20220907 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

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

Larg­er Timeframe

• MN
  • Pos­si­ble MN Con­sol­i­da­tion, pos­si­ble break out
  • Price made a LL but is cur­rent­ly trad­ing below body, with­in range
  • Price trad­ing above MN QLo
• W1
  • Price trad­ing with­in body
  • Price trad­ing with­in Wide W1 QLo

Nar­ra­tive

• D1
  • D1 Invert­ed Ham­mer fol­low­ing the Bull Engulf although still failed to close above D1 QLo
• H4
  • H4 Bear Engulf to DBD at D1 Sup­ply (coin­cid­ing with H4 50MA in DT
  • H4-C‑S 12807.15 BASE at VAL
  • Price trad­ing with­in Wide H4 QLo (shar­ing lev­els with D1 QLo)
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • Val­ue cre­at­ed above the pre­vi­ous estab­lish­ing an over­all range
• LN Open
  • 0.29xASR Below Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia trad­ed lower
  • 0.43xASR IBR

Addi­tion­al Notes

• Tomor­row, Sep 08, 20:15, EUR, ECB Inter­est Rate Decision

Hypos

• Hypo 1
  • Long
  • Val­ue Acceptance
• Hypo 2
  • Short
  • Return to Val­ue, Rever­sal, pos­si­ble Failed Auction
• Hypo 3
  • Short
  • Sus­tained Auction
• Hypo 4
  • Long
  • Auc­tion Fade

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