20220330 Premarket Prep DAX - Bear Market Trader
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20220330 Premarket Prep DAX

30 Mar 20220330 Premarket Prep DAX

Posted at 08:22h 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 13 Trad­ing Plan

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

Larg­er Timeframe

  • MN
    • Price made a LL but is cur­rent­ly trad­ing with­in last month’s body
    • MN QHi reject­ed but price start­ed reject­ing off MN QHi
  • W1
    • W1 Base after a Three Inside Up
    • W1 QLo rejected
    • Price made a HH and is trad­ing above last week’s body and range

Click to Enlarge

Nar­ra­tive

  • D1
    • Price trad­ed and closed high­er with slight reac­tion off test of D1 QHi
    • Prev. Day Exceed­ed ADR by 1.40
  • H4
    • H4 Bear Engulf at D1 QHi with con­tin­u­a­tion down
  • Trend
    • Trend is Down 2/3
  • Mar­ket Profile
    • Wide val­ue cre­at­ed slight­ly over­lap­ping the top of the previous
  • LN Open
    • 0.00xASR Above Val­ue, With­in Range
    • Ambigu­ous open
    • Mod­er­ate Imbalance
    • 0.43xASR Nor­mal IBR, accept­ed val­ue dur­ing A, formed a base dur­ing B TPO
    • Asia extend­ed and trad­ed lower

Addi­tion­al Notes

  • N.A.

Hypos

  • Hypo 1
    • Short
    • Val­ue Accep­tance, pos­si­ble con­tin­u­a­tion after rotation
  • Hypo 2
    • Long
    • Failed Auc­tion
  • Hypo 3
    • Short
    • Late-Sus­tained Auc­tion Trend Continuation
  • Hypo 4
    • Long
    • Auc­tion Fade

Clar­i­ty

  • 3

Mind­ful Trad­ing (lack of sleep?)

  • Late in the month. I’m in the prof­it for the month so won’t take any unnec­es­sary risks.

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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