04 Nov 20221104 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

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

Larg­er Timeframe

• MN
  • Price made a LL and is trad­ing with­in body
• W1
  • Price trad­ing at W1 200MA, trad­ing with­in body
  • MN/W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

• D1
  • D1 Bear Engulf with not imme­di­ate con­tin­u­a­tion, instead a Near-Doji clos­ing slight­ly below D1 QHi
  • Price closed below a pre­vi­ous base
• H4
  • Pos­si­ble H4 Phase 1 / 3 Inside D1 QHi
• Trend
  • Mixed Trend
• Mar­ket Profile
  • Wide val­ue below the previous
• LN Open
  • NY wider than LN
  • 0.12xASR Above Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia formed a Neu­tral day but most­ly trad­ed higher
  • 0.27xASR Tight IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Late-Sus­tained Auction
• Hypo 2
  • Short
  • Failed Auc­tion, mon­i­tor for con­tin­u­a­tion through VAA
• 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