15 Nov 20221115 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 above body, out­side range, with­in MN Base Sup­ply level
  • MN QLo reject­ed, price trad­ing mid swing
• W1
  • Price closed deep with­in Wide W1 QHi, below W1 Supply
  • Price made a HH and is now trad­ing above body, with­in range

Nar­ra­tive

• D1
  • D1 con­sol­i­da­tion with­in Wide W1/D1 QHi
• H4
  • Slow­down of price with­in Wide W1/D1/H4 QHi
  • Pos­si­ble H4 Phase 1 / 3
  • H4 Three Out­side Up formed at H4-C‑D 14246.74 HiDC
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • Val­ue cre­at­ed above the previous
• LN Open
  • 0.33xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia trad­ed higher
  • 0.47xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
• Hypo 2
  • Short
  • Val­ue Accep­tance, risky with demand with­in val­ue, pos­si­ble continuation
• Hypo 3
  • Long
  • Auc­tion Fade, although risky with a Val­ue Accep­tance play there might be a push from H4 VWAP in UT

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