14 Oct 20221014 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, price trad­ing with­in body again
• W1
  • Price trad­ing above body, with­in range, pos­si­bly devel­op­ing a W1 Three Out­side Up

Nar­ra­tive

• D1
  • Price retraced to a D1 Base Sup­ply lev­el at 12539.86 before but failed to push through to orig­i­nat­ing lev­el, now price is back trad­ing at the same level.
  • D1 QLo reject­ed, price trad­ing below D1 QHi, with­in D1-C‑S 12601.70
  • D1 50MA in DT right above
  • D1-C‑D 12174.26 with­in val­ue at VAL, at H4 QLo
• H4
  • Price trad­ing at H4 QHi, trad­ing at H4 200MA in DT
  • Pos­si­bly devel­op­ing a H4 Three Out­side Down
• Trend
  • Trend is Down 3/3
• Mar­ket Profile
  • 4‑day brack­et with yes­ter­day being wider than usual
• LN Open
  • Prev. Day Exceed­ed ADR by 1.75
  • 0.83xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia formed a Neu­tral Day but most­ly trad­ed higher
  • 0.68xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Sus­tained Auc­tion, risky with con­ges­tion at IB low, pos­si­ble con­tin­u­a­tion through VAA, wide val­ue, pos­si­ble PPOC as target
• Hypo 2
  • Long
  • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
• Hypo 3
  • Short
  • Rever­sal, pos­si­ble ASR, ADR exhaus­tion, pos­si­ble Failed 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