
    • D1 Sup­ply right above
    • Asia extend­ed higher
    • 0.62xASR Wide IBR, price closed above Asia


  • Hypo 1
    • Short
    • Failed Auc­tion
  • Hypo 2
    • Long
    • Return to Val­ue, VAH Rever­sal, pos­si­ble Failed Auc­tion, pos­si­ble Strength From With­in IBR
  • Hypo 3
    • Short
    • Weak­ness From With­in Val­ue, to Val­ue Accep­tance, Late-Sus­tained Auction
  • Hypo 4
    • Long
    • Auc­tion Fade


  • 4

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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