21 Oct 20221021 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 42 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 trad­ing with­in body
• W1
  • W1 Three Out­side Up with con­tin­u­a­tion test­ing W1-C‑S 12779.21 Low in Dist. Curve and W1 VWAP in DT and is see­ing a reaction
  • Price trad­ing above MN/W1 QLo

Nar­ra­tive

• D1
  • D1 Bear Engulf with slight con­tin­u­a­tion lower
  • D1 QLo reject­ed, price trad­ing mid swing
• H4
  • H4 QHi reject­ed, price trad­ing mid swing
• Trend
  • Trend is Up 2/3
• Mar­ket Profile
  • Val­ues in DT
• LN Open
  • 0.01xASR Below Val­ue, With­in Range, Ambigu­ous open
  • Mod­er­ate Imbalance
  • Asia formed a Neu­tral Day trad­ing sideways
  • 0.48xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Return to Val­ue, Rever­sal, pos­si­ble Failed Auction
• Hypo 2
  • Long
  • Failed Auc­tion, mon­i­tor for a late VAA continuation
• Hypo 3
  • Short
  • Sus­tained Auction
• Hypo 4
  • Long
  • 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