27 Oct 20221027 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 43 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Price trad­ing above body, with­in range, with­in new­ly formed MN Sup­ply LiDC, above MN QLo
• W1
  • Price trad­ing above body, above range, with­in W1 Sup­ply LiDC, above W1 VWAP in DT
  • MN/W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

• D1
  • Price closed high­er although failed to close with­in D1-C‑S 13165.38 but did close with­in Wide D1 QHi
  • D1 VWAP in DT BO to CAS, pos­si­ble continuation
• H4
  • H4-C‑D 13048.86 at H4 VWAP/UKC in UT TC
  • H4 con­sol­i­da­tion with­in D1/H4 QHi
• Trend
  • Trend is UP 2/3
• Mar­ket Profile
  • Val­ue cre­at­ed above the previous
• LN Open
  • Prev. Day trad­ed 0.99xASR, pos­si­ble ADR momentum
  • NY wider than LN, move of the day might hap­pen dur­ing NY
  • 0.06xASR Above Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia trad­ed lower
  • 0.25xASR Tight IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auc­tion, pos­si­ble continuation
• Hypo 2
  • Short
  • Val­ue Accep­tance, pre­ferred to take out LTF demand at VAH first
• Hypo 3
  • Long
  • Sus­tained Auc­tion, very risky, would need to clear Asia high
• 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