20220620 Premarket Prep DAX

20 Jun 20220620 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 25 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Price made a LL and is trad­ing below body and range
• W1
  • W1 Evening Star with con­tin­u­a­tion clos­ing above W1 200MA, but with­in W1 QLo, leav­ing a lit­tle buy­ing wick
  • Price cur­rent­ly trad­ing below body, with­in range

Nar­ra­tive

• D1
  • D1-C‑S 13340.18 Low in Dist. Curve formed before con­tin­u­a­tion low­er clos­ing with­in D1 QLo
  • D1 Inside Bar at D1 QLo at round num­ber of 13000
• H4
  • Pos­si­ble H4 Phase 1 / 3
  • H4-C‑S 13195 Low in Dist. Curve with­in Val­ue at H4 VWAP in DT
  • Asia closed as a H4 Bull­ish Inside Bar below H4 VWAP, pos­si­ble consolidation
• Trend
  • Trend is Down 3/3
• Mar­ket Profile
  • 2 over­lap­ping val­ues below, 3‑day brack­et­ing range
• LN Open
  • Open With­in Value
  • Asia extend­ed low­er but then reversed back to IB
  • 0.52xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Failed Auc­tion
• Hypo 2
  • Short
  • Failed Auc­tion
• Hypo 3
  • Long
  • Late-Sus­tained Auction
• Hypo 4
  • Short
  • Rever­sal, Auc­tion Fade

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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