20221215 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

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

Larg­er Timeframe

• MN
  • Price made a HH almost tak­ing out MN Sup­ply and is now trad­ing with­in body, at MN VWAP
• W1
  • W1 Bear Engulf sup­ply tak­en out, price now trad­ing with­in body, below W1-C‑S 14350.66, with­in Wide W1 QHi

Nar­ra­tive

• D1
  • Pos­si­ble D1 Phase 1 / 3
  • D1 Bear­ish Inside Bar
• H4
  • Pos­si­ble H4 Phase 1 / 3
  • Con­sol­i­da­tion break down giv­ing H4-C‑S 14455.20 to DBD giv­ing H4-C‑S 14400.61 BASE with­in val­ue at VAL
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • Extend­ed balancing
• LN Open
  • 0.31xASR Below Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Open below yes­ter­day low
  • Asia trade side­ways, slight­ly extend­ed below
  • 0.43xASR IBR, ADR exhaus­tion right below, above H4 QLo

Addi­tion­al Notes

• Inter­est Rate Deci­sions today

Hypos

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

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

• 1

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay, but tak­ing it easy

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram