14 Dec 20221214 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 50 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Price made a HH came near to tak­ing out Mn sup­ply and is now trad­ing with­in body, at MN VWAP, with­in MN Supply
• W1
  • Price test­ed new­ly formed W1 Sup­ply but then pushed through and made a HH, cur­rent­ly trad­ing with­in body, with­in Wide QHi, with­in W1 Supply

Nar­ra­tive

• D1
  • Pos­si­ble D1 Phase 1 / 3, price stay­ing above D1 demand HiDC but closed with a longer sell­ing wick react­ing off D1-C‑S 14606.97
  • Price trad­ing at D1 VWAP in UT
• H4
  • Price slow­ing down below H4 UKC in R and W1 Sup­ply after leav­ing a long sell­ing wick test­ing H4 QHi
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • Wide val­ue cre­at­ed with­in a brack­et­ing range
• LN Open
  • Prev. Day Exceed­ed ADR by 2.41
  • Open With­in Val­ue, Wide Value
  • Asia extend­ed to the upside although most­ly trad­ed sideways
  • 0.31xASR IBR

Addi­tion­al Notes

• Inter­est rate deci­sions tomorrow

Hypos

• Hypo 1
  • Short
  • Late-Sus­tained Auction
• Hypo 2
  • Long
  • Failed Auc­tion, pos­si­ble continuation
• Hypo 3
  • Long
  • Auc­tion Fade
• Hypo 4
  • Short
  • Rever­sal

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

• 1

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay but will take extra cau­tion as I have been under­form­ing in for­mu­lat­ing my hypos this week

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram