05 Dec 20221205 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 49 Trad­ing Plan

The pur­pose of a pre­mar­ket prep is to find setups with­in my week­ly trade plan bias

Larg­er Timeframe

• MN
  • Price closed deep with­in MN Supply
  • Price trad­ing with­in body, at MN VWAP
• W1
  • Price closed high­er with­in W1 Sup­ply, Wide W1 QHi

Nar­ra­tive

• D1
  • Some con­sol­i­da­tion below D1-C‑S 14606.97
  • Some demand at D1 VWAP in UT giv­ing D1-C‑D 14395.25 HiDC
• H4
  • Pos­si­ble H4 Phase 1 / 3
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • 2 wide val­ues over­lap­ping with­in over­all range
• LN Open
  • Prev. Day Exceed­ed ADR by 1.47
  • Open With­in Val­ue (Wide Value)
  • Asia formed a Non-Trend Day
  • 0.39xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Failed Auc­tion, pos­si­ble 3‑I day
• Hypo 2
  • Short
  • Late-Sus­tained Auction
• Hypo 3
  • 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