20220317 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
  • Yes­ter­day trad­ed and closed higher
  • Prev. Day Exceed­ed ADR by 1.22
  • D1 VWAP in DT BO giv­ing D1-C‑D 14000 tak­ing out D1 Supply
  • MN/W1/D1 QLo rejected
• H4
  • H4 trad­ed high­er and is slow­ing down at D1-C‑S 14500 coin­cid­ing with H4 200MA
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • Val­ue had cre­at­ed val­ue below the pre­vi­ous and now above the over­all range
• LN Open
  • 0.28xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia formed a Neu­tral Day

Hypos

• Hypo 1
  • Short 
  • Rever­sal, D1 Supply
• Hypo 2
  • Long
  • Return to Val­ue, VAH Reversal,
• Hypo 3
  • Long
  • Late-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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