20220714 Premarket Prep DAX

14 Jul 20220714 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 and is cur­rent­ly trad­ing with­in body, above MN demand, MN QLo
• W1
  • W1 Ham­mer, price trad­ing below body, with­in range
  • Price trad­ing above W1 QLo (shar­ing same lev­els as MN QLo)

Nar­ra­tive

• D1
  • D1 DBD giv­ing D1-C‑S 12813.69 BASE, leav­ing a longer buy­ing wick react­ing off D1 demand, above D1 QLo (shar­ing same lev­els as W1/MN QLo)
• H4
  • Pos­si­ble H4 Phase 1 / 3
  • H4 DBD trad­ing with­in demand
  • H4 QHi rejected
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • 2 over­lap­ping val­ues with­in over­all range
• LN Open
  • Prev. Day Exceed­ed ADR by 1.07
  • 0.11xASR Below Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia extend­ed and trad­ed higher
  • 0.42xASR IBR
  • A TPO accept­ed val­ue but H4 sup­ply with­in value

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Val­ue Accep­tance, pos­si­ble Failed Auction
• Hypo 2
  • Short
  • Return to Val­ue, Rever­sal, pos­si­ble Failed Auc­tion, pos­si­ble late-sus­tained auction
• Hypo 3
  • Long
  • Auc­tion Fade

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

• 2

Mind­ful Trad­ing (lack of sleep?)

• A bit busy

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram