06 Oct 20221006 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 cur­rent­ly trad­ing with­in body, above MN QLo
• W1
  • Price is trad­ing above body, above range, near­ing W1-C‑S 12779.21, trad­ing above MN/W1 QLo

Nar­ra­tive

• D1
  • D1 Ham­mer below D1 QHi
  • Retrace­ment to D1 Sup­ply Base level
• H4
  • H4 200MA in DT (and old H4 sup­ply) coin­cid­ing with W1 Supply
  • H4 Bull Engulf giv­ing H4-C‑D 12587.24 High in Dist. Curve, price trad­ing deep­er with­in Wide H4 QHi
  • H4 Bear Engulf at D1 QHi cur­rent­ly test­ing new­ly formed H4 demand High in Dist. Curve
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • 2 over­lap­ping val­ues after UT
• LN Open
  • Open With­in Value
  • Asia trad­ed higher
  • 0.30xASR IBR
  • A closed above VAH

Addi­tion­al Notes

• NFP tomor­row

Hypos

• Hypo 1
  • Short
  • Failed Auc­tion
• Hypo 2
  • Long
  • Failed Auc­tion
• Hypo 3
  • Short
  • Late-Sus­tained Auction
• Hypo 4
  • Long
  • Late-Sus­tained Auction

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