22 Sep 20220922 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 38 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Price trad­ing below body, below range
  • Price trad­ing at MN QLo
• W1
  • Price trad­ing below body, with­in range after hav­ing made a LL
  • Price trad­ing with­in Wide W1 QLo

Nar­ra­tive

• D1
  • 2nd chance entry test of new­ly formed D1-C‑S 12775.80 Low in Dist. Curve
  • Price came close to tak­ing out D1 Swing low, cur­rent­ly still trad­ing with­in Wide D1 QLo
• H4
  • H4 Bull Engulf at W1 demand
• Trend
  • Trend is Down 3/3
• Mar­ket Profile
  • 4‑day brack­et­ing although slop­ing lower
• LN Open
  • Prev. Day Exceed­ed ADR by 1.32
  • 0.29 xASR Below Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia trad­ed lower
  • A TPO accept­ed val­ue, B TPO rotat­ed through val­ue clos­ing above VAH exhaust­ing ADR
  • ASR exhaus­tion not far above
  • 0.94xASR Wide IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Failed Auc­tion, risky due to Val­ue Accep­tance, pos­si­ble Rever­sal with or with­out ASR Exhaustion
• Hypo 2
  • Long
  • Strength From With­in IBR (pos­si­bil­i­ty for no IB exten­sion play)

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