20220622 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

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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 Closed with­in W1 QLo, pulled back to test W1 QLo from the inside and is cur­rent­ly trad­ing below body
  • Price trad­ing with­in W1 demand

Nar­ra­tive

• D1
  • D1 Inside Bar at D1 QLo with not much con­tin­u­a­tion, instead some consolidation
  • Price is cur­rent­ly test­ing D1 QLo again
• H4
  • H4 Bear Engulf at D1 Sup­ply Low in Dist. Curve, coin­cid­ing with H4 50MA in DT,  fol­lowed by a Phase 4 cur­rent­ly test­ing OLD H4 demand / H4 QLo
• Trend
  • Strong DT 3/3
• Mar­ket Profile
  • Val­ue cre­at­ed above the pre­vi­ous 3‑day range
• LN Open
  • 1.02xASR Below Val­ue, Out­side Range
  • Large Imbal­ance
  • Asia opened and direct­ly extend­ed and trad­ed lower
  • ADR Exhaus­tion not far below LN open, pos­si­ble Uni­di­rec­tion­al Day
  • LN wider than NY
  • 0.54xASR IBR
  • Price trad­ing at round num­ber 13000

Addi­tion­al Notes

• N.A. 

Hypos

• Hypo 1
  • Long
  • Sus­tained Auction
• Hypo 2
  • Short
  • Late-Sus­tained Auc­tion, risky trad­ing into D1 QLo
• Hypo 3
  • Long
  • Failed Auc­tion
• Hypo 4
  • Short
  • 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

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