21 Dec 20221221 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, trad­ing at MN VWAP, with­in body, below MN Supply
• W1
  • Price closed below Wide W1 QHi, made a LL, trad­ing with­in body

Nar­ra­tive

• D1
  • D1 Ham­mer formed react­ing off D1 LKC in UT fail­ing to close with­in Wide W1/D1 QHi
• H4
  • H4 VWAP in DT BO
  • H4 Bear Engulf at W1/D1 QHi
• Trend
  • Trend is UP 2/3
• Mar­ket Profile 
  • Val­ue below the pre­vi­ous with­in over­all range
• LN Open
  • Prev. Day Exceed­ed ADR by 1.35
  • 0.21xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia trad­ed higher
  • 0.36xASR IBR trad­ing low­er test­ing VAH
  • Round num­ber 14000 right above

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
• Hypo 2
  • Long
  • Late-Sus­tained Auc­tion, risky trad­ing into QHi, pre­am­ble close above Asia high
• Hypo 3
  • Short
  • Rever­sal, Pos­si­ble Failed Auction
• Hypo 4
  • Short
  • Auc­tion Fade

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