07 Nov 20221107 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 45 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • MN Bull Engulf reject­ing MN QLo clos­ing with­in some Base supply
• W1
  • W1 Sup­ply End 13556.30 almost got tak­en out but price closed as a Ham­mer although anoth­er sup­ply right above at W1-C‑S 13587.71
  • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

• D1
  • Big push high­er giv­ing D1-C‑D 13122.59 (with­in val­ue) clos­ing deep­er with­in Wide D1 Sup­ply / D1 QHi almost tak­ing it out
• H4
  • Price trad­ing with­in Wide D1/H4 QHi
• Trend
  • Trend is Up 2/3
• Mar­ket Profile 
  • Wide val­ue cre­at­ed above the pre­vi­ous although still with­in over­all range
• LN Open
  • Prev. Day Exceed­ed ADR by 2.03
  • Open With­in Value
  • Asia formed a Neu­tral Day
  • 0.86xASR Wide IBR tak­ing out W1 Sup­ply End

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Failed Auc­tion
• Hypo 2
  • Long
  • Strength From With­in IBR
• Hypo 3
  • Short
  • Rever­sal, Auc­tion Fade
• Hypo 4
  • Long
  • Late-Sus­tained Auction

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

• 3

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram