Bear Market Trader | Premarket Prep DAX - London session
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20220311 Premarket Prep DAX

20220311 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
    • Price trad­ing at MN QLo and with­in MN-C‑D 12765.57
    • Price trad­ing below last month’s body and range but is react­ing off MN QLo
  • W1
    • Price react­ed off W1 QLo and W1-C‑D 12585.63
    • Price made a LL and is cur­rent­ly trad­ing with­in last week’s body

Click to Enlarge

Nar­ra­tive

  • D1
    • Big D1 Inside Bar although not clos­ing below the 50% mark
    • D1/W1/MN QLo reject­ed through Bull Engulf
  • H4
    • H4 con­sol­i­da­tion and break­down with some fol­low-through, although pos­si­ble accu­mu­la­tion at H4 50MA in DT, pos­si­ble devel­op­ing H4 Three Out­side Up
    • H4 swing not acti­vat­ed yet
  • Trend
    • Strong DT 3/3
  • Mar­ket Profile
    • Wider val­ue cre­at­ed over­lap­ping the previous
  • LN Open
    • Open With­in Value
    • Bal­anc­ing Market
    • Asia extend­ed down
    • Tight IBR

Hypos

  • Hypo 1
    • Short
    • Failed Auc­tion
    • Pos­si­ble 3‑I Day
  • Hypo 2
    • Long
    • Late-Sus­tained Auction
  • Hypo 3
    • Short
    • Auc­tion Fade
  • Hypo 4
    • 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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