20220607 Premarket Prep DAX

07 Jun 20220607 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 23 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • MN Closed bull­ish, price made a HH and is cur­rent­ly trad­ing above body but with­in range
• W1
  • W1 RBR with anoth­er base cre­at­ed at W1 VWAP
  • Price made a HH and is trad­ing above last week’s body
  • Still trad­ing with­in W1 Supply
  • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

• D1
  • Pos­si­ble D1 Phase 1 / 3
  • Price closed high­er but failed to close with­in D1 Supply
  • Price closed with­in D1 QHi
• H4
  • H4 Bear­ish Inside Bar at Old H4 Sup­ply (with­in D1 Sup­ply) with fol­low-through clos­ing lower
  • Price still trad­ing with­in Wide D1/H4 QHi
• Trend
  • Trend is UP 2/3
• Mar­ket Profile
  • Val­ues in UT
• LN Open
  • 0.19xASR Below Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Prev. Day Exceed­ed ADR by 1.17
  • Asia extend­ed and trad­ed lower
  • D1-C‑S 14605.20 with­in Value
  • 0.49xASR IBR
  • NY wider than LN

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Return to Val­ue, Rever­sal, pos­si­ble Failed Auction
• Hypo 2
  • Long
  • Val­ue Accep­tance, pos­si­ble con­tin­u­a­tion after rotation
• Hypo 3
  • Long
  • Auc­tion Fade
• Hypo 4
  • Long
  • Failed Auc­tion

Clar­i­ty

• 3

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals
  • Either hit SL or tar­get, reassess after Trad­ing Win­dow Close
  • 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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