18 Jul 20220718 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 29 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Big Bar down could see retracement
  • Price made a LL and price is trad­ing with­in body
• W1
  • Long buy­ing wicks react­ing off MNW1 QLo, Demand
  • No rever­sal yet

Nar­ra­tive

• D1
  • D1 Bull Engulf reject­ing MN/W1/D1 QLo for the 2nd time QLo giv­ing D1-C‑D 12732.04
  • Price returned to D1 Base sup­ply lev­el and is almost test­ing orig­i­nat­ing lev­el of D1-C‑S 12929.51
  • Price trad­ing above D1 VWAP in DT
  • Lit­tle gap up over the week­end, gap filled dur­ing Asia
• H4
  • Price took out H4 QHi and D1 Supply
  • New swing formed, price trad­ing mid swing
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • 2 over­lap­ping val­ues trad­ing with­in over­all range
• LN Open
  • Prev. Day Exceed­ed ADR by 1.45
  • 0.96xASR Above Val­ue, Out­side Range
  • Large Imbal­ance
  • Asia formed a Neu­tral Day but most­ly trad­ed higher
  • 0.54xASR IBR that took out D1 Sup­ply, H4 QHi
  • ADR Exhaus­tion High not far above IB high
  • Price trad­ing round num­ber 13000

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Late-Sus­tained Auction
• Hypo 2
  • Short
  • Rever­sal, Pos­si­ble Failed Auction
• Hypo 3
  • Short
  • Auc­tion Fade
• Hypo 4
  • Short
  • Sus­tained Auction

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

• 3

Mind­ful Trad­ing (lack of sleep?)

• A bit tired

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram