20220315 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

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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 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)
  • Price trad­ing above last week’s body but still with­in range

Nar­ra­tive

• D1
  • D1 closed high­er but with slight reac­tion clos­ing right at D1 VWAP in DT
  • Price retraced to D1 Base Sup­ply level
  • D1 QLo rejected
• H4
  • H4 Bear Engulf at old sup­ply giv­ing H4-C‑S 14000 price reject­ed H4 QHi with no imme­di­ate con­tin­u­a­tion, instead some consolidation
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • 4 over­lap­ping values
• LN Open
  • 0.02xASR Below Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia formed a Neu­tral day but pre­dom­i­nant­ly trad­ed lower

Hypos

• Hypo 1
  • Short
  • Return to Val­ue, VAL rever­sal, pos­si­ble Failed auction
• Hypo 2
  • Long
  • Val­ue Acceptance
• Hypo 3
  • Short
  • Sus­tained Auction
• 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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