20221206 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

See more

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

Larg­er Timeframe

• MN
  • Price trad­ing with­in body, with­in MN sup­ply, at MN VWAP
  • MN QLo reject­ed, price trad­ing mid swing
• W1
  • Price trad­ing with­in W1 Sup­ply, with­in Wide W1 QHi
  • Price trad­ing below body, with­in range

Nar­ra­tive

• D1
  • Price closed low­er but left a small buy­ing wick react­ing off D1-C‑D 14395.25 HiDC and D1 VWAP in UT
  • Pos­si­ble D1 Phase 1 / 3
• H4
  • Some con­sol­i­da­tion above D1/H4 demand 
  • Price trad­ing at the bot­tom of the range
  • H4-C‑S 14447.71 with­in val­ue at VAL
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • 3‑day brack­et, trad­ing with­in over­all range
• LN Open
  • Prev. Day Exceed­ed ADR by 1.04
  • 0.12xASR Below Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia formed a Neu­tral Day but most­ly trad­ed lower
  • 0.81xASR Wide IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Val­ue Accep­tance, pos­si­ble continuation
• Hypo 2
  • Short
  • Failed Auc­tion
• Hypo 3
  • Long
  • Strength From With­in IBR
• Hypo 4
  • Short
  • Rever­sal, 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