26 Jul 20220726 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 30 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 back with­in Body, above MN demand, QLo
• W1
  • W1 Con­sol­i­da­tion and break high­er, price trad­ing with­in body

Nar­ra­tive

• D1
  • Con­sol­i­da­tion con­tin­ued through D1 Invert­ed Ham­mer with sell­ing wick react­ing off D1 Sup­ply, QHi
• H4
  • H4 Phase 1 / 3
  • Anoth­er rejec­tion of H4 QHi
• Trend
  • Trend change: Mixed Trend
• Mar­ket Profile
  • 4‑day over­lap­ping brack­et­ing range
• LN Open
  • 0.25xASR Below Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • 0.23xASR Tight IBR
  • Asia trad­ed side­ways form­ing a Neu­tral Day

Addi­tion­al Notes

• Thurs­day, Jul 28, USD, Fed Inter­est Rate Decision

Hypos

• Hypo 1
  • Short
  • Sus­tained Auc­tion, pre­ferred late-sus­tained auction
• Hypo 2
  • Long
  • Failed Auc­tion, might see fol­low-through to oppos­ing side, mon­i­tor for VAA
• Hypo 3
  • Long
  • Auc­tion Fade

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

• 2

Mind­ful Trad­ing (lack of sleep?)

• Extra cau­tion

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram