16 Aug 20220816 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 33 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Pos­si­ble Devel­op­ing mN Three Out­side Up, although run­ning into MN Base Sup­ply as well as Round Num­ber of 14000
• W1
  • W1 QLo reject­ed, price trad­ing mid swing
  • Price trad­ing with­in body

Nar­ra­tive

• D1
  • D1 Ham­mer 
  • D1 QLo reject­ed (shar­ing same lev­els as W1 QLo), price trad­ing mid swing
• H4
  • H4 Bull Engulf at H4 VWAP in UT giv­ing H4-C‑D 13804.06 fol­lowed by a consolidation
• Trend
  • Trend is Up 2/3
• Mar­ket Profile
  • 2 over­lap­ping value
• LN Open
  • 0.27xASR Above Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia formed a Neu­tral Day and trad­ed sideways
  • 0.32xASR IBR
  • B closed above yesterday’s, Asia’s high

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Sus­tained Auction
• Hypo 2
  • Short
  • Auc­tion Fade
• Hypo 3
  • Short
  • Failed Auc­tion

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

• 3

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram