20220609 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 start­ed trad­ing with­in body after hav­ing made a HH
• W1
  • Price made a HH but start­ed react­ing at W1 VWAP in DT
  • Price trad­ing below body with­in range
  • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

• D1
  • Pos­si­ble D1 Phase 1 / 3
  • D1 Three Inside Down clos­ing with­in D1-C‑D 14453.47 (got tak­en out dur­ing IB)
• H4
  • H4 demand tak­en out
  • H4 QHi reject­ed, price trad­ing mid swing
  • Price slow­ing down at H4 LKC in UT
• Trend
  • Trend Change: Mixed Trend, Down, Up, Down,
• Mar­ket Profile
  • 2 over­lap­ping val­ues, price with­in over­all range
• LN Open
  • 0.76xASR Below Val­ue, Out­side Range
  • Large Imbal­ance
  • Prev. Day Exceed­ed ADR by 1.40
  • Asia formed a Neu­tral Day but most­ly trad­ed down
  • 0.71xASR IBR, poten­tial momentum
  • IB took out D1 demand, D1 VWAP not far below could see buy­ers com­ing in

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Late-Sus­tained Auc­tion, pre­ferred Weak­ness From With­in IBR (although cri­te­ria not met), pos­si­ble entry before extension
• Hypo 2
  • Long
  • Late-Sus­tained Auction
• Hypo 3
  • Long
  • Auc­tion Fade
• Hypo 4
  • Short
  • Failed Auc­tion

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