20220225 Premarket Prep DAX - Bear Market Trader
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20220225 Premarket Prep DAX

20220225 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
    • Price trad­ing at MN VWAP in UT
  • 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
    • Price start­ed react­ing off W1 demand

Click to Enlarge

Nar­ra­tive

  • D1
    • D1 trad­ed low­er but closed with a long buy­ing wick react­ing off D1 QLo, W1/D1 Demand
    • Prev. Day Exceed­ed ADR by 1.71
  • H4
    • H4 Three Out­side Up at D1 QLo and con­tin­u­a­tion higher
    • H4 Bear Engulf at H4 VWAP in DT pos­si­ble TC giv­ing H4-C‑S 14231.46 although trad­ing above D1 QLo as well as D1/W1 demand
    • Price trad­ing at H4 QLo
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • Val­ue cre­at­ed below the previous
  • LN Open
    • 0.39xASR ABove Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia extend­ed high­er but con­se­quent­ly trad­ed lower
    • Lon­don opened at new­ly formed H4-C‑S 14231.46
    • 0.62xASR Wide IBR, IB accept­ed val­ue although there is huge demand with­in value

Hypos

  • Hypo 1
    • Long
    • Return to Val­ue, rever­sal, pos­si­ble Failed Auction
  • Hypo 2
    • Short
    • Val­ue Accep­tance, pos­si­ble late-sus­tained auction
    • Pos­si­ble Weak­ness From With­in IBR
  • Hypo 3
    • Long
    • Auc­tion Fade

Clar­i­ty

  • 3

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

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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