15 Aug 20220815 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 33 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Pos­si­ble Devel­op­ing MN Three Out­side Up
  • Price trad­ing above body mak­ing a HH
  • MN Sup­ply Base lev­el right above
• W1
  • Pos­si­ble W1 Phase 2
  • Price trad­ing at W1 VWAP in DT
  • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

• D1
  • D1 Bull Engulf fol­lowed by RBR
  • D1 QLo reject­ed (shar­ing same lev­els as W1 Qlo), price trad­ing mid swing
• H4
  • Some slow­down in price over the weekend
• Trend
  • Trend is Up 2/3
• Mar­ket Profile
  • Val­ue cre­at­ed above the previous
• LN Open
  • Prev. Day Exceed­ed ADR by 1.37
  • 0.48xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia formed a Neu­tral Day trad­ing sideways
  • 0.64xASR IBR
  • B TPO accept­ed value

Addi­tion­al Notes

• N.A.

Hypos

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