06 Sep 20220906 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 36 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Pos­si­ble MN consolidation
  • Price trad­ing at MN QLo
• W1
  • Price closed low­er as an Invert­ed Hammer
  • Price trad­ing with­in W1 QLo
  • Price trad­ing above body, with­in range

Nar­ra­tive

• D1
  • D1 Bull Engulf at pre­vi­ous D1 demand
  • Price still trad­ing with­in D1 QLo
• H4
  • Some H4 con­sol­i­da­tion at H4 VWAP in DT
• Trend
  • Trend is Down 3/3
• Mar­ket Profile
  • 3 over­lap­ping values
• LN Open
  • NY wider than LN
  • Open With­in Value
  • Asia formed a Neu­tral Day
  • 0.86xASR Wide IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Failed Auc­tion
• Hypo 2
  • Long
  • Strength From With­in IBR, (for­ward-test a pos­si­ble Rever­sal From With­in IBR)
• Hypo 3
  • Long
  • Failed Auc­tion
• Hypo 4
  • Short
  • Weak­ness From With­in IBR

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