20220310 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 10 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
  • Price trad­ing at MN QLo and with­in MN-C‑D 12765.57
  • Price trad­ing below last month’s body and range but is react­ing off MN QLo
• W1
  • Price trad­ing with­in W1 QLo and W1-C‑D 12585.63
  • Price made a LL and is cur­rent­ly trad­ing with­in last week’s body

Nar­ra­tive

• D1
  • Con­tin­u­a­tion to the D1 Bull Engulf trad­ing high­er return­ing to D1-C‑S 13889.94 a Base sup­ply level
  • Prev. Day Exceed­ed ADR by 1.74
• H4
  • H4 slow­down at D1 Supply
  • H4 swing not acti­vat­ed (yet)
• Trend
  • Strong DT 3/3
• Mar­ket Profile
  • Val­ue cre­at­ed above the previous
• LN Open
  • 0.59xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia formed a Neu­tral Day
  • 0.78xASR Wide IBR

Hypos

• Hypo 1
  • Long
  • Return to Val­ue, VAH rever­sal, Pos­si­ble Failed Auction
• Hypo 2
  • Short
  • Late-Sus­tained Auc­tion, mon­i­tor for Val­ue acceptance
• Hypo 3
  • Short
  • Weak­ness From With­in IBR
• Hypo 4
  • Long
  • Auc­tion Fade

Clar­i­ty

• 3

Addi­tion­al notes

• N.A.

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing tired so will take extra caution

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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