20220929 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

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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 with­in MN demand, with­in MN QLo
• W1
  • Price trad­ing below body, below range, with­in demand, with­in MN/W1 QLo

Nar­ra­tive

• D1
  • D1 Bull Engulf with longer buy­ing wick
  • Price trad­ing with­in Wide MN/W1/D1 QLo
• H4
  • Price bounced off H4 Sup­ply coin­cid­ing with H4 VWAP in DT TC return­ing to H4-C‑D 12000 (round num­ber) and H4 QLo
• Trend
  • Trend is Down 3/3
• Mar­ket Profile
  • Wide val­ue cre­at­ed below the pre­vi­ous brack­et­ing range
• LN Open
  • Prev. Day Exceed­ed ADR by 1.51
  • 0.45xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia formed a Neu­tral Day but most­ly trad­ed lower
  • 1.07xASR Wide IBR
  • IB accept­ed and near­ly rotat­ed through val­ue exhaust­ing ADR & ASR, pos­si­ble uni­di­rec­tion­al day

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Val­ue Accep­tance, pos­si­ble con­tin­u­a­tion through late-sus­tained auction
• Hypo 2
  • Long
  • Rever­sal, pos­si­ble Failed Auction
• Hypo 3
  • Short
  • Weak­ness From With­in IBR
• Hypo 4
  • 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