20220623 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 cur­rent­ly trad­ing below body and range
• W1
  • W1 Closed with­in W1 QLo and price is cur­rent­ly trad­ing below body

Nar­ra­tive

• D1
  • D1 Evening Star giv­ing D1-C‑S 13245.64 Low in Dist. Curve
  • Price closed with­in some demand but failed to close with­in D1 QLo
  • Price is cur­rent­ly test­ing wide D1 QLo
• H4
  • H4 Bull Engulf giv­ing H4-C‑D 13103.11 reject­ing H4 / D1 QLo with no direct follow-through
  • Instead a Three Inside Down return­ing to H4 QLo with a pos­si­ble base formed and clos­ing with­in new­ly formed H4 demand
• Trend
  • Strong DT 3/3
• Mar­ket Profile
  • Val­ue cre­at­ed extend­ed below the previous
• LN Open
  • Prev. Day Exceed­ed ADR by 1.10
  • 0.27xASR Above Val­ue, Out­side Range (actu­al­ly right on the edge)
  • Mod­er­ate to Large Imbalance
  • Asia extend­ed and trad­ed higher
  • A accept­ed and rotat­ed through val­ue tak­ing out H4 demand, cur­rent­ly trad­ing at OLD H4 demand
  • 0.79xASR IBR
  • Price trad­ing at round num­ber 13000

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Weak­ness From With­in IBR
• Hypo 2
  • Long
  • Failed Auc­tion
• Hypo 3
  • Short
  • Late-Sus­tained Auction
• Hypo 4
  • Long
  • Auc­tion Fade

Clar­i­ty

• 4

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay although a bit tired

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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