08 Nov 20221108 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
  • Price trad­ing above body, out­side range
• W1
  • Price made a HH test­ing W1-C‑S 13587.71 and is now trad­ing above body, with­in range
  • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

• D1
  • Price trad­ing with­in Wide D1 QHi above D1 200MA in DT
• H4
  • Price trad­ing with­in Wide D1/H4 QHi con­sol­i­dat­ing below W1-C‑S 13587.71
  • H4-C‑D 13440.02 HiDC at D1 QHi
• Trend
  • Trend is Up 2/3
• Mar­ket Profile 
  • Val­ue cre­at­ed above the previous
• LN Open
  • Prev. Day Exceed­ed ADR by 1.02
  • 0.06xASR Below Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia trad­ed lower
  • 0.35xASR IBR, B TPO accept­ed value

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Return to Val­ue, Rever­sal, pos­si­ble Failed Auction
• Hypo 2
  • Long
  • Val­ue Accep­tance, risky with (W1) sup­plies with­in value 
• Hypo 3
  • Short
  • Rever­sal, Auc­tion Fade risky in case of full rota­tion through value

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