09 Aug 20220809 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 trad­ing above body but still with­in range
  • Price trad­ing at W1 VWAP/LKC in DT
  • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

• D1
  • D1 Closed high­er leav­ing a sell­ing wick giv­ing D1-C‑D 13604.91 High in Dist. Curve
  • D1 QLo reject­ed, price trad­ing mid swing
• H4
  • Pos­si­ble H4 Phase 1 / 3
  • H4 Bear Engulf reject­ing H4 QHi, H4 Sup­ply, fol­lowed by some con­sol­i­da­tion at H4 VWAP/UKC in UT and above D1-C‑D 13604.91 High in Dist. Curve
• Trend
  • Trend is Up 2/3
• Mar­ket Profile
  • 3 over­lap­ping values
• LN Open
  • Prev. Day trad­ed 0.96, pos­si­ble momentum
  • 0.09xASR Below Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia trad­ed lower
  • 0.44xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
• Hypo 2
  • Long
  • Val­ue Accep­tance, risky with supply
• Hypo 3
  • Short
  • 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