19 Jul 20220719 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
  • Price made a LL and is trad­ing with­in body, above demand / MN QLo
• W1
  • Price made a HH but is now trad­ing below body, but with­in range (from long buy­ing wick)
  • Price trad­ing above W1 QLo

Nar­ra­tive

• D1
  • D1 Grave­stone Doji tak­ing out D1 Sup­ply clos­ing above D1 VWAP in DT
  • D1 QLo reject­ed, price trad­ing mid swing
  • Price trad­ing around D1 VWAP always has some weird price action
• H4
  • H4 Bear Engulf (at H4 UKC) after D1 Sup­ply got tak­en out fol­lowed by some con­tin­u­a­tion down
  • H4-C‑S 12958.42 at VAL
  • H4 QLo reject­ed, price trad­ing mid swing
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • Val­ue cre­at­ed above the previous
• LN Open
  • Prev. Day did not exceed­ed ADR but did trade 0.98xASR
  • 0.51xASR Below Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Open at Yesterday’s low
  • Asia formed a Neu­tral Day but most­ly trad­ed lower

Addi­tion­al Notes

• N.A.

Hypos

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

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