20210914 Premarket Prep DAX - Bear Market Trader
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20210914 Premarket Prep DAX

14 Sep 20210914 Premarket Prep DAX

Posted at 09:13h in DAX, Trading Plan by
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#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:

DAX 2021 Week 37 Trad­ing Plan

The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Com­pared against Week­ly Trad­ing Plan

  • Price trad­ing with­in last week’s body above W1 VWAP
Click to Enlarge

Non-con­jec­ture obser­va­tions of the market

  • Price action
    • D1 Returned to D1 QHi tra­vers­ing 1.47xADR
    • H4 Inside Bar at D1 QHi with no con­tin­u­a­tion down instead a BUll Engulf clos­ing with­in new­ly formed supply. 
  • Trend: H4 Down, D1 Up, W1 Up
    • Pre­vail­ing trend: Trend is UP 2/3
  • Mar­ket Profile
    • Val­ue formed right on top of the pre­ced­ing one
  • Dai­ly Range
    • ADR: 16084
    • ASR: 13876
      • 3500
    • Day
      • Yes­ter­day’s High 15787.60
      • Yes­ter­day’s Low 15554.50

Sen­ti­ment

  • LN open
    • Below Val­ue, With­in Range
  • Open dis­tance to value
    • 0.07xASR
  • Nar­ra­tive
    • Mod­er­ate Imbal­ance. Yes­ter­day exceed­ed ADR by 1.47. Asia com­plet­ed a H4 Three Inside Down below D1 QHi. There might be more down­side before a con­tin­ued move higher. 
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Val­ue Acceptance
  • Hypo 2
    • Sus­tained Auc­tion, vari­a­tion to Hypo 1, 
  • Hypo 3
    • Failed Auc­tion Short
  • Hypo 4
    • Auc­tion Fade Short, vari­a­tion to Hypo 1/2 (risky)

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts

  • Not favored in equities
  • H4-C‑S 15721.28

ZOIs for Pos­si­ble Long

  • W1-C‑D 15664.00
  • MN-C‑D 15585.83
  • D1-C‑D 15548.18

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay

Focus Points for trad­ing development

  • Month­ly Goals
    • No momen­tum trades on Non-Farm Fridays
    • Total of 20 trades by the end of the month, prefer­ably 2 a day (not in the same prod­uct at the same time) 
  • Week­ly Goal
    • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
    • No ear­ly exits, either hit SL or 2R target
  • Risk Man­age­ment
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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