20220321 Premarket Prep DAX - Bear Market Trader
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20220321 Premarket Prep DAX

20220321 Premarket Prep DAX

#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:

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

Larg­er Timeframe

  • MN
    • MN Three Out­side Down with price cur­rent­ly trad­ing right below last month’s body after react­ing off MN demand and QLo
  • W1
    • W1 Three Inside Up reject­ing W1 QLo with price trad­ing with­in last week’s body
    • Pos­si­ble V‑shaped correction

Click to Enlarge

Nar­ra­tive

  • D1
    • D1 Con­sol­i­da­tion below D1-C‑S 14500
    • D1 QLo rejection
  • H4
    • Pos­si­ble H4 Phase 1 / 3 at H4 200MA in DT
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • 2 over­lap­ping values 
  • LN Open
    • Open With­in Value
    • 0.15xASR Tight IBR
    • Asia extend­ed and trad­ed down

Hypos

  • Hypo 1
    • Short
    • Failed Auc­tion, pos­si­ble 3‑I Day
  • Hypo 2
    • Long
    • Auc­tion Fade
  • Hypo 3
    • Long
    • Late-Sus­tained Auc­tion, pos­si­ble Strength From With­in IBR
  • Hypo 4
    • Short Auc­tion Fade

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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