26 Sep 20220926 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 39 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 with­in MN demand, Wide MN QLo
• W1
  • W1 Three Out­side Down giv­ing W1-C‑S 12780.70 clos­ing with­in W1-C‑D 12587.07, with­in Wide W1 QLo
  • Price trad­ing below body, with­in range

Nar­ra­tive

• D1
  • D1 DBD giv­ing D1-C‑S 12539.86 BASE at W1 demand
  • Price trad­ing with­in Wide MN/W1/D1 QLo
• H4
  • H4 con­sol­i­da­tion after a drop
• Trend
  • Trend is Down 3/3
• Mar­ket Profile
  • Wide Val­ue cre­at­ed below the pre­vi­ous brack­et­ing range
• LN Open
  • Prev. Day Exceed­ed ADR by 1.57
  • 0.03xASR Below Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia formed a Neu­tral Dat but most­ly trad­ed lower
  • 0.79xASR Wide IBR
  • A TPO accept­ed val­ue but its wide so nor­mal rules might not apply

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Failed Auc­tion
• Hypo 2
  • Long
  • Strength From With­in IBR (pos­si­ble for­ward-test with­out IBR extension)
• Hypo 3
  • Short
  • Rever­sal, pos­si­ble ASR/ADR Exhaustion

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