08 Aug 20220808 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 32 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Price trad­ing above body hav­ing made a HH
• W1
  • Price closed high­er but left a slight­ly longer sell­ing wick react­ing off W1 VWAP in DT
  • Price trad­ing above body, with­in range

Nar­ra­tive

• D1
  • D1 con­sol­i­da­tion, over the week­end price trad­ed a lit­tle lower
  • Price trad­ing above D1 UKC in DT
• H4
  • Price moved low­er reject­ing H4 QHi giv­ing H4-C‑S 13656.63
  • Con­sol­i­da­tion at H4 VWAP/UKC in DT
  • Pos­si­ble H4 Phase 1 / 3
• Trend
  • Trend is Up 2/3
• Mar­ket Profile
  • 2 over­lap­ping val­ues after UT
• LN Open
  • Open With­in Value
  • Asia extend­ed and trad­ed higher
  • Open at H4 QHi
  • 0.58xASR IBR
  • A TPO closed above VAH, B closed back with­in as a Bear Engulf

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Failed Auc­tion
• Hypo 2
  • Short
  • Late-Sus­tained Auction
• Hypo 3
  • Long
  • Auc­tion Fade

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