20220302 Premarket Prep DAX - Bear Market Trader
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20220302 Premarket Prep DAX

20220302 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
    • MN Three Out­side Down with slight buy­ing wick off of MN VWAP in UT
    • MN QHi rejected
    • Price trad­ing below last month’s body and range has made a LL
  • W1
    • Price trad­ing at W1 QLo and has left a buy­ing wick
    • Price trad­ing with­in W1 demand, near­ing W1 demand End

Click to Enlarge


  • D1
    • Price took out D1 demand and closed low­er as a D1 Bear Engulf after a speedbump
    • Price closed with­in W1 demand, as well as D1/W1 QLo, although above D1-C‑D 13793.56
    • Prev. Day Exceed­ed ADR by 1.51
  • H4
    • H4 Bear Engulf giv­ing H4-C‑S 13892.02 but failed to close with­in D1 demand
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • 4‑day brack­et­ing range
  • LN Open
    • 0.73xASR Below Val­ue, Out­side Range
    • Mod­er­ate to Large Imbalance
    • Open at yesterday’s low
    • Asia formed a Neu­tral Day but pre­dom­i­nant­ly trad­ed down


  • Hypo 1
    • Short
    • Return to Val­ue, VAL rever­sal, pos­si­ble Failed Auction
  • Hypo 2
    • Long
    • Late-Sus­tained Auction
  • Hypo 3
    • Long
    • Auc­tion Fade


  • 3

Addi­tion­al notes

  • N.A.

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing tired so will take extra caution

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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