20220223 Premarket Prep DAX - Bear Market Trader
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20220223 Premarket Prep DAX

23 Feb 20220223 Premarket Prep DAX

Posted at 09:18h 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 8 Trad­ing Plan

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

Larg­er Timeframe

  • MN
    • Pos­si­ble devel­op­ing MN Three Out­side Down
    • MN demand tak­en out
  • W1
    • Price took out W1 demand and is cur­rent­ly trad­ing below last week’s body and range

Click to Enlarge

Nar­ra­tive

  • D1
    • D1 Bull­ish Inside Bar (after W1/D1 demand was tak­en out)
    • Devel­op­ing D1 C‑Dem at VAH
    • Prev. Day Exceed­ed ADR by 1.35
    • D1 QHi reject­ed, price trad­ing mid swing
  • H4
    • Big Bull Engulf giv­ing H4-C‑D 14450.58
      • Reject­ed H4 QLo, price trad­ing mid swing
    • Some pull­back but then slow crawl high­er cur­rent­ly test­ing H4 VWAP in DT
  • Trend
    • Trend Change to Mixed trend from DT 2/3
  • Mar­ket Profile
    • 2 over­lap­ping val­ues indi­cat­ing slowdown
  • LN Open
    • Open With­in Value
    • Devel­op­ing D1 C‑Dem at VAH near open
    • Prev. Day High at VAH
    • Asia formed a Neu­tral Day but trad­ed higher

Hypos

  • Hypo 1
    • Short
    • Failed Auc­tion
  • Hypo 2
    • Long
    • Late-Sus­tained Auc­tion Entry
    • LTF sup­ply needs to be tak­en out and close above IB and Asia
    • Pos­si­ble Strength From WIth­in IBR
  • Hypo 3
    • Long
    • Failed Auc­tion
  • Hypo 4
    • Short
    • Auc­tion Fade
    • Pos­si­bly near ADR exhaus­tion, H4 Supply

Clar­i­ty

  • 3

Addi­tion­al notes

  • N.A.

Mind­ful Trad­ing (lack of sleep?)

  • Feel­ing okay

Focus Points for trad­ing development

  • Month­ly Goals
    • No momen­tum trades on Non-Farm Fridays
    • No ear­ly exits, either hit SL or target
    • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
  • 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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