22 Nov 20221122 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 47 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, test­ing MN VWAP CAR
• W1
  • W1 Ham­mer for­ma­tion clos­ing with­in W1-C‑S 14350.66
  • Price trad­ing with­in body, with­in sup­ply, with­in Wide W1 QHi

Nar­ra­tive

• D1
  • Price show­ing a slow down with­in Wide W1/D1 QHi
  • Price formed demand giv­ing D1-C‑D 14256.93 HiDC
• H4
  • Extend­ed H4 Phase 1 / 3
  • Pre­mar­ket closed lower
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • Val­ue cre­at­ed just below the pre­vi­ous (touch­ing), price trad­ing with­in over­all range
• LN Open
  • Open With­in Value
  • Asia formed a Neu­tral Day but most­ly trad­ed lower
  • A TPO closed above VAH
  • 0.31xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Failed Auc­tion
• Hypo 2
  • Long
  • Late-Sus­tained Auction
• Hypo 3
  • Short
  • Auc­tion Fade

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

• 1

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram