20220329 Premarket Prep DAX - Bear Market Trader
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20220329 Premarket Prep DAX

20220329 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 made a LL but is cur­rent­ly trad­ing with­in last month’s body
    • MN QHi reject­ed but price start­ed reject­ing off MN QHi
  • W1
    • W1 Base after a Three Inside Up
    • W1 QLo rejected
    • Price made a HH

Click to Enlarge


  • D1
    • Pos­si­ble D1 Phase 1 / 3
    • Price trad­ed and closed high­er tak­ing out D1 Sup­ply (still trad­ing in old­er D1 Supply
    • D1 QLo reject­ed, price trad­ing mid swing
    • Prev. Day Exceed­ed ADR by 1.16
  • H4
    • H4 Inside Bar at D1 Sup­ply with­out con­tin­u­a­tion, instead a slow crawl higher
    • Price took out H4 QHi and closed higher
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • Wide val­ue cre­at­ed above the pre­vi­ous although still with­in over­all range (at the top)
  • LN Open
    • 0.23xASR Above Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • 0.48xASR Nor­mal IBR, IB formed a Bear Engulf
    • Asia extend­ed and trad­ed higher

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Val­ue Acceptance
  • Hypo 2
    • Long
    • Return to Val­ue, VAH Rever­sal, risky with bear engulf right above, per­haps best for price to clear that first
    • Pos­si­ble Failed Auction
  • Hypo 3
    • Short
    • Auc­tion Fade
  • Hypo 4
    • Long
    • Auc­tion Fade


  • 3

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing a bit tired, late in the month. I’m in the prof­it for the month so won’t take any unnec­es­sary risks.

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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