20220627 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 26 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 Spin­ning Top with slight­ly longer buy­ing wick formed at W1 200MA
  • Price trad­ing with­in W1 QLo

Nar­ra­tive

• D1
  • D1 Bull Engulf reject­ing D1 QLo giv­ing D1-C‑D 13091.08
  • Small Inside Bar cre­at­ed over the weekend
  • Price trad­ing at D1-C‑S 13245.64 Low in Dist. Curve
• H4
  • H4 QLo reject­ed, price trad­ing mid swing although near­ing H4 QHi
  • Pos­si­ble start of H4 Range after DT
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • 3 over­lap­ping values
• LN Open
  • Prev. Day Exceed­ed ADR by 1.23
  • LN wider than NY
  • 0.69xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia formed a Neu­tral Day
  • 0.92xASR Wide IBR

Addi­tion­al Notes

• N.A.

Hypos

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

Clar­i­ty / Confidence

• 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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