04 Aug 20220804 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
  • Price trad­ing above body and range
• W1
  • Price trad­ing above body and range, although price is near­ing W1 VWAP in DT. 

Nar­ra­tive

• D1
  • Price closed high­er with­in D1 Sup­ply giv­ing D1-C‑D 13470.15 (with­in val­ue, at VAH)
  • D1 QLo reject­ed (shar­ing same lev­els as W1 QLo), price trad­ing mid swing
• H4
  • Some con­sol­i­da­tion below D1 Sup­ply End
  • IB took out said D1 Supply
• Trend
  • Trend is Up 3/3
• Mar­ket Profile
  • 2 over­lap­ping val­ues with­in over­all range
• LN Open
  • Prev. Day Exceed­ed ADR by 1.38
  • 0.85xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbal­ance (bor­der­ing Large Imbal­ance, pos­si­ble momentum)
  • Asia formed a Neu­tral Day and trad­ed sideways
  • 0.67xASR IBR, indi­cat­ing pos­si­ble momen­tum, IB took out D1 Sup­ply and could see some reaction

Addi­tion­al Notes

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

Hypos

• Hypo 1
  • Short
  • Rever­sal, pos­si­ble Failed Auc­tion, mon­i­tor for continuation
• Hypo 2
  • Long
  • Late-Sus­tained Auction
• Hypo 3
  • Long
  • Failed 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