17 Nov 20221117 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, trad­ing near MN VWAP
  • MN QLo reject­ed, price trad­ing mid swing
• W1
  • Price made a HH test­ing W1 Sup­ply and is now trad­ing below sup­ply, above body, with­in range
  • Price trad­ing with­in Wide W1 QHi

Nar­ra­tive

• D1
  • Price slow­down, con­sol­i­da­tion through Long-Legged Dojis with­in Wide W1/D1 QHi
• H4
  • Pos­si­ble H4 Phase 1 / 3
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • 3 over­lap­ping values
• LN Open
  • Prev. Day trad­ed 0.96xADR, pos­si­ble Momen­tum (ADR)
  • 0.15xASR Above Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia formed a Neu­tral Day but most­ly trad­ed higher
  • 0.38xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
• Hypo 2
  • Short
  • Val­ue Acceptance
• Hypo 3
  • Short
  • Rever­sal, Auc­tion Fade
• 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