Bear Market Trader | Premarket Prep DAX - London session
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20220314 Premarket Prep DAX

20220314 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 below last month’s range and start­ed react­ing off MN QLo and MN Demand
  • W1
    • W1 react­ed off W1 QLo and W1 demand clos­ing as a Bull­ish Inside Bar (week­end over­lap trad­ing added)

Click to Enlarge


  • D1
    • D1 QLo rejected
    • D1 trad­ing at D1 VWAP in DT
    • Price retraced to D1 Base Sup­ply level
    • Prev. Day Exceed­ed ADR by 1.25
  • H4
    • H4 Three Inside DOwn with no con­tin­u­a­tion, instead some demand cre­at­ed at H4 VWAP in UT
  • Trend
    • Trend is Down 2/3
    • H4: UP
    • D1: Down
    • W1: Down
  • Mar­ket Profile
    • 3 over­lap­ping val­ues with the last being wider than usual
  • LN Open
    • Open With­in Value
    • Bal­anc­ing Market
    • Asia extend­ed high­er but pulled back with­in IBR
    • 0.21xASR Tight IBR


  • Hypo 1
    • Short
    • Rever­sal, pos­si­bly at ADR 0.5, pos­si­ble Failed Auc­tion, pos­si­ble 3‑I Day
  • Hypo 2
    • Long
    • Late-Sus­tained Auc­tion, prefer­ably clos­ing above VAH as well
  • Hypo 3
    • Short
    • Auc­tion Fade


  • 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


Day trader. Tech geek. Sim Racing Enthusiast.

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