20220223 Premarket Prep DAX

23 Feb 20220223 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 took out W1 demand and is cur­rent­ly trad­ing below last week’s body and range

Nar­ra­tive

• D1
  • D1 Bull­ish Inside Bar (after W1/D1 demand was tak­en out)
  • Devel­op­ing D1 C‑Dem at VAH
  • Prev. Day Exceed­ed ADR by 1.35
  • D1 QHi reject­ed, price trad­ing mid swing
• H4
  • Big Bull Engulf giv­ing H4-C‑D 14450.58
    • Reject­ed H4 QLo, price trad­ing mid swing
  • Some pull­back but then slow crawl high­er cur­rent­ly test­ing H4 VWAP in DT
• Trend
  • Trend Change to Mixed trend from DT 2/3
• Mar­ket Profile
  • 2 over­lap­ping val­ues indi­cat­ing slowdown
• LN Open
  • Open With­in Value
  • Devel­op­ing D1 C‑Dem at VAH near open
  • Prev. Day High at VAH
  • Asia formed a Neu­tral Day but trad­ed higher

Hypos

• Hypo 1
  • Short
  • Failed Auc­tion
• Hypo 2
  • Long
  • Late-Sus­tained Auc­tion Entry
  • LTF sup­ply needs to be tak­en out and close above IB and Asia
  • Pos­si­ble Strength From WIth­in IBR
• Hypo 3
  • Long
  • Failed Auc­tion
• Hypo 4
  • Short
  • Auc­tion Fade
  • Pos­si­bly near ADR exhaus­tion, H4 Supply

Clar­i­ty

• 3

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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