20220222 Premarket Prep DAX

22 Feb 20220222 Premarket Prep DAX

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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 8 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 Down
  • MN demand tak­en out
• W1
  • Price near­ly took out W1 demand
  • Price is cur­rent­ly trad­ing with­in last week’s body
  • Price returned to W1 DBD 15182.33 indi­cat­ing a pos­si­ble con­tin­u­a­tion high­er although this can take some time (pos­si­bly lat­er in the week,if any due to MN narrative)
  • Price instead took out W1 demand and is cur­rent­ly trad­ing below last week’s body and range

Nar­ra­tive

• D1
  • D1 trad­ed down clos­ing near its low
  • D1 QHi reject­ed, price trad­ing mid swing
  • Prev. Day Exceed­ed ADR by 2.64
• H4
  • H4 Phase 4
  • Price trad­ing mid swing
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • Val­ues in DT with yesterday’s val­ue being wider than normal
• LN Open
  • 1.48xASR Below Val­ue, Out­side Range
  • Huge Imbal­ance, pos­si­ble momentum
  • Open near ADR exhaustion
  • Asia extend­ed slight­ly high­er, then failed auc­tion trad­ed lower
  • 1.12xASR Wide IBR

Hypos

• Hypo 1
  • Short
  • Return to Val­ue, pos­si­bly at LTF sup­ply, Failed Auc­tion, VAL reversal
• Hypo 2
  • Short
  • Weak­ness From With­in IBR
• Hypo 3
  • Long
  • Strength From With­in IBR
• Hypo 4
  • Long
  • Auc­tion Fade

Clar­i­ty

• 4

Addi­tion­al notes

• N.A.

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals
  • No momen­tum trades on Non-Farm Fridays
  • No ear­ly exits, either hit SL or target
  • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
• Risk Man­age­ment
  • 2 con­sec­u­tive days of lack of sleep = NO TRADING

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