20220602 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 22 Trad­ing Plan

See more

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

Larg­er Timeframe

• MN
  • Price trad­ing with­in last month’s body
• W1
  • Price see­ing some reac­tion off W1 VWAP in DT after hav­ing made a HH
  • Price trad­ing with­in body
  • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

• D1
  • D1 Bear Engulf reject­ing D1 QHi, with fol­low-through clos­ing lower
• H4
  • H4 QHi reject­ed and price broke down from H4 VWAP
  • H4 DBD
• Trend
  • Trend is UP 2/3
• Mar­ket Profile
  • 2 over­lap­ping values
• LN Open
  • 0.08xASR Below Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia trad­ed higher
  • 0.43xASR IBR
  • A accept­ed value

Addi­tion­al Notes

• NFP tomor­row

Hypos

• Hypo 1
  • Long
  • Val­ue Accep­tance, pos­si­ble con­tin­u­a­tion if there is a rota­tion, late-sus­tained auc­tion, although trad­ing right into D1 Sup­ply / D1 QHi is very risky to say the least although W1 nar­ra­tive could sup­port it.
• Hypo 2
  • Short
  • Return to Val­ue, Rever­sal, Failed Auction
• Hypo 3
  • Short
  • Auc­tion Fade
• Hypo 4
  • Long
  • Auc­tion Fade

Clar­i­ty

• 3

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

• Twit­ter
• Insta­gram