20220512 Premarket Prep DAX - Bear Market Trader
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20220512 Premarket Prep DAX

20220512 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 DBD
    • Price made a LL and is cur­rent­ly trad­ing below body but ducked back with­in range
  • W1
    • Pos­si­ble W1 Phase 4
    • Price made a LL and is cur­rent­ly trad­ing below body but ducked with­in range
    • Price trad­ing with­in W1 demand
    • Price trad­ing at W1 QLo

Click to Enlarge


  • D1
    • Weak D1 Three Out­side Up giv­ing D1-C‑D 13585.52 at W1 QLo
    • D1 QHi reject­ed, price trad­ing mid swing
  • H4
    • H4 QHi rejected
    • H4 DBD giv­ing H4-C‑S 13666.15 BASE
  • Trend
    • Mixed Trend, Down, Up, Down
  • Mar­ket Profile
    • 3 over­lap­ping val­ues after DT
  • LN Open
    • 0.15xASR Below Val­ue, With­in Range
    • Asia extend­ed and trad­ed down
    • 0.84xASR Wide IBR
    • B TPO accept­ed val­ue, con­ges­tion at VAH as well as ASR exhaustion

Addi­tion­al Notes

  • N.A.


  • Hypo 1
    • Short
    • Weak­ness From With­in IBR
  • Hypo 2
    • Short
    • Failed Auc­tion
  • Hypo 3
    • Long
    • Val­ue Acceptance
  • Hypo 4
    • Long
    • Strength From With­in IBR


  • 2

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay but will take it easy

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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