20220311 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 react­ed off W1 QLo and W1-C‑D 12585.63
  • Price made a LL and is cur­rent­ly trad­ing with­in last week’s body

Nar­ra­tive

• D1
  • Big D1 Inside Bar although not clos­ing below the 50% mark
  • D1/W1/MN QLo reject­ed through Bull Engulf
• H4
  • H4 con­sol­i­da­tion and break­down with some fol­low-through, although pos­si­ble accu­mu­la­tion at H4 50MA in DT, pos­si­ble devel­op­ing H4 Three Out­side Up
  • H4 swing not acti­vat­ed yet
• Trend
  • Strong DT 3/3
• Mar­ket Profile
  • Wider val­ue cre­at­ed over­lap­ping the previous
• LN Open
  • Open With­in Value
  • Bal­anc­ing Market
  • Asia extend­ed down
  • Tight IBR

Hypos

• Hypo 1
  • Short
  • Failed Auc­tion
  • Pos­si­ble 3‑I Day
• Hypo 2
  • Long
  • Late-Sus­tained Auction
• Hypo 3
  • Short
  • Auc­tion Fade
• Hypo 4
  • 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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