23 Nov 20221123 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, with­in MN Base Sup­ply, test­ing MN VWAP (CAR area)
• W1
  • Price made a HH but is now trad­ing with­in body
  • Price trad­ing deep with­in Wide W1 QHi

Nar­ra­tive

• D1
  • Price closed high­er dorm D1-C‑D 14256.93 HiDC
  • Price trad­ing deep­er with­in Wide W1/D1 QHi
• H4
  • Extend­ed H4 Phase 1 / 3 although price did try clos­ing higher
  • H4-C‑D 14379.38 with­in val­ue at VAL
  • H4 Three Out­side Down formed in pre­mar­ket giv­ing H4-C‑S 14476.88 Momentum
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • 3 over­lap­ping val­ues with­in an over­all range
• LN Open
  • 0.16xASR Above Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia did not make much of a move although mean­dered slight­ly lower
  • 0.52xASR IBR
  • A TPO dropped and accept­ed val­ue, B TPO rotat­ed about 90% through Value

Addi­tion­al Notes

• N.A. 

Hypos

• Hypo 1
  • Short
  • Val­ue Accep­tance, pos­si­ble con­tin­u­a­tion although risky with demand at VAL
• Hypo 2
  • Long
  • Return to Val­ue, Rever­sal (pos­si­bly at H4 demand for­ward-test although extreme­ly risky), Pos­si­ble Failed Auc­tion (very risky after full rotation)
• Hypo 3
  • Short
  • Failed Auc­tion
• Hypo 4
  • Long
  • Auc­tion Fade, risky after full rotation

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

• 2

Mind­ful Trad­ing (lack of sleep?)

• Tak­ing it easy

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram