20220705 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
  • Price is trad­ing with­in body and above MN demand, MN QLo
• W1
  • Price is trad­ing below body, with­in range
  • Price is trad­ing with­in Wide W1 QLo

Nar­ra­tive

• D1
  • No fol­low-through on the D1 Bull­ish Inside Bar, instead price closed with­in D1 demand
  • Price trad­ing with­in Wide D1 QLo
• H4
  • Price gapped up on the day and is trad­ing at new­ly formed H4-C‑S 12869.92 (at VAH)
• Trend
  • Strong DT 3/3
• Mar­ket Profile
  • 3 over­lap­ping val­ues in an upslope
• LN Open
  • Open With­in Value
  • Asia extend­ed up but failed the auction
  • LN wider than NY
  • 0.35xASR IBR
  • B TPO closed below VAL, C TPO extend­ed down tak­ing out H4 demand

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Late-Sus­tained Auction
• Hypo 2
  • Long
  • Rever­sal, pos­si­ble 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

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