12 Dec 20221212 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 50 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Price trad­ing with­in body, at MN VWAP, with­in MN Supply
• W1
  • W1 Bear Engulf at W1-C‑S 14350.66 giv­ing W1-C‑S 14488.81 with­in Wide W1 QHi

Nar­ra­tive

• D1
  • D1 VWAP in UT BD, price trad­ing above D1-C‑D 14256.93 HiDC (test­ed mul­ti­ple times)
• H4
  • Pos­si­ble H4 Phase 1 / 3
• Trend
  • Trend is UP 2/3
• Mar­ket Profile 
  • Wide val­ue cre­at­ed in a 3‑day bracket
• LN Open
  • Prev. Day exceed­ed ADR by 1.24
  • Open With­in Val­ue (Wide Value)
  • Asia trad­ed side­ways although extend­ed below
  • 0.41xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Failed Auc­tion, pos­si­ble 3‑I Day
• Hypo 2
  • Short
  • Late-Sus­tained Auction
• Hypo 3
  • Long
  • Failed Auc­tion, pos­si­ble 3‑I Day
• Hypo 4
  • Long
  • Auc­tion Fade

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

• 1

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing a bit tired

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram