16 Nov 20221116 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 46 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, at MN VWAP
  • MN QLo reject­ed, price trad­ing mid swing
• W1
  • Price trad­ing above body, out­side range, just below W1-C‑S 14350.66
  • Price trad­ing with­in Wide W1 QHi

Nar­ra­tive

• D1
  • Some con­sol­i­da­tion with­in Wide W1/D1 QHi
• H4
  • Pos­si­ble H4 Phase 1 / 3
  • H4 Bull Engulf giv­ing H4-C‑D 14258.29 HiDC just below VAL
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • 2 over­lap­ping values
• LN Open
  • Prev. Day Exceed­ed ADR by 1.26
  • 0.01xASR Above Val­ue, With­in Range, Ambigu­ous open
  • Mod­er­ate Imbalance
  • Asia trad­ed higher
  • 0.34xASR IBR
  • A TPO closed with­in Value

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Val­ue Acceptance
• Hypo 2
  • Long
  • Failed Auc­tion
• Hypo 3
  • Long
  • Auc­tion Fade, pos­si­ble Failed Auc­tion hybrid

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