20 Dec 20221220 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 51 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 almost tak­ing out MN sup­ply before react­ing (coin­cid­ing with MN VWAP), trad­ing below MN supply
• W1
  • Price closed below Wide W1 QHi, price trad­ing below body, out­side range

Nar­ra­tive

• D1
  • Price closed below Wide W1/D1 QHi
  • Some con­sol­i­da­tion and pos­si­ble devel­op­ing con­tin­u­a­tion break down
  • Price trad­ing at D1 LKC in UT, D1 Demand Base not far below
• H4
  • H4 DBD giv­ing H4-C‑S 13885.22 BASE
  • H4 Inside Bar with longer buy­ing wick react­ing off D1 LKC in UT (near­ing D1 Demand Base)
• Trend
  • Trend is UP 2/3
• Mar­ket Profile 
  • Val­ue cre­at­ed just above the previous
• LN Open
  • 0.72xASR Below Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia formed a Neu­tral Day but most­ly trad­ed down exhaust­ing ADR
  • 0.67xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Return to Val­ue, Rever­sal, pos­si­ble Failed Auction
• Hypo 2
  • Long
  • Late-Sus­tained Auc­tion, risky, mon­i­tor for VAA
• Hypo 3
  • Short
  • Auc­tion Fade, risky

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

• 2

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram