20220314 Premarket Prep DAX

14 Mar 20220314 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 11 Trad­ing Plan

The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Larg­er Timeframe

• MN
  • Price trad­ing below last month’s range and start­ed react­ing off MN QLo and MN Demand
• W1
  • W1 react­ed off W1 QLo and W1 demand clos­ing as a Bull­ish Inside Bar (week­end over­lap trad­ing added)

Nar­ra­tive

• D1
  • D1 QLo rejected
  • D1 trad­ing at D1 VWAP in DT
  • Price retraced to D1 Base Sup­ply level
  • Prev. Day Exceed­ed ADR by 1.25
• H4
  • H4 Three Inside DOwn with no con­tin­u­a­tion, instead some demand cre­at­ed at H4 VWAP in UT
• Trend
  • Trend is Down 2/3
  • H4: UP
  • D1: Down
  • W1: Down
• Mar­ket Profile
  • 3 over­lap­ping val­ues with the last being wider than usual
• LN Open
  • Open With­in Value
  • Bal­anc­ing Market
  • Asia extend­ed high­er but pulled back with­in IBR
  • 0.21xASR Tight IBR

Hypos

• Hypo 1
  • Short
  • Rever­sal, pos­si­bly at ADR 0.5, pos­si­ble Failed Auc­tion, pos­si­ble 3‑I Day
• Hypo 2
  • Long
  • Late-Sus­tained Auc­tion, prefer­ably clos­ing above VAH as well
• Hypo 3
  • Short
  • 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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