01 Nov 20221101 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 44 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 then closed high­er as a MN Bull Engulf giv­ing MN-C‑D 12767.11 reject­ing MN QLo clos­ing with­in MN Sup­ply base
• W1
  • MN/W1 QLo reject­ed and price closed high­er at W1 200MA with­in W1 Sup­ply LiDC

Nar­ra­tive

• D1
  • Price closed with­in D1-C‑S 13164.54 and is near­ing D1 200MA
  • Price trad­ing above D1 UKC
• H4
  • H4-C‑D 13278.17 HiDC (with­in val­ue below VAH) cre­at­ed above H4 VWAP in UT
• Trend
  • Trend is Up 2/3
• Mar­ket Profile
  • Val­ue cre­at­ed above the pre­vi­ous range
• LN Open
  • NY wider than LN
  • 0.61xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia trad­ed higher
  • 0.18xASR Tight IBR
  • C TPO extend­ed below but then shot up and already formed a Neu­tral Day

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Failed Auc­tion, pos­si­bil­i­ty for con­tin­u­a­tion due to Tight IBR
• Hypo 2
  • Short
  • Rever­sal
• Hypo 3
  • Short
  • Auc­tion Fade

Clar­i­ty / Con­fi­dence (1 — 5, low to high)

• 1

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram