05 Sep 20220905 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 36 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • MN closed as a poten­tial con­sol­i­da­tion, although cur­rent­ly devel­op­ing 4th bar
  • Price trad­ing at MN QLo
  • Price already made a LL
• W1
  • W1 closed down below pre­vi­ous range low leav­ing a longer sell­ing wick
  • Price made a LL but is cur­rent­ly trad­ing below body, with­in range
  • Price trad­ing with­in W1 QLo

Nar­ra­tive

• D1
  • Price closed down but failed to close with­in demand
  • Price trad­ing with­in D1 QLo
• H4
  • Big H4 Bear Engulf clos­ing with­in H4 QLo (shar­ing same lev­els as D1 QLo) giv­ing H4-C‑S 12797.21 with­in val­ue, with come con­tin­u­a­tion lower
  • Pre­mar­ket formed a H4 Bull Engulf
• Trend
  • Strong DT 3/3
• Mar­ket Profile
  • Val­ue cre­at­ed above the previous
• LN Open
  • NY wider than LN
  • Prev. Day Exceed­ed ADR by 1.84
  • 0.35xASR Below Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia formed a Neu­tral Day but most trad­ed lower
  • 0.56xASR IBR

Addi­tion­al Notes

• N.A. 

Hypos

• Hypo 1
  • Short
  • Return to Val­ue, Rever­sal (pos­si­bly at LTF sup­ply at VAL), Pos­si­ble Failed Auction
• Hypo 2
  • Long
  • Failed 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
• Had a long break so will take it easy

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram