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13 Dec 20221213 Premarket Prep DAX
#Fintwit #DAX #DE30Cash #MarketProfile #Orderflow
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This is my premarket prep for today’s European session for DAX. This prep builds off of my weekly trade plan I made here:
The purpose of a premarket prep is to find setups within my weekly trade plan bias
Larger Timeframe
- MN
- Price trading within body, at MN VWAP, within MN Supply
- W1
- Price trading within body, below supply, within Wide W1 Supply
Narrative
- D1
- D1 Bull Engulf above D1-C‑D 14256.93 HiDC, below D1 VWAP in UT
- H4
- Possible H4 Phase 1 / 3
- Trend
- Trend is UP 2/3
- Market Profile
- 2nd wide value overlapping
- LN Open
- Open Within Value
- Asia traded lower but returned to IB
- 0.54xASR IBR
Additional Notes
- Thursday, Dec 15, Interest Rate Decisions
Hypos
- Hypo 1
- Long
- Failed Auction
- Hypo 2
- Short
- Late-Sustained Auction
- Hypo 3
- Short
- Failed Auction
- Hypo 4
- Long
- Late-Sustained Auction
Clarity / Confidence (1 — 5, low to high)
- 1
Mindful Trading (lack of sleep?)
- Feeling okay
Focus Points for trading development
- Monthly Goals
- Use SL scaling
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