05 Oct 20221005 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 40 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Price made a LL but is trad­ing with­in body
• W1
  • Price is trad­ing above body, above range, trad­ing above MN/W1 QLo
  • W1-C‑S 12779.21 right above

Nar­ra­tive

• D1
  • Price trad­ing at D1 VWP in DT coin­cid­ing with D1 QHi
  • Price closed above D1 Sup­ply base level
• H4
  • Price slow­down with­in with­in Wide H4 QHi
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • Wide val­ue cre­at­ed extend­ed above the previous
• LN Open
  • Prev. Day Exceed­ed ADr by 1.42
  • 0.01xASR Above Val­ue, With­in Range, Ambigu­ous open
  • Mod­er­ate Imbalance
  • Asia formed a Neu­tral Day
  • 0.35xASR IBR

Addi­tion­al Notes

• N.A. 

Hypos

• Hypo 1
  • Short
  • Val­ue Accep­tance, risky with demand with­in value
• Hypo 2
  • Long
  • Return to Val­ue, Rever­sal, Failed Auction
• Hypo 3
  • Long
  • Sus­tained Auc­tion, would need to clear Asia high
• Hypo 4
  • Short
  • 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