09 Dec 20221209 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, at MN VWAP, with­in MN Supply
• W1
  • Price trad­ing below body, out­side range, below W1 Sup­ply, with­in Wide W1 QHi

Nar­ra­tive

• D1
  • Price trad­ing with­in Wide W1/D1 QHi, trad­ing above D1-C‑D 14256.93 HiDC
  • D1 VWAP in UT BD
• H4
  • Pos­si­ble H4 Phase 1 / 3
  • H4 Grave­stone Doji above H4 VWAP in DT
• Trend
  • Trend is UP 2/3
• Mar­ket Profile 
  • Wide val­ue in DT although slight­ly over­lap­ping the previous
• LN Open
  • 0.38xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia trad­ed higher
  • 0.55xASR IBR

Addi­tion­al Notes

• N.A. 

Hypos

• Hypo 1
  • Long
  • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
• Hypo 2
  • Short
  • Val­ue Accep­tance, pos­si­ble continuation
• Hypo 3
  • Long
  • Auc­tion Fade, risky after full rotation

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