16 Dec 20221216 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, see­ing some reac­tion at MN VWAP cur­rent­ly trad­ing below MN Supply
• W1
  • Price made a HH but start­ed react­ing with­in W1 Sup­ply and is now trad­ing below body, below range, below Wide W1 QHi

Nar­ra­tive

• D1
  • Huge D1 Three Inside Down clos­ing well below pre­vi­ous over­all range, above D1 50MA in UT, fail­ing to close below Wide W1/D1 QHi
• H4
  • Some con­sol­i­da­tion from with­in W1/D1 QHi 
• Trend
  • Trend is up 2/3
• Mar­ket Profile 
  • Wide val­ue cre­at­ed below the previous 
• LN Open
  • Prev. Day Exceed­ed ADR by 2.48
  • 1.31xASR Below Val­ue, Out­side Range
  • Huge Imbal­ance
  • Asia trad­ed higher
  • 0.80xASR Wide IBR
  • Pos­si­ble Fri­day Profit-Taking

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Long
  • Failed Auc­tion
• Hypo 2
  • Short
  • Weak­ness From With­in IBR
• Hypo 3
  • 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