10 Nov 20221110 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 45 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Price is trad­ing above body, out­side range
  • MN QLo reject­ed, price trad­ing mid swing
• W1
  • Price trad­ing above body, out­side range, although with­in W1 Supply
  • W1 QLo reject­ed, price trad­ing mid swing

Nar­ra­tive

• D1
  • D1 Bear­ish Inside Bar with­in Wide D1 QHi
• H4
  • Pos­si­ble H4 Phase 2, price trad­ing at H4 VWAP in UT pos­si­ble TC
• Trend
  • Trend is Up 2/3
• Mar­ket Profile 
  • 3 over­lap­ping values
• LN Open
  • Open With­in Value
  • Asia formed a Neu­tral Day but most­ly trad­ed higher
  • 0.51xASR IBR with A and B TPO clos­ing above VAH although B TPO closed as a long-legged Doji (longer sell­ing wick)

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Failed Auc­tion
• Hypo 2
  • Long
  • Late-Sus­tained Auc­tion, pos­si­ble Strength From With­in IBR
• Hypo 3
  • Long
  • Failed Auc­tion
• Hypo 4
  • Short
  • Late-Sus­tained Auction

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

• 1

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay, a bit rushed due to oth­er work

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram