20220301 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 9 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
  • MN Three Out­side Down with slight buy­ing wick off of MN VWAP in UT
  • MN QHi rejected
  • Price trad­ing with­in last month’s body
• W1
  • Price trad­ing at W1 QLo and has left a buy­ing wick

Nar­ra­tive

• D1
  • Pos­si­ble D1 Phase 1
  • Prev. Day Exceed­ed ADR by 1.34
• H4
  • Price trad­ing at H4 QHi
  • H4-C‑D 14215.92 with­in value
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • 3‑day over­lap­ping brack­et range
• LN Open
  • 0.35xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia extend­ed higher

Hypos

• Hypo 1
  • Long
  • Return to Val­ue, VAH Rever­sal, pos­si­ble Failed Auction
• Hypo 2
  • Short
  • Late-Sus­tained Auc­tion, pos­si­bly after val­ue accep­tance and rotation
• 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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