20211217 Premarket Prep DAX

17 Dec 20211217 Premarket Prep DAX

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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 51 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 with­in last week’s body after it  probed above (not mak­ing a HH)

Sen­ti­ment

• LN open
  • Below Val­ue, Out­side Range
• Mar­ket Profile
  • Val­ue cre­at­ed above the pre­vi­ous but still with­in over­all range
• Nar­ra­tive
  • D1 QLo reject­ed and price is trad­ing mid swing
  • D1 closed as a Bear­ish Inside Bar with longer sell­ing wick after react­ing off D1 Sup­ply, pos­si­ble con­sol­i­da­tion in prepa­ra­tion for the ‘down’ month in January
  • H4 QHi reject­ed and price is con­sol­i­dat­ing above H4 QLo
  • H4 Bull Engulf in pre­mar­ket above H4 QLo
  • Mixed trend
  • Mod­er­ate to Large Imbalance
  • Prev. Day Exceed­ed ADR by 1.12
• Clar­i­ty (1–5, 5 being best)
  • 4
• Hypo 1
  • Return to Val­ue, rever­sal, pos­si­ble Failed Auc­tion Short
• Hypo 2
  • Sus­tained Auc­tion Up, mean reversion
• Hypo 3
  • Auc­tion Fade Long
• Hypo 4
  • Late-sus­tained auc­tion down
• Hypo 4
  • Failed Auc­tion Long

Addi­tion­al notes

• N.A

ZOIs for Pos­si­ble Shorts

• Not favored in equities
• D1-C‑S 15702.98
• D1-C‑S 15671.13

ZOIs for Pos­si­ble Long

• D1-C‑D 15627.52
• H4-C‑D 15496.33
• W1-C‑S 15398.00

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

• Twit­ter
• Insta­gram