20220624 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
  • Price closed with­in W1 QLo
  • Price made a LL and is trad­ing below body, but with­in range

Nar­ra­tive

• D1
  • Price took out D1 demand and closed with­in D1 QLo how­ev­er failed to close with­in D1-C‑D 12900
  • D1 QLo very wide, pos­si­ble continuation
• H4
  • H4 DBD giv­ing H4-C‑S 13081.13 Low in Dist. Curve, just above VAH
  • H4 Three Inside Up at D1 Demand fol­lowed by a H4 Bear­ish Inside Bar react­ing off D1 QLo inside
• Trend
  • Strong DT 3/3
• Mar­ket Profile
  • 2 over­lap­ping val­ues, yesterday’s val­ue wider than usual
• LN Open
  • Open With­in Value
  • Asia formed a Neu­tral Day but most­ly trad­ed higher
  • Prev. Day Exceed­ed ADR by 1.21
  • LN wider than NY
  • A TPO closed below VAL
  • 0.34xASR IBR
  • B closed as a Bull­ish Inside Bar although below VAL

Addi­tion­al Notes

• Pos­si­ble Fri­day Profit-Taking

Hypos

• Hypo 1
  • Long
  • Failed Auc­tion, for­ward-test­ing a pos­si­ble Rever­sal with­in IB
• Hypo 2
  • Short
  • Late-Sus­tained Auction
• Hypo 3
  • Short
  • Failed Auc­tion
• Hypo 4
  • Long
  • Auc­tion Fade

Clar­i­ty

• 2

Mind­ful Trad­ing (lack of sleep?)

• A bit tired, will take it easy

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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