20220704 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 27 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
  • BIg can­dle down form­ing a MN DBD
  • Price trad­ing at MN demand and MN QLo (although not touched yet)
• W1
  • Price trad­ing with­in W1 demand and W1 QLo
  • Price trad­ing below body but with­in range

Nar­ra­tive

• D1
  • D1 Bull­ish Inside Bar at D1-C‑D 12900 (near round number)
  • Price trad­ing with­in wide D1 QLo
• H4
  • H4 Bull Engulf giv­ing H4-C‑D 12736.314 (got tak­en out dur­ing Asia)
  • Some sup­ply at H4 VWAP in DT giv­ing H4-C‑S 12900 (shar­ing Demand with D1)
• Trend
  • Strong DT 3/3
• Mar­ket Profile
  • Val­ue cre­at­ed on top of the previous
• LN Open
  • Prev. Day Exceed­ed ADR by 1.06
  • 0.36xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia formed a Neu­tral Day
  • 0.76xASR Wide IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Failed Auc­tion, for­ward-test rever­sal with­in IBR
• Hypo 2
  • Short
  • Val­ue Acceptance
• Hypo 3
  • Short
  • Weak­ness From With­in IBR
• Hypo 4
  • Long
  • Strength From With­in IBR

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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