28 Nov 20221128 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 48 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 Sup­ply, at MN VWAP
• W1
  • Price closed high­er with­in sup­ply as a spin­ning top, cur­rent­ly trad­ing with­in body
  • Price trad­ing with­in Wide W1 QHi

Nar­ra­tive

• D1
  • Price slow­ly creep­ing high­er although a Doji formed below D1 Supply
  • Price test­ing D1-C‑D 14481.22 HiDC
  • Price trad­ing with­in Wide W1/D1 QHi

• H4
  • Extend­ed Pos­si­ble H4 Phase 1 / 3
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • 2 over­lap­ping val­ues cre­at­ed above the pre­vi­ous over­all range
• LN Open
  • Price gap down over the weekend
  • 0.38xASR Below Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia trad­ed lower
  • 0.40xASR IBR

Addi­tion­al Notes

• N.A. 

Hypos

• Hypo 1
  • Short
  • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
• Hypo 2
  • Long
  • Failed Auc­tion
• Hypo 3
  • Short
  • Late-Sus­tained 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