29 Nov 20221129 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 trad­ing below Body, with­in range, with­in W1 Sup­ply, with­in Wide W1 QHi

Nar­ra­tive

• D1
  • D1 closed below pre­vi­ous small range although failed to close below W1 Supply
  • Price trad­ing with­in Wide W1/D1 QHi
• H4
  • H4 VWAP BD giv­ing H4-C‑S 14462.84 just above VAH, ADR exhaus­tion nearby
  • H4 Morn­ing Star at H4 LKC in UT from with­in W1 Sup­ply at OLD H4 demand
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • Wide val­ue cre­at­ed below the pre­vi­ous trad­ing with­in over­all range
• LN Open
  • Prev. Day Exceed­ed ADR by 1.29
  • Open With­in Value
  • Asia trad­ed high­er (retrac­ing most of pre­vi­ous day range)
  • 0.50xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Failed Auc­tion, pos­si­ble 3‑I Day
• Hypo 2
  • Short
  • Late-Sus­tained Auction
• Hypo 3
  • 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