25 Nov 20221125 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 47 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, test­ing MN VWAP, with­in MN Base Supply
  • MN QLo reject­ed, price trad­ing mid swing
• W1
  • Price trad­ing above body, out­side range, with­in W1 Supply
  • Price trad­ing deep­er with­in WIde W1 QHi

Nar­ra­tive

• D1
  • D1 RBR giv­ing D1-C‑D 14481.22 HiDC
  • Price trad­ing with­in Wide W1/D1 QHi
• H4
  • Some slow­down below D1 Supply
  • Extend­ed Phase 1 / 3
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • Val­ue cre­at­ed above the previous 
• LN Open
  • Open With­in Value
  • Asia mean­dered sideways 
  • 0.36xASR IBR
  • Pos­si­ble Fri­day Profit-Taking

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Failed Auc­tion
• Hypo 2
  • Short
  • Late-Sus­tained Auction
• Hypo 3
  • Short
  • Failed Auc­tion
• Hypo 4
  • Long
  • 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