20220412 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 15 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
  • MN QHi reject­ed price trad­ing mid swing
  • Pos­si­bly devel­op­ing a MN DBD
  • Price cur­rent­ly trad­ing below last month’s body, but still with­in range
• W1
  • Last week closed as a W1 Bear Engulf
  • W1 QLo reject­ed, price trad­ing mid swing
  • Price cur­rent­ly trad­ing below last week’s body and range mak­ing a LL

Nar­ra­tive

• D1
  • D1 QHo reject­ed, price near­ing QLo coin­cid­ing with D1-C‑D 13918.70
  • Prev. Day Exceed­ed ADR by 1.10
• H4
  • H4 Phase 3 tran­si­tion to 4, price near­ing H4 QLo
  • Price test­ing H4/D1 QLo, D1 demand
• Trend
  • Strong DT
• Mar­ket Profile
  • 4‑day brack­et­ing range, price cur­rent­ly trad­ing below value
• LN Open
  • 0.88xASR Below Val­ue, Out­side Range
  • Mod­er­ate to Large Imbal­ance, although very close to being a large imbal­ance, pos­si­ble sign of momen­tum in line with prev. Day exceed­ing ADR
  • Asia formed a Neu­tral Day but pre­dom­i­nant­ly trad­ed lower

Addi­tion­al Notes

• N.A. 

Hypos

• Hypo 1
  • Long
  • Mean Rever­sion, Sus­tained Auction
  • LTF sup­ply in the way, pos­si­ble late-sus­tained auction
• Hypo 2
  • Short
  • Auc­tion Fade
• Hypo 3
  • Short
  • Failed Auc­tion, if mean rever­sion doesn’t fol­low-through in the first 2 hours

Clar­i­ty

• 3

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing not too sharp, be cautious.

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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