03 Aug 20220803 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 31 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • MN Inside Bar react­ing off mN demand, MN QLo
  • Price trad­ing with­in body after hav­ing made a HH
• W1
  • Price made a HH and is now trad­ing with­in body
  • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

• D1
  • Weak D1 DBD (with long buy­ing wick) with­in D1-C‑S 13345.07 and D1 QHi
• H4
  • Price almost took out demand
  • Pos­si­ble H4 Phase 1 / 3
• Trend
  • Trend is Up 2/3
• Mar­ket Profile
  • Val­ue cre­at­ed below the pre­vi­ous, H&S, pos­si­bly estab­lish­ing new range
• LN Open
  • 0.13xASR Above Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia formed a Neu­tral Day
  • 0.38xASR IBR
  • B TPO accept­ed value

Addi­tion­al Notes

• Fri­day, Aug 05, USD, Non­farm Pay­rolls Pri­vate (Jul)

Hypos

• Hypo 1
  • Long
  • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
• Hypo 2
  • Short
  • Val­ue Accep­tance, risky with demand with­in val­ue, pos­si­ble con­tin­u­a­tion after rotation
• Hypo 3
  • Long
  • Sus­tained Auction
• Hypo 4
  • Short
  • 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