20220914 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 37 Trad­ing Plan

See more

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

Larg­er Timeframe

• MN
  • Price trad­ing with­in body
  • Pos­si­ble con­sol­i­da­tion above MN demand, MN QLo
• W1
  • Big W1 Bull Engulf reject­ing W1 QLo
  • Price made a HH but start­ed react­ing off W1 Sup­ply coin­cid­ing with W1 VWAP/LKC in DT
  • Price trad­ing with­in body

Nar­ra­tive

• D1
  • D1 Bear Engulf giv­ing D1-C‑S 13165.38 (below val­ue, with­in range) after get­ting close to D1 QHi, D1 UKC in R although no test
• H4
  • H4-C‑S 13436.17 with­in val­ue at POC
  • Pos­si­ble H4 Phase 4
  • H4 QHi reject­ed, price trad­ing mid swing
• Trend
  • Trend change: Mixed trend
• Mar­ket Profile
  • Val­ues in UT
• LN Open
  • Prev. Day Exceed­ed ADR by 1.83
  • 1.29xASR Below Val­ue, Out­side Range
  • Huge imbal­ance
  • Asia formed a Neu­tral Day
  • Open below D1-C‑S 13165.38
  • 0.47xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Failed Auc­tion, pos­si­ble continuation
• Hypo 2
  • Long
  • Late-Sus­tained Auction
• Hypo 3
  • Short
  • Auc­tion Fade
• Hypo 4
  • Short
  • Late-Sus­tained Auction

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