22 Dec 20221222 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 51 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
  • Price closed below Wide W1 QHi, cur­rent­ly trad­ing with­in body, with­in Wide W1 QHi 

Nar­ra­tive

• D1
  • D1 Con­sol­i­da­tion and break high­er giv­ing D1-C‑D 13915.60 clos­ing with­in Wide W1/D1 QHi
• H4
  • H4 VWAP in DT BO giv­ing H4-C‑D 13983.86 (with­in Val­ue at VAL)
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • Val­ue cre­at­ed above the pre­vi­ous, with­in over­all range
• LN Open
  • Prev. Day Exceed­ed ADR by 1.05
  • 0.51xASR Above Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia trad­ed higher
  • 0.36xASR IBR

Addi­tion­al Notes

• N.A. 

Hypos

• Hypo 1
  • Long
  • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
• Hypo 2
  • Long
  • Late-Sus­tained Auction
• Hypo 3
  • Short
  • Rever­sal, pos­si­ble Failed Auction
• Hypo 4
  • Short
  • Auc­tion Fade

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

• 1

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay. Have some oth­er tasks to do. Might not trade.

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram