14 Nov 20221114 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 46 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Price trad­ing with­in MN Base Sup­ply, above body, out­side range
• W1
  • W1 Ral­ly clos­ing below W1-C‑S 14360.66
  • Price trad­ing with­in body, with­in Wide W1 QHi

Nar­ra­tive

• D1
  • Price trad­ing with­in Wide W1/D1 QHi
• H4
  • Price slowed down below W1 Supply
  • Price trad­ing with­in Wide W1/D1/H4 QHi
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • Val­ue cre­at­ed above the previous
• LN Open
  • 0.23xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia trad­ed side­ways although extend­ed slight­ly lower
  • 0.35xASR IBR
  • Per­haps a delayed reac­tion to Fri­day Profit-Taking

Addi­tion­al Notes

• N.A. 

Hypos

• Hypo 1
  • Long
  • Failed Auc­tion
• Hypo 2
  • Short
  • Late-Sus­tained Auction
• Hypo 3
  • Long
  • Rever­sal, pos­si­ble Auc­tion Fade

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

• 1

Mind­ful Trad­ing (lack of sleep?)

• A bit tired from sore­ness, will take it easy. Half posi­tion size.

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram