17 Oct 20221017 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 42 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 now trad­ing with­in body
• W1
  • W1 Three Out­side Up giv­ing W1-C‑D 12146.21 Momen­tum at VAL fail­ing to close above MN/W1 QLo
  • Price trad­ing with­in W1 demand, above body with­in range

Nar­ra­tive

• D1
  • Pos­si­ble D1 Phase 1 / 3
  • D1 Inside Bar with long sell­ing wick react­ing off D1 QHi
• H4
  • H4 QHi reject­ed, price trad­ing mid swing
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • Val­ue cre­at­ed above the pre­vi­ous bracket
• LN Open
  • Prev. Day Exceed­ed ADR by 1.24
  • Open With­in Value
  • Asia formed a Neu­tral Day most­ly trad­ing higher
  • 0.52xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Failed Auc­tion, pos­si­ble 3‑I Day
• Hypo 2
  • Long
  • Late-Sus­tained Auction
• Hypo 3
  • Long
  • Failed Auc­tion
• Hypo 4
  • Long
  • Strength From With­in IBR (even though no Wide IB)

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