20211013 Premarket Prep DAX - Bear Market Trader
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20211013 Premarket Prep DAX

13 Oct 20211013 Premarket Prep DAX

Posted at 10:01h in DAX, Trading Plan by
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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 41 Trad­ing Plan

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

Com­pared against Week­ly Trad­ing Plan

  • Price is trad­ing with­in last week’s body
Click to Enlarge

Non-con­jec­ture obser­va­tions of the market

  • Price action
    • D1 Bull­ish Inside bar with longer buy­ing wick clos­ing above D1 demand
    • H4 con­sol­i­da­tion with a pos­si­ble RBR dur­ing Asia
  • Trend: H4 Up, D1 Down, W1 Up
    • Pre­vail­ing trend: MIXED Trend
  • Mar­ket Profile
    • 2‑day over­lap­ping values.
  • Dai­ly Range
    • ADR: 18122
    • ASR: 15401
      • 3531
    • ASR Short:14406
      • 3602
    • Day
      • Yes­ter­day’s High 15180.30 at VAH
      • Yes­ter­day’s Low  15008.00

Sen­ti­ment

  • LN open
    • With­in Value
  • Open dis­tance to value
    • N.A. 
  • Nar­ra­tive
    • Bal­anc­ing Mar­ket. IB tra­versed high­er 0.62xASR clos­ing above val­ue. C extend­ed and took out sup­ply. Mixed trend but there could be a turn­ing point in sen­ti­ment com­ing if the move is sustained. 
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Sus­tained Auc­tion Up, val­ue rejection
  • Hypo 2
    • Failed Auc­tion Short
  • Hypo 3
    • Auc­tion Fade Short 

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts

  • Not favored in equities
  • D1-C‑S 15207.29

ZOIs for Pos­si­ble Long

  • D1-C‑D 15126.29

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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