04 Oct 20221004 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 40 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Price made a LL but is cur­rent­ly trad­ing with­in body, with­in Wide MN QLo, with­in Wide MN Demand
• W1
  • Price trad­ing above body but with­in range, with­in Wide MN/W1 QLo, with­in Wide W1 demand

Nar­ra­tive

• D1
  • Big D1 Three Out­side Up cur­rent­ly test­ing D1-C‑S 12229.33 Low in Dist. Curve
  • Price trad­ing with­in Wide MN/W1/D1 QLo
• H4
  • H4 RBR at H4 50MA in DT BO
  • Price cur­rent­ly trad­ing at old H4 sup­ply coin­cid­ing with H4 UKC in DT, and H4 QHi
• Trend
  • Trend is Down 2/3
• Mar­ket Profile
  • 4‑day brack­et
• LN Open
  • Prev. Day Exceed­ed ADR by 1.50
  • Price took out D1 Supply
  • 1.30xASR Above Val­ue, Out­side Range
  • Huge Imbal­ance
  • Asia extend­ed and trad­ed higher
  • 0.44xASR IBR
  • Price near­ing D1 VWAP in DT, round num­ber of 12500

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Rever­sal, Pos­si­ble Failed Auction
• Hypo 2
  • Long
  • Late-Sus­tained
• Hypo 3
  • Short
  • Auc­tion Fade

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

• 3

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram