Bear Market Trader | Premarket Prep D30 DAX
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Premarket Prep DE30 DAX 09082020

Premarket Prep DE30 DAX 09082020

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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

  • Morn­ing Star formed at D1-C‑D 12906.92 and price is trad­ing with­in over­head sup­ply cre­at­ed by pre­vi­ous large D1 Bear Engulf D1-C‑S 13729.96
  • Mar­ket Profile
    • ADR: 27777
    • ASR: 17486
    • Day
      • Yes­ter­day’s High 13155.45
      • Yes­ter­day’s Low 12868.36
      • Price with­in above day range
    • Loca­tions
      • D1-C‑D 12996.78 at VAL

Com­pared against Week­ly Trad­ing Plan

  • Trad­ing with­in MN QHi, cur­rent­ly above last month’s range with­in MN-C‑S 12936.82
  • Trad­ing with­in last week’s body


  • Sen­ti­ment
    • LN open
      • Above val­ue, out­side range
    • Open dis­tance to val­ue: 0.4xASR
    • Sen­ti­ment
      • Nor­mal­ly a mean rever­sion and it seems IB already took it back to VAH
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1 — Return to Val­ue (long)
    • Low­er time frame con­fir­ma­tion of rever­sal at VAH and go long, pre­ferred retrac­ing to IB high andex­ten­sion up
  • Hypo 2 — Val­ue accep­tance (short, unsafe!)

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts (very risky)

  • D1-C‑S 13729.96
  • W1-C‑S 13423.12

ZOIs for Pos­si­ble Long

  • D1-C‑D 13098.56 BASE
  • D1-C‑D 12997.12

Mind­ful Trading

  • A bit tired

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
    • OK to take 1R when in DD
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING


Day trader. Tech geek. Sim racer/Pilot.

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