20220711 Premarket Prep DAX

11 Jul 20220711 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 28 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 test­ing MN QLo and demand and is cur­rent­ly trad­ing with­in body
• W1
  • W1 Ham­mer react­ing off W1 QLo, demand, price cur­rent­ly trad­ing below body but with­in range
  • W1 shar­ing same lev­els with MN QLo

Nar­ra­tive

• D1
  • Price trad­ing at D1 VWAP in DT
  • D1 Qlo shar­ing same lev­els with MN/W1 QLo
• H4
  • Price fal­ter­ing at H4 UKC in DT and cre­at­ed some sup­ply giv­ing H4-C‑S 12945.92 with­in Value
  • H4-C‑D 12817.40 with­in val­ue at VAL
• Trend
  • Trend change from Strong DT 3/3 to Trend is Down 2/3
• Mar­ket Profile
  • Wide val­ue cre­at­ed in a UT over­lap­ping the previous
• LN Open
  • Prev. Day Exceed­ed ADR by 1.03
  • Open With­in Value
  • Asia formed a Neu­tral Day but most­ly trad­ed down
  • 0.44xASR IBR
  • Open at H4 demand 

Addi­tion­al Notes

• N.A. 

Hypos

• Hypo 1
  • Long
  • Late-Sus­tained Auction
• Hypo 2
  • Short
  • Failed Auc­tion, pos­si­ble 3‑I Day
• Hypo 3
  • Short
  • Rever­sal, Auc­tion Fade

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

• 2

Mind­ful Trad­ing (lack of sleep?)

• A lit­tle tired

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram