12 Oct 20221012 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 41 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 then retreat­ed back with­in body
  • Price trad­ing with­in MN demand, Wide MN QLo
• W1
  • W1 Bull­ish Inside Bar how­ev­er with longer sell­ing wick
  • Price trad­ing with­in W1 demand, Wide MN/W1 QLo
  • Price cur­rent­ly trad­ing above body, with­in range

Nar­ra­tive

• D1
  • D1 Bear­ish Inside Bar at D1 VWAP in DT TC but failed to close with­in D1 QLo
• H4
  • Pos­si­ble H4 Phase 1 / 3
  • H4 QHi reject­ed, price trad­ing mid swing
  • Pre­mar­ket formed a Bull Engulf but LN open imme­di­ate­ly retraced it
• Trend
  • Trend is Down 3/3
• Mar­ket Profile
  • 2 val­ues over­lap­ping although in DT
• LN Open
  • 0.02xASR Above Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia formed a Neu­tral Day but most­ly trad­ed higher
  • 0.61xASR IBR
  • A TPO accept­ed and rotat­ed through value

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Val­ue Accep­tance, poten­tial con­tin­u­a­tion, risky trad­ing at D1 QLo
• Hypo 2
  • Long
  • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
• Hypo 3
  • Short
  • Weak­ness From IBR
• Hypo 4
  • Long
  • Auc­tion Fade, risky after rotation

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