25 Jul 20220725 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 30 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, react­ing off MN demand, MN QLo
• W1
  • W1 con­sol­i­da­tion and break up in effect reject­ing W1 QLo, although leav­ing a sell­ing wick price retraced and took out W1 Sup­ply Base level
  • Price trad­ing with­in body

Nar­ra­tive

• D1
  • D1 Inside Bar at D1-C‑S 13340.18 coin­cid­ing with D1 QHi and D1 50MA in DT fol­lowed by some consolidation
• H4
  • Pos­si­ble H4 Phase 1 / 3 
  • H4 QHi reject­ed giv­ing H4-C‑S 13290.30 
• Trend
  • Trend is UP 2/3
• Mar­ket Profile
  • 3 over­lap­ping val­ues after UT
• LN Open
  • 0.18xASR Below Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia formed a Neu­tral Day trad­ing sideways
  • 0.37xASR IBR

Addi­tion­al Notes

• Thurs­day, Jul 28, USD, Fed Inter­est Rate Decision

Hypos

• Hypo 1
  • Short
  • Return to Val­ue, Rever­sal, Failed Auction
• Hypo 2
  • Long
  • Val­ue Accep­tance, pos­si­ble continuation
• Hypo 3
  • Short
  • Sus­tained Auction
• Hypo 4
  • Short
  • Auc­tion Fade, although if Hypo 2 plays out there could be a con­tin­u­a­tion but there is a big sup­ply at VAH

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