02 Aug 20220802 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 31 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • MN Inside Bar fail­ing to close above 50% mark although still big react­ing off mN demand, MN QHi
• W1
  • W1 Con­sol­i­da­tion and break high­er reject­ing W1 QLo
  • Price trad­ing with­in body after hav­ing made a HH

Nar­ra­tive

• D1
  • Price trad­ing with­in D1-C‑S 13345.07, coin­cid­ing with D1 UKC in DT
  • Pos­si­ble devel­op­ing DBD
• H4
  • H4-C‑S 13537.76 with­in Value
  • H4-C‑D 13383.24 at H4 VWAP in UT, Inside H4 QHi
  • Price trad­ing with­in Wide H4 QHi (shar­ing lev­els with D1 QHi)
• Trend
  • Trend is Up 2/3
• Mar­ket Profile
  • Val­ue in UT
• LN Open
  • 0.62xASR Below Val­ue, Out­side Range,
  • Mod­er­ate to Large Imbalance
  • Asia extend­ed and trad­ed lower
  • 0.57xASR IBR

Addi­tion­al Notes

• Fri­day, Aug 05, USD, Non­farm Pay­rolls Pri­vate (Jul)

Hypos

• Hypo 1
  • Short
  • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
• Hypo 2
  • Long
  • Late-Sus­tained Auction
• Hypo 3
  • Short
  • Late-Sus­tained Auction
• Hypo 4
  • Long
  • Auc­tion Fade

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

• 2

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram