20220105 Premarket Prep DAX - Bear Market Trader
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20220105 Premarket Prep DAX

05 Jan 20220105 Premarket Prep DAX

Posted at 09:45h 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 2022 Week 1 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 above last month’s / week’s body and range
  • Price trad­ing with­in W1 supply

Click to Enlarge

Sen­ti­ment

  • LN open
    • Ambigu­ous open although 0.05xASR Above Val­ue, Out­side Range
  • Mar­ket Profile
    • Wide val­ue cre­at­ed yes­ter­day slight­ly over­lap­ping the pre­vi­ous high
  • Nar­ra­tive
    • D1 Phase 2
    • Price trad­ing deep­er with­in D1 QHi with no test of D1-C‑S 16250 (yet)
    • Trend is UP 3/3
    • Price trad­ing at old H4 supply
    • Asia trad­ed high­er after trad­ing down form­ing a Neu­tral Day
    • Mod­er­ate Imbalance
    • Prev. Day Exceed­ed ADR by 1.07, pos­si­ble momen­tum behind the move
  • Clar­i­ty (1–5, 5 being best)
    • 4
  • Hypo 1
    • Return to Val­ue, VAH rever­sal long, pos­si­ble Failed Auc­tion Long
  • Hypo 2
    • Sus­tained Auc­tion Long
  • Hypo 3
    • Val­ue Acceptance
  • Hypo 4
    • Auc­tion Fade Short

Addi­tion­al notes

  • N.A

ZOIs for Pos­si­ble Shorts

  • Not favored in equities
  • D1-C‑S 16250
  • W1-C‑S 16102.51

ZOIs for Pos­si­ble Long

  • D1-C‑D 15850.32
  • D1-C‑D 15393.40

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing Okay

Focus Points for trad­ing development

  • Month­ly Goals
    • No momen­tum trades on Non-Farm Fridays
    • Total of 15 trades by the end of the month, can take 2 a day (not in the same prod­uct at the same time) 
    • No ear­ly exits, either hit SL or 2R target
    • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
  • Process
    • Keep trade review com­ments short
  • 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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