20220715 Premarket Prep DAX

15 Jul 20220715 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, price trad­ing below body, with­in range
  • Price trad­ing at MN QLo
• W1
  • W1 Ham­mer, price trad­ing below body, with­in range
  • Price trad­ing at W1 QLO (shar­ing same lev­els as MN QLo)

Nar­ra­tive

• D1
  • D1 closed low­er not tak­ing out D1 demand although clos­ing with­in leav­ing a longer buy­ing wick
  • Price trad­ing at D1 QLo (shar­ing same lev­els as W1/MN QLo)
• H4
  • H4 Bull­ish Inside Bar reject­ing H4 QLo, with some con­tin­u­a­tion higher
  • Pre­mar­ket made a Bear Engulf
• Trend
  • Strong DT 3/3
• Mar­ket Profile
  • Wide val­ue cre­at­ed below the previous
• LN Open
  • Prev. Day Exceed­ed ADR by 1.51
  • Open With­in Value
  • Open at H4 QLo
  • Asia formed a Neu­tral Day
  • 0.70xASR some­what wide IBR tak­ing out H4 sup­ply, could poten­tial­ly be momentum
  • H4-C‑S 12740.88 at ASR High Exhaus­tion, ADR exhaus­tion not far above

Addi­tion­al Notes

• Pos­si­ble Fri­day profit-taking

Hypos

• Hypo 1
  • Short
  • Failed Auc­tion
• Hypo 2
  • Long
  • Late-Sus­tained Auction
• Hypo 3
  • Long
  • Strength From With­in IBR
• Hypo 4
  • Short
  • Auc­tion Fade, Reversal

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

• 3

Mind­ful Trad­ing (lack of sleep?)

• Felling okay

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram