20220221 Premarket Prep DAX - Bear Market Trader
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20220221 Premarket Prep DAX

20220221 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
  • W1
    • Price near­ly took out W1 demand
    • Price is cur­rent­ly trad­ing with­in last week’s body
    • Price returned to W1 DBD 15182.33 indi­cat­ing a pos­si­ble con­tin­u­a­tion high­er although this can take some time (pos­si­bly lat­er in the week,if any due to MN narrative)

Click to Enlarge


  • D1
    • The day gapped down and dur­ing Asia trad­ed high­er fill­ing the gap
    • Prev. Day Exceed­ed ADR by 1.38
    • Price trad­ing with­in D1 QLo
  • H4
    • H4 QLo reject­ed, price is trad­ing near H4 QHi
    • H4 closed above D1 QLo
  • Trend
    • Trend is DOWN 2/3
  • Mar­ket Profile
    • Val­ues in DT with Friday’s val­ue wider than normal
  • LN Open
    • Open With­in Value
    • Open at W1 DBD 15182.33, near H4 QHi
    • Asia trad­ed and extend­ed high­er after exhaust­ing ADR


  • Hypo 1
    • Short
    • Failed Auc­tion
  • Hypo 2
    • Short
    • Late-Sus­tained Auction
    • Weak­ness From With­in IBR
  • Hypo 3
    • Long
    • Failed Auc­tion
  • Hypo 4
    • Long Auc­tion Fade


  • 3

Addi­tion­al notes

  • N.A.

Mind­ful Trad­ing (lack of sleep?)

  • Felt under the weath­er yes­ter­day and a bit tired today

Focus Points for trad­ing development

  • Month­ly Goals
    • No momen­tum trades on Non-Farm Fridays
    • No ear­ly exits, either hit SL or target
    • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
  • Risk Man­age­ment
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING


Day trader. Tech geek. Sim Racing Enthusiast.

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