20220518 Premarket Prep DAX - Bear Market Trader
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20220518 Premarket Prep DAX

20220518 Premarket Prep DAX

#Fin­twit #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 with­in body after hav­ing made a LL
  • W1
    • W1 Bull Engulf at W1 QLo, new­ly formed demand test­ed and price made a HH

Click to Enlarge


  • D1
    • Price closed high­er with­in D1 Sup­ply giv­ing D1-C‑D 14111.33 High in Dist. Curve, but failed to take it out and close with­in D1 QHi
    • Prev. Day Exceed­ed ADR by 1.00
  • H4
    • H4 closed high­er with­in Wide H4 QHi
    • H4 Bear Engulf and slight con­tin­u­a­tion lower
  • Trend
    • Trend is UP 2/3
  • Mar­ket Profile
    • Val­ue cre­at­ed above the previous
  • LN Open
    • 0.03xASR Above Val­ue, With­in Range
    • Mod­er­ate Imbalance
    • Asia formed a Neu­tral Day but most­ly trad­ed down
    • 0.37xASR IBR
    • A TPO accept­ed val­ue, B closed lower
    • D1 demand below VAL

Addi­tion­al Notes

  • NY wider than LN


  • Hypo 1
    • Short
    • Val­ue Accep­tance, pos­si­ble sus­tained auction 
  • Hypo 2
    • Long
    • Failed Auc­tion
  • Hypo 3
    • Long
    • Auc­tion Fade


  • 3

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay

Focus Points for trad­ing development

  • Month­ly Goals
    • Either hit SL or tar­get, reassess after Trad­ing Win­dow Close
    • 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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