20220525 Premarket Prep DAX

#Fin­twit #DAX #DE30Cash #Mar­ket­Pro­file #Order­flow

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 21 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 returned to MN Base Sup­ply cur­rent­ly trad­ing with­in body after hav­ing made a LL
  • MN QLo test­ed and price trad­ing mid swing
• W1
  • W1 Bull Engulf reject­ing W1 QLo fol­lowed by a Drag­on­fly Doji, price trad­ing below body

Nar­ra­tive

• D1
  • Price closed low­er although with­in D1 Sup­ply leav­ing a longer buy­ing wick
  • D1 Sup­ply with­in Value
  • Pos­si­ble D1 Phase 1 / 3
• H4
  • H4 Three Out­side Up at W1 demand and H4-C‑D 13957.95
  • H4 QHi reject­ed and price is trad­ing mid swing
  • Pos­si­ble H4 Phase 1 / 3
• Trend
  • Mixed Trend, Down, Up, Down
• Mar­ket Profile
  • 3 over­lap­ping values
• LN Open
  • Open With­in Value
  • Open near D1 Supply
  • NY wider than LN
  • 0.51xASR IBR
  • Asia formed a Neu­tral Day

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Failed Auc­tion
• Hypo 2
  • Short
  • Weak­ness From With­in IBR
• Hypo 3
  • Short
  • Late-Sus­tained Auc­tion, con­ges­tion in the way
• Hypo 4
  • Long
  • Auc­tion Fade, pos­si­ble 3‑I Day

Clar­i­ty

• 2

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals
  • Either hit SL or tar­get, reassess after Trad­ing Win­dow Close
  • 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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