26 Oct 20221026 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 Sup­ply Low in Dist. Curve.
• W1
  • W1 Three Out­side Up with con­tin­u­a­tion clos­ing with­in W1 Sup­ply Low in Dist. Curve and above MN/W1 QLo
  • Price trad­ing above body, out­side range

Nar­ra­tive

• D1
  • D1 closed high­er cur­rent­ly test­ing Wide D1 QHi
• H4
  • H4 Bull Engulf at H4 VWAP in UT TC with con­tin­u­a­tion high­er near­ing H4/D1 QHi
• Trend
  • Trend is UP 2/3
• Mar­ket Profile
  • 2 wider over­lap­ping values
• LN Open
  • Prev. Day Exceed­ed ADR by 1.24
  • NY wider than LN
  • 0.62xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia trad­ed higher
  • 0.42xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

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