20 Oct 20221020 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 trad­ing with­in body
• W1
  • W1 Three Out­side Up with continuation
  • Price see­ing some reac­tion at W1-C‑S 12779.21 Low in Dist. Curve
  • Price trad­ing above W1 QLo

Nar­ra­tive

• D1
  • D1 Bear Engulf formed mid swing com­ing from D1 QLo rejection
  • Price closed above D1 50MA in DT
• H4
  • H4 QHi reject­ed, price trad­ing mid swing
• Trend
  • Trend is UP 2/3
• Mar­ket Profile
  • 2 over­lap­ping values
• LN Open
  • Prev. Day Exceed­ed ADR by 1.03
  • 0.13xASR Below Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia formed a Neu­tral Day but most­ly trad­ed higher
  • 0.35xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
• Hypo 2
  • Short
  • Late-Sus­tained Auction
• Hypo 3
  • Long
  • Val­ue Acceptance
• 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