20221103 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 44 Trad­ing Plan

See more

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

Larg­er Timeframe

• MN
  • Price made a HH but is now trad­ing with­in body
  • MN QLo reject­ed, price trad­ing mid swing
• W1
  • Price trad­ing at W1 200MA, back with­in body
  • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

• D1
  • D1 Bear Engulf giv­ing D1-C‑S 13266.35 react­ing off D1 200MA with­in D1 Sup­ply fail­ing to close below D1 QHi although did close below D1 Supply
• H4
  • H4 QHi reject­ed, price trad­ing mid swing
  • H4 Inside Bar from with­in D1 QLo coin­cid­ing with Old H4 demand
• Trend
  • Trend is Up 2/3
• Mar­ket Profile
  • Val­ue cre­at­ed below the previous
• LN Open
  • Prev. Day Exceed­ed ADR by 1.47
  • 0.92xASR Below Val­ue, Out­side Range
  • Large Imbal­ance
  • Asia trad­ed higher
  • 0.36xASR IBR

Addi­tion­al Notes

• NFP tomor­row

Hypos

• Hypo 1
  • Long
  • Sus­tained Auction
• Hypo 2
  • Short
  • Failed Auc­tion, pos­si­ble continuation
• Hypo 3
  • Short
  • Rever­sal, 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