24 Nov 20221124 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 above body, out­side range, with­in MN Base Sup­ply Lev­el, test­ing MN VWAP
  • MN QLo reject­ed, price trad­ing mid swing
• W1
  • Price trad­ing above body, out­side range, trad­ing with­in W1 Supply
  • Price trad­ing deep­er with­in Wide W1 QHi

Nar­ra­tive

• D1
  • D1 Ham­mer with­in consolidation
  • Price trad­ing with­in Wide W1/D1 QHi
• H4
  • Extend­ed H4 Phase 1 / 3
  • Price trad­ing above H4 VWAP in UT atl­hough flattening
  • H4 RBR giv­ing H4-C‑D 14425.07
  • Price took out H4 Supply
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • 4‑day brack­et­ing range
• LN Open
  • 0.13xASR Above Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia mean­dered
  • 0.55xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Sus­tained Auc­tion, pos­si­ble Late-Sus­tained Auction,
• Hypo 2
  • Short
  • Rever­sal, Auc­tion Fade
• Hypo 3
  • Short
  • Failed Auc­tion
• Hypo 4
  • Long
  • Failed 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