07 Dec 20221207 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 trad­ing with­in body, with­in MN Sup­ply, at MN VWAP
• W1
  • Price trad­ing below body, out­side range mak­ing a LL
  • Price ducked below W1 Sup­ply, still trad­ing with­in Wide W1 QHi

Nar­ra­tive

• D1
  • Pos­si­ble D1 Phase 3, price closed below D1 VWAP in UT but failed to close with­in D1 demand HiDC
  • Price trad­ing with­in Wide W1/D1 QHi
• H4
  • Some con­sol­i­da­tion below H4 LKC, price closed below pre­vi­ous range
• Trend
  • Trend is UP 2/3
• Mar­ket Profile 
  • 4th over­lap­ping val­ue although slop­ing down
• LN Open
  • Prev. Day Exceed­ed ADR by 1.47
  • 0.87xASR Below Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia formed a Neu­tral Day
  • 0.62xASR IBR

Addi­tion­al Notes

• N.A. 

Hypos

• Hypo 1
  • Short
  • Rever­sal, pos­si­ble Failed Auc­tion, pos­si­ble Return to Value
• Hypo 2
  • Long
  • Late-Sus­tained Auc­tion, mon­i­tor for val­ue acceptance
• 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