Bear Market Trader | Premarket Prep DAX - London session
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20220324 Premarket Prep DAX

20220324 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 price cur­rent­ly trad­ing right below last month’s body after react­ing off MN demand and QLo
  • W1
    • W1 Three Inside Up reject­ing W1 QLo with price trad­ing with­in last week’s body
    • Pos­si­ble V‑shaped correction
    • Price made a HH and is trad­ing with­in last week’s body

Click to Enlarge


  • D1
    • D1 Bear Engulf react­ing off D1-C‑S 14500 clos­ing below con­sol­i­dat­ing range tak­ing out D1 demand
    • Prev. Day Exceed­ed ADR by 1.14
    • D1 QLo reject­ed with price trad­ing mid swing
  • H4
    • H4 Bull Engulf giv­ing H4-C‑D 14232.59 
  • Trend
    • Trend change: Trend is Down 3/3
  • Mar­ket Profile
    • Brack­et­ing range with yesterday’s val­ue being wider than usual
  • LN Open
    • 0.11xASR Below Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • 0.21xASR Tight IBR
    • Asia formed a Neu­tral Day but pre­dom­i­nant­ly trad­ed higher
    • IB accept­ed value


  • Hypo 1
    • Long
    • Val­ue Acceptance
  • Hypo 2
    • Short
    • VAL rever­sal, pos­si­ble Failed Auction
  • Hypo 3
    • Short
    • Auc­tion Fade


  • 3

Addi­tion­al notes

  • N.A.

Mind­ful Trad­ing (lack of sleep?)

  • 2 con­sec­u­tive days of lack of sleep = NO TRADING — I will just sit and observe

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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