20220629 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

See more

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
  • Price took out MN Base Demand and is near­ing MN-C‑D 12765.57
• W1
  • W1 Spin­ning Top with slight­ly longer buy­ing wick with­in W1 QLo, W1 demand

Nar­ra­tive

• D1
  • Pos­si­ble D1 Phase 1 / 3
  • 2nd D1 Invert­ed Ham­mer react­ing off D1 Sup­ply Low in Dis. Curve
  • Price failed to close with­in new­ly formed demand and D1 QLo
• H4
  • Big H4 Three Inside Down with no imme­di­ate con­tin­u­a­tion, instead some con­sol­i­da­tion and break­down giv­ing H4-C‑S 13132.73 Low in Dist. Curve
  • H4 QHi reject­ed, price trad­ing mid swing
• Trend
  • Trend Change from 2/3 to Strong DT 3/3
• Mar­ket Profile
  • 2 over­lap­ping val­ues at the top of the range
• LN Open
  • Prev. Day Exceed­ed ADR by 1.06
  • 0.93xASR Below Val­ue, Out­side Range
  • Large Imbal­ance
  • Asia formed a Neu­tral Day trad­ing sideways
  • Open at yesterday’s low and D1 QLo
  • 0.58xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Rever­sal, pos­si­ble Failed Auction
• Hypo 2
  • Short
  • Late-Sus­tained Auc­tion, risky trad­ing right into D1 demand, D1 QLo
• Hypo 3
  • Long
  • Auc­tion Fade

Clar­i­ty / Confidence

• 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

• Twit­ter
• Insta­gram