20220224 Premarket Prep DAX - Bear Market Trader
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20220224 Premarket Prep DAX

20220224 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
    • MN demand tak­en out
  • W1
    • Price took out W1 demand and is cur­rent­ly trad­ing below last week’s body and range
    • Price con­tin­ued low­er and is near­ing W1-C‑D 13972.79

Click to Enlarge


  • D1
    • D1 closed as a Bear­ish Inside Bar
    • Prev. Day Exceed­ed ADR by 1.19, might see pullback
    • Price reject­ed D1 QHi and has arrived at D1 QLo
      • coin­cid­ing with W1-C‑D 13972.79
    • Price took out some D1 demand dur­ing Asia and is test­ing D1-C‑D 13793.56 now still trad­ing with­in W1 demand
  • H4
    • H4 Bear Engulf at H4 VWAP in DT giv­ing H4-C‑S 14732.91 (at VAL) and price con­tin­ued low­er clos­ing with­in D1 QLo
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • Val­ue cre­at­ed above the pre­vi­ous with price cur­rent­ly overex­tend­ed below value
  • LN Open
    • 2.82xASR Below Val­ue, Out­side Range
    • Huge Imbal­ance, pos­si­ble con­tin­u­a­tion although price trad­ing at D1 QLo, W1/D1 demand
    • Asia extend­ed down exhaust­ing ADR, pos­si­ble uni­di­rec­tion­al day although risky with trad­ing into W1 demand
    • 0.93xASR Wide IBR


  • Hypo 1
    • Long
    • Mean Rever­sion
    • Strength From With­in IBR
  • Hypo 2
    • Short
    • Failed Auc­tion
  • Hypo 3
    • Long
    • Late-Sus­tained Auction
  • Hypo 4
    • Short
    • Return to Val­ue, Auc­tion Fade, pos­si­ble rever­sal at LTF Supply


  • 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


Day trader. Tech geek. Sim Racing Enthusiast.

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