Bear Market Trader | Premarket Prep D30 DAX
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Premarket Prep DE30 DAX 08272020

Premarket Prep DE30 DAX 08272020

#day­trade #day­trad­ing #forex #FX #INDEX #INDICES #DAX #DE30 #trade­plan #trad­ing­plan #trad­ing­forex #trad­inglifestyle #day­trader­life #trad­ing­forex #day­trad­ing

This is my pre­mar­ket prep for today’s Euro­pean ses­sion for DE30 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.

Non-con­jec­ture obser­va­tions of the market

  • D1 RBR (D1-C‑D 13098.56 BASE) price trad­ing with­in over­head supply
  • Mar­ket Profile
    • mul­ti ‑day bracketing
    • ADR: 20198
    • ASR: 17203
    • Ses­sion
      • High 13262.36
      • Low 13006.60
      • Price with­in ses­sion range
    • Loca­tions
      • D1-C‑D 13098.56 BASE line in the sand with­in value

Com­pared against Week­ly Trad­ing Plan

  • Trad­ing with­in W1 sup­ply phase 3 range
  • Trad­ing with­in MN supply
  • With­in D1 QHi


  • Sen­ti­ment
    • LN open
      • Above val­ue, out­side range
    • Open dis­tance to val­ue: 0.4x ASR
    • IB
      •  M30 Bear Engulf return to val­ue, B pos­si­ble bounce of VAH
    • Sen­ti­ment
      • Bull­ish if B clos­es as a bull Engulf, with being inside yesterday’s range could be a good oppor­tu­ni­ty. Low­er time frame sup­plies made out­side RTH so not as important.
  • Clar­i­ty (1–5, 5 being best)
    • 2
  • Hypo 1 — Long
    • Return to val­ue, IB exten­sion up
  • Hypo 2 — Short (unsafe)
    • Val­ue Acceptance

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts

  • D1-C‑S 13131.34

ZOIs for Pos­si­ble Long

  • D1-C‑D 13098.56 BASE

Mind­ful Trading

  • Slept okay

Focus Points for trad­ing development

  • Week­ly Goal
    • For­mu­late hypos in order of like­li­hood and track with actu­al devel­op­ment on the day
    • Incor­po­rate pro­file day type
  • Trad­ing Rules
    • If Open out­side of val­ue con­sid­er the place­ment in rela­tion to ADR 
    • Don’t take into con­sid­er­a­tion medi­um time frame c‑lines past 24 hours
    • FX with­in val­ue > DAX
  • Risk Man­age­ment
    • 3 trades 1% risk, 3rd trade only if first 2 worked out
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING

Day trader. Tech geek. Sim Racing Enthusiast.

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