20220608 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 23 Trad­ing Plan

See more

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

Larg­er Timeframe

• MN
  • Price made a HH and is trad­ing above body
• W1
  • Price made a HH
  • Pos­si­ble devel­op­ing RBR, although trad­ing at W1 VWAP could see sell­ers com­ing in
  • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

• D1
  • Pos­si­ble D1 Phase 1 / 3
  • Yes­ter­day closed as a Ham­mer but failed to close with­in D1 Supply
• H4
  • H4 Bull Engulf formed at old H4 demand giv­ing H4-C‑D 14547.05 High in Dist. Curve at VAH
• Trend
  • Trend is UP 2/3
• Mar­ket Profile
  • Val­ue cre­at­ed below the pre­vi­ous, trad­ing with­in over­all range
• LN Open
  • 0.42xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • 0.8xASR Wide IBR
  • IB accept­ed value
  • Asia extend­ed higher

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Failed Auc­tion
• Hypo 2
  • Short
  • Weak­ness From With­in IBR
• Hypo 3
  • Short
  • Late-Sus­tained Auc­tion, in case of a val­ue rotation
• 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