20220713 Premarket Prep DAX

13 Jul 20220713 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

The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Larg­er Timeframe

• MN
  • Price made a LL, cur­rent­ly trad­ing below body, with­in range at MN QLo
• W1
  • W1 Ham­mer, price trad­ing below body, with­in range
  • W1 QLo same lev­el as MN QLo

Nar­ra­tive

• D1
  • D1 Spin­ning top / base with slight­ly longer buy­ing wick
  • D1 QLo, same lev­el as W1/MN QLo
• H4
  • Big H4 Bull Engulf giv­ing H4-C‑D 12751.26 (with­in Value)
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • Val­ue cre­at­ed below the pre­vi­ous range
• LN Open
  • Prev. Day Exceed­ed ADR by 1.26
  • 0.32xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Open at H4-C‑D 12751.26
  • Asia trad­ed higher
  • B TPO accept­ed value
  • 0.39xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Val­ue Accep­tance, in line with pos­si­ble D1 DBD although trad­ing into a buy­ing wick could see a retrace­ment at the close as well, risky with H4 demand with­in val­ue, pos­si­bly not worth it, pos­si­ble con­tin­u­a­tion after rotation,
• Hypo 2
  • Long
  • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
• Hypo 3
  • Long
  • Auc­tion Fade, risky after a full rota­tion through val­ue, pos­si­bly very late into the session

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

• 3

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram