20220621 Premarket Prep DAX

21 Jun 20220621 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 25 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Price made a LL and is cur­rent­ly trad­ing below body, with­in range
• W1
  • Price closed with­in W1 QLo, above W1 200MA
  • Cur­rent­ly trad­ing with­in body

Nar­ra­tive

• D1
  • D1 Inside Bar at D1 QLo and price closed high­er as a Ham­mer (test­ing new­ly formed D1 Demand at D1 QLo) and is cur­rent­ly test­ing D1-C‑S 13340.18 Low in Dist. Curve
• H4
  • H4 con­sol­i­da­tion and VWAP BO, pos­si­ble tran­si­tion to Phase 2
  • H4-C‑D 13213.46 formed at VAH
• Trend
  • Strong DT 3/3
• Mar­ket Profile
  • 3 over­lap­ping val­ues, price trad­ing above value
• LN Open
  • 0.56xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia trad­ed higher
  • LN wider than NY
  • 0.49xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Late-Sus­tained Auction
• Hypo 2
  • Short
  • Failed Auc­tion
• Hypo 3
  • Short
  • Auc­tion Fade

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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