25 Oct 20221025 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 43 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Price trad­ing above body, with­in range, with­in new­ly formed MN Sup­ply Low in Dist. Curve
  • Price trad­ing above MN QLo
• W1
  • W1 Three Out­side Up with con­tin­u­a­tion clos­ing with­in W1 Sup­ply Low in Dist. Curve and above W1 QLo
  • Price trad­ing at W1 VWAP in DT

Nar­ra­tive

• D1
  • D1 QLo reject­ed, price trad­ing mid swing
  • D1 Inside Bar with longer buy­ing wick
  • Price trad­ing at D1 UKC in DT
• H4
  • H4 Bull Engulf at H4 VWAP/UKC in UT giv­ing H4-C‑D 12843.24 with­in value
  • D1/H4 QLo reject­ed, price trad­ing mid swing
  • Pre­mar­ket formed a Bull Engulf giv­ing H4-C‑D 12945.26 High in Dist. Curve
• Trend
  • Trend is Up 2/3
• Mar­ket Profile
  • Wide val­ue cre­at­ed above the pre­vi­ous DT
• LN Open
  • Prev. Day Exceed­ed ADR by 1.11
  • 0.20xASR Above Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia trad­ed lower
  • 0.32xASR IBR
  • Trad­ing at Round No. 13000
  • NY wider than LN

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
• Hypo 2
  • Short
  • Failed Auc­tion
• Hypo 3
  • Short
  • Val­ue Acceptance
• Hypo 4
  • Long
  • Sus­tained 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