20221208 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

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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 made a LL and is trad­ing below body, out­side range, below W1 supply

Nar­ra­tive

• D1
  • Price closed low­er although leav­ing equal-long buying/selling wicks fail­ing to close with­in D1 demand HiDC, trad­ing above it
  • Price trad­ing with­in Wide W1/D1 QHi
• H4
  • Pos­si­ble H4 Phase 1 / 3
  • H4 Bull­ish Inside Bar formed in premarket
• Trend
  • Trend is Up 2/3
• Mar­ket Profile 
  • Val­ue cre­at­ed below the previous
• LN Open
  • Prev. Day Exceed­ed ADR by 1.01
  • Open With­in Value
  • Asia trad­ed low­er but reversed
  • 0.37xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Failed Auc­tion
• Hypo 2
  • Short
  • Failed Auc­tion
• Hypo 3
  • Short
  • Late-Sus­tained Auction
• Hypo 4
  • Long
  • 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