20220222 Premarket Prep DAX - Bear Market Trader
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20220222 Premarket Prep DAX

20220222 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
    • MN demand tak­en out
  • 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)
    • Price instead took out W1 demand and is cur­rent­ly trad­ing below last week’s body and range

Click to Enlarge


  • D1
    • D1 trad­ed down clos­ing near its low
    • D1 QHi reject­ed, price trad­ing mid swing
    • Prev. Day Exceed­ed ADR by 2.64
  • H4
    • H4 Phase 4
    • Price trad­ing mid swing
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • Val­ues in DT with yesterday’s val­ue being wider than normal
  • LN Open
    • 1.48xASR Below Val­ue, Out­side Range
    • Huge Imbal­ance, pos­si­ble momentum
    • Open near ADR exhaustion
    • Asia extend­ed slight­ly high­er, then failed auc­tion trad­ed lower
    • 1.12xASR Wide IBR


  • Hypo 1
    • Short
    • Return to Val­ue, pos­si­bly at LTF sup­ply, Failed Auc­tion, VAL reversal
  • Hypo 2
    • Short
    • Weak­ness From With­in IBR
  • Hypo 3
    • Long
    • Strength From With­in IBR
  • 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
    • 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


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