12 Aug 20220812 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
  • W1 made a HH and is now trad­ing above body, with­in range
  • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

• D1
  • Price made a HH tak­ing out D1 Sup­ply but closed as an Invert­ed Ham­mer clos­ing above D1-C‑D 13656.81 High in Dist. Curve
  • D1 QLo reject­ed (shar­ing same lev­els as W1 QLo), price trad­ing mid swing
  • Pos­si­ble devel­op­ing D1 RBR
• H4
  • H4 Bear Engulf and DBD giv­ing H4-C‑S 13755.48
  • H4 RBR at VWAP
• Trend
  • Trend is Up 2/3
• Mar­ket Profile
  • Val­ue cre­at­ed above the pre­vi­ous although still with­in over­all range
• LN Open
  • Prev. Day trad­ed 0.95xADR, pos­si­ble momentum
  • Open With­in Value
  • Asia formed a neu­tral Day and trad­ed sideways
  • 0.73xASR IBR, pos­si­ble momentum
  • Price took out H4 sup­ply dur­ing IB

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Late-Sus­tained Auc­tion, pos­si­ble ear­ly entry if strength shows
• Hypo 2
  • Short
  • Rever­sal, Failed Auction
• Hypo 3
  • Long
  • Failed Auc­tion
• Hypo 4
  • Short
  • 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