28 Sep 20220928 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 39 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Price trad­ing below body, below range, trad­ing deep­er with­in Wide MN QLo
• W1
  • W1 Three Out­side Down giv­ing W1-C‑S 12780.70
  • Price trad­ing below body, below range, deep­er with­in Wide MN/W1 QLo

Nar­ra­tive

• D1
  • Price closed lower
  • Pos­si­ble D1 Phase 4
  • Still some room to move to D1-C‑D 11574.02
• H4
  • H4 break down from range giv­ing H4-C‑S 12313.84
  • H4 DBD giv­ing H4-C‑S 12090.64 BASE (near Round No.)
• Trend
  • Trend is Down 3/3
• Mar­ket Profile
  • 3‑day brack­et
• LN Open
  • Prev. Day Exceed­ed ADR by 1.52
  • 1.26xASR Below Val­ue, Out­side Range
  • Huge Imbal­ance
  • Open at yesterday’s low, A TPO closed below
  • Asia formed a Neu­tral Day but most­ly trad­ed lower
  • 0.70xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Late-Sus­tained Auction
• Hypo 2
  • Long
  • Sus­tained Auc­tion, tricky with congestion
• Hypo 3
  • Short
  • Failed Auc­tion
• Hypo 4
  • Short
  • Return to Val­ue, Rever­sal, 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