20220628 Premarket Prep DAX

28 Jun 20220628 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 26 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 trad­ing below body and range
  • Few days in the month left
• W1
  • W1 Spin­ning Top with slight­ly longer buy­ing wick with­in W1 demand / W1 QLo
  • Price is trad­ing above body, but with­in range

Nar­ra­tive

• D1
  • Pos­si­ble D1 Phase 1 / 3
  • D1 Invert­ed Ham­mer clos­ing above new­ly formed demand
  • D1 QLo rejected
  • Price is test­ing Sup­ply Low in Dis. Curve.
• H4
  • H4 QLo reject­ed, QHi and OLD H4 Sup­ply being test­ed for the 2nd time
  • Pre­mar­ket found sup­port at H4 VWAP in R and closed high­er above pre­vi­ous con­sol­i­da­tion range
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • Val­ue cre­at­ed above the pre­vi­ous brack­et­ing range although still trad­ing with­in over­all range
• LN Open
  • Open With­in Value
  • Prev. Day Exceed­ed ADR by 1.00
  • Asia formed a Neu­tral Day but most­ly trad­ed higher
  • ADR Exhaus­tion High not far above IB high
  • 0.73xASR Wide IBR (although cri­te­ria not entire­ly met)

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Strength From With­in IBR, pos­si­bly with­out IB exten­sion (for­ward-test)
• Hypo 2
  • Short
  • Failed Auc­tion
• Hypo 3
  • Long
  • Failed Auc­tion
• Hypo 4
  • Short
  • Weak­ness From With­in IBR

Clar­i­ty / Confidence

• 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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