16 Sep 20220916 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

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

Larg­er Timeframe

• MN
  • MN con­sol­i­da­tion above demand, MN QLo
  • Price trad­ing with­in body after hav­ing ducked above
• W1
  • W1 Bull Engulf reject­ing W1 QLo
  • Price made a HH near­ly test­ing W1-C‑S 13587.71 before price start­ed react­ing and is cur­rent­ly trad­ing with­in body near­ly test­ing new­ly formed W1 demand (coin­cid­ing with MN-C‑D 12767.98

Nar­ra­tive

• D1
  • D1 Bear Engulf with con­tin­u­a­tion low­er return­ing to D1 Base demand lev­el and clos­ing below, deep with­in demand, with­in W1/D1 QLo
• H4
  • H4 Phase 4 reject­ing H4 QHi, arriv­ing and clos­ing with­in H4 QLo
  • H4 DBD clos­ing deep­er with­in demand
• Trend
  • Mixed Trend
• Mar­ket Profile
  • 2 over­lap­ping values
• LN Open
  • Prev. Day Exceed­ed ADR by 1.09
  • 0.85xASR Below Val­ue, Out­side Range
  • Mod­er­ate to Large Imbal­ance, although very close to a large imbalance
  • Asia trad­ed higher
  • 0.63xASR IBR

Addi­tion­al Notes

• Pos­si­ble Fri­day Profit-Taking

Hypos

• Hypo 1
  • Long
  • Rever­sal, pos­si­ble Failed Auction
• Hypo 2
  • Short
  • Late-Sus­tained Auction
• Hypo 3
  • 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