20221018 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

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

Larg­er Timeframe

• MN
  • Price ducked above body, with­in range, above MN QLo, above MN demand
• W1
  • W1 Three Out­side Up, price trad­ing above body, above range, above MN/W1 QLo trad­ing at W1-C-S12779.21 Low in Dist. Curve

Nar­ra­tive

• D1
  • D1 RBR clos­ing above D1 50MA in DT with­in Wide D1 QHi
  • Price is test­ing W1/D1 Supply
• H4
  • H4 RBR although high in dist. Curve
  • Price trad­ing with­in Wide H4 QHi
• Trend
  • Trend is Up 2/3
• Mar­ket Profile
  • Wider than usu­al val­ue cre­at­ed over­lap­ping the pre­vi­ous value
• LN Open
  • Prev. Day Exceed­ed ADR by 1.29
  • 0.90xASR Above Val­ue, Out­side Range
  • Large Imbal­ance
  • Asia formed a Neu­tral Day but most­ly trad­ed higher
  • 0.45xASR IBR
  • C TPO has already extend­ed IB to the upside

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Rever­sal, Pos­si­ble Failed Auction
• Hypo 2
  • Long
  • Late-Sus­tained Auction
• Hypo 3
  • Short
  • Auc­tion Fade

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

• 3

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram