20220225 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 2022 Week 8 Trad­ing Plan

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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
  • Price trad­ing at MN VWAP in UT
• W1
  • Price took out W1 demand and is cur­rent­ly trad­ing below last week’s body and range
  • Price con­tin­ued low­er and is near­ing W1-C‑D 13972.79
  • Price start­ed react­ing off W1 demand

Nar­ra­tive

• D1
  • D1 trad­ed low­er but closed with a long buy­ing wick react­ing off D1 QLo, W1/D1 Demand
  • Prev. Day Exceed­ed ADR by 1.71
• H4
  • H4 Three Out­side Up at D1 QLo and con­tin­u­a­tion higher
  • H4 Bear Engulf at H4 VWAP in DT pos­si­ble TC giv­ing H4-C‑S 14231.46 although trad­ing above D1 QLo as well as D1/W1 demand
  • Price trad­ing at H4 QLo
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • Val­ue cre­at­ed below the previous
• LN Open
  • 0.39xASR ABove Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia extend­ed high­er but con­se­quent­ly trad­ed lower
  • Lon­don opened at new­ly formed H4-C‑S 14231.46
  • 0.62xASR Wide IBR, IB accept­ed val­ue although there is huge demand with­in value

Hypos

• Hypo 1
  • Long
  • Return to Val­ue, rever­sal, pos­si­ble Failed Auction
• Hypo 2
  • Short
  • Val­ue Accep­tance, pos­si­ble late-sus­tained auction
  • Pos­si­ble Weak­ness From With­in IBR
• Hypo 3
  • Long
  • 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

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