08 Sep 20220908 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 above MN QLo
• W1
  • Price trad­ing above body, with­in range
  • Price trad­ing with­in Wide W1 QLo

Nar­ra­tive

• D1
  • D1 closed above D1 QLo (as well as W1 QLo) and pre­vi­ous range
• H4
  • Price reached H4 QHi coin­cid­ing with H4 UKC in DT and start­ed fal­ter­ing (coin­cid­ing with inside of W1 QLo)
• Trend
  • Trend is Down 3/3
• Mar­ket Profile
  • 2 over­lap­ping val­ues with­in over­all range
• LN Open
  • Prev. Day Exceed­ed ADR by 1.32
  • 0.81xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia formed a Neu­tral Day
  • 0.63x ASR IBR
  • Price opened at round num­ber 13000

Addi­tion­al Notes

• EUR inter­est rate deci­sion today

Hypos

• Hypo 1
  • Long
  • Return to Val­ue, pos­si­ble Rever­sal, pos­si­ble Failed Auction
• Hypo 2
  • Short
  • Late-Sus­tained Auction
• Hypo 3
  • Short
  • Failed 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