20220318 Premarket Prep DAX - Bear Market Trader
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20220318 Premarket Prep DAX

20220318 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
    • Trad­ing below last month’s body but with­in range
  • W1
    • W1 react­ed off W1 QLo and W1 demand clos­ing as a Bull­ish Inside Bar (week­end over­lap trad­ing added)
    • Price trad­ing above last week’s body and extend­ed the range mak­ing a HH
    • Pos­si­ble devel­op­ing W1 Three Inside Up

Click to Enlarge


  • D1
    • D1 Inside Bar with slight­ly longer buy­ing wick formed react­ing off D1-C‑S 14500
    • D1 QLo reject­ed and price is trad­ing mid swing
  • H4
    • H4 Bear Engulf at H4 200MA in DT with not much fol­low-through (yet). Instead some consolidation.
    • H4 Bull Engulf with­in con­sol­i­da­tion not clear­ing the range
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • Wide Val­ue cre­at­ed on top of the previous
  • LN Open
    • Open With­in Value
    • 0.15xASR Tight IBR
    • Asia formed a Neu­tral Day but pre­dom­i­nant­ly trad­ed down


  • Hypo 1
    • Long
    • Late-Sus­tained Auc­tion, pos­si­ble Strength From With­in IBR
  • Hypo 2
    • Short
    • Failed Auc­tion, pos­si­ble 3‑I Day
  • Hypo 3
    • Short 
    • Auc­tion Fade
  • Hypo 4
    • Long
    • 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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