09 Nov 20221109 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
  • MN QLo reject­ed, price trad­ing mid swing
• W1
  • Price trad­ing above body, out­side range, with­in W1-C‑S 13587.71
  • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

• D1
  • Pos­si­ble D1 Phase 4
  • Price trad­ing above D1 200MA, closed with­in W1 Supply
• H4
  • H4 stair­case for­ma­tion clos­ing high­er giv­ing H4-C‑D 13500 HiDC, con­sol­i­da­tion with­in W1 Supply
  • Price trad­ing with­in Wide H4/D1 QHi
• Trend
  • Trend is UP 2/3
• Mar­ket Profile 
  • 2 over­lap­ping val­ues in UT
• LN Open
  • Prev. Day trad­ed 0.98xADR, pos­si­ble momentum
  • 0.17xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia trad­ed lower
  • 0.46xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Return to Val­ue, Rever­sal, pos­si­ble Failed Auction
• Hypo 2
  • Short
  • Val­ue Acceptance
• Hypo 3
  • Long
  • Late-Sus­tained Auc­tion, prefer­ably take out Asia high, tricky with yesterday’s high right above
• Hypo 4
  • Long
  • 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