11 Nov 20221111 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, with­in MN Base Sup­ply Level
  • MN QLo reject­ed, price trad­ing mid swing
• W1
  • Price trad­ing took out W1 Sup­ply trad­ing above body, out­side range, near­ing W1-C‑S 14350.66
  • Price trad­ing with­in Wide W1 QLo

Nar­ra­tive

• D1
  • D1 RBR took out D1 Sup­ply clos­ing deep with­in W1/D1 QHi
• H4
  • Price slow­ing down below W1 Sup­ply trad­ing deep with­in Wide W1/D1/H4 QHi
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • Very Wide Val­ue cre­at­ed in a 4 day brack­et­ing range
• LN Open
  • Prev. Day Exceed­ed ADR by 2.68
  • 1.64xASR Above Val­ue, Out­side Range
  • Huge Imbal­ance
  • ASR / ADR exhaus­tion not far above
  • Asia formed a Neu­tral Day but most­ly trad­ed higher
  • 0.48xASR IBR

Addi­tion­al Notes

• Pos­si­ble Fri­day Profit-Taking

Hypos

• Hypo 1
  • Short
  • Rever­sal, Pos­si­ble Failed Auction
• Hypo 2
  • Short
  • Late-Sus­tained Auc­tion (huge Imbalance)
• Hypo 3
  • Long
  • Failed Auc­tion, pos­si­ble continuation
• Hypo 4
  • Long
  • Late-Sus­tained Auction

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