20220712 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 28 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 cur­rent­ly trad­ing below body, with­in range, with­in MN demand, above MN QLo
• W1
  • W1 Ham­mer, price is trad­ing below body, with­in range, above W1 QLo (shar­ing same lev­els as MN QLo)

Nar­ra­tive

• D1
  • D1 Three Inside Down at D1 VWAP in DT TC, price returned to D1-C‑D 12661.22 above D1 QLo (shar­ing same lev­els as W1/MN QLo)
• H4
  • Some DBD giv­ing H4-C‑S 12830.04
  • Pre­mar­ket formed a H4 Hammer
  • H4 QHi reject­ed, price trad­ing mid swing
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • 3 over­lap­ping values
• LN Open
  • Open at D1-C‑D 12661.22
  • 0.50xASR Below Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia extend­ed and trad­ed lower
  • 0.55xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Return to Val­ue, Rever­sal, pos­si­ble Failed Auction
• Hypo 2
  • Long
  • Late-Sus­tained Auction
• Hypo 3
  • Long
  • Failed Auc­tion
• Hypo 4
  • Short
  • Late-Sus­tained Auction

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

• 2

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram