19 Oct 20221019 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 start­ed react­ing and is cur­rent­ly trad­ing above body, with­in range, above MN QLo
• W1
  • W1 Three Out­side Up with price trad­ing above body, above range, above W1 QLo
  • Price trad­ing at W1 Sup­ply Low in Dist. Curve coin­cid­ing with W1 VWAP in DT

Nar­ra­tive

• D1
  • Price took out a D1 Sup­ply Base Lev­el, pos­si­ble probe of orig­i­nat­ing lev­el of 13165.38 although D1 UKC in DT in the way
  • Price took out D1 Swing high and estab­lished a new one. D1 QLo reject­ed, price trad­ing mid swing.
• H4
  • D1/H4 QLo reject­ed, price trad­ing mid swing
  • H4 Phase 2 giv­ing H4-C‑D 12843.76 High in Dist. Curve, with­in val­ue at VAH then pre­mar­ket pro­ceed­ed to take it out.
• Trend
  • Trend is Up 2/3
• Mar­ket Profile
  • Val­ue cre­at­ed above the previous
• LN Open
  • Prev. Day “Exceed­ed” ADR by 1.00
  • Open With­in Value
  • Asia formed a Neu­tral Day but most­ly trad­ed lower
  • 0.45xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Failed Auc­tion
• Hypo 2
  • Short
  • Late-Sus­tained Auction
• Hypo 3
  • Short
  • Weak­ness From With­in IBR (no Wide IBR)
• Hypo 4
  • Long
  • Auc­tion Fade

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