19 Sep 20220919 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 38 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 below body but with­in range
• W1
  • W1 Bull Engulf reject­ing W1 QLo, fol­lowed by a W1 Bear­ish Inside Bar that failed to close with­in new­ly formed demand but closed with­in W1 QLo
  • Price trad­ing below body, with­in range

Nar­ra­tive

• D1
  • Pos­si­ble D1 Phase 4 retrac­ing to D1 Demand Base lev­el and con­se­quent­ly almost took out said demand but closed as a D1 Ham­mer with­in Wide D1 QLo
• H4
  • Price trad­ing at W1-MN-C‑D 12767.98
  • Pos­si­ble H4 Phase 1 / 3, DBD giv­ing H4-C‑S 12854.92 BASE
  • Price trad­ing with­in Wide H4 QLo
• Trend
  • Mixed Trend, trend change: Trend is Down 3/3
• Mar­ket Profile
  • Val­ues in DT
• LN Open
  • Open With­in Value
  • Asia formed a Neu­tral Day but most­ly trad­ed lower
  • 0.45xASR IBR
  • Open at D1 Demand

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Failed Auc­tion
• Hypo 2
  • Short
  • Late-Sus­tained Auction
• Hypo 3
  • Short
  • Failed Auc­tion
• Hypo 4
  • Short
  • Weak­ness From With­in IBR

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