03 Oct 20221003 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 40 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Price made a LL but is now trad­ing below body, with­in range, with­in MN demand, with­in Wide MN QLo
• W1
  • Price made a LL and is trad­ing below body, with­in range, with­in Wide W1 Demand, with­in Wide MN/W1 QLo

Nar­ra­tive

• D1
  • D1 Bear Engulf giv­ing D1-C‑S 12114.18 Low in Dist. Curve
  • Price took out the low
• H4
  • H4 Bear Engulf at D1 Sup­ply coin­cid­ing with H4 VWAP in DT TC
  • Sup­ply with­in Value
  • Pre­mar­ket formed a H4 Bull Engulf
  • Pos­si­ble H4 Phase 1 / 3
• Trend
  • Trend is Down 3/3
• Mar­ket Profile
  • 3‑day brack­et
• LN Open
  • 0.09xASR Below Val­ue, With­in Range
  • Mod­er­ate Imbalance
  • Asia formed a Neu­tral Day
  • 0.57xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
• Hypo 2
  • Long
  • Val­ue Accep­tance, tricky with sup­plies with­in value
• Hypo 3
  • Short
  • Sus­tained Auc­tion, tricky with new­ly formed H4 demand
• Hypo 4
  • Short
  • 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