20 Sep 20220920 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 with­in body
• 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 with­in body, above demand, after hav­ing made a LL

Nar­ra­tive

• D1
  • D1 Bull Engulf with longer buy­ing wick fail­ing to close above D1 QLo
• H4
  • Big H4 Bull Engulf giv­ing H4-C‑D 12723.94 above VAH, reject­ing H4 QLo, price trad­ing mid swing
  • Price reached a H4 Base Sup­ply lev­el and start­ed fal­ter­ing from Inside D1 QLo
• Trend
  • Trend is Down 3/3
• Mar­ket Profile
  • Val­ues in DT
• LN Open
  • Prev. Day Exceed­ed ADR by 1.28
  • 0.58xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia formed a Neu­tral Day
  • 0.44xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Late-Sus­tained Auc­tion, pos­si­ble continuation
• Hypo 2
  • Long
  • Return to Val­ue, Rever­sal, Pos­si­ble 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