24 Apr 20230424 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 2023 Week 17 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 — Above Range — With­in Sup­ply — With­in QHi -

W1 price trading:

With­in Body — With­in QHi — Wide Q — 

Nar­ra­tive

• D1
  • D1 demand HiDC below D1 Supply
  • Trad­ing with­in Wide D1 QHi
• H4
  • Big H4 Bull Engulf giv­ing H4-C‑D 15777.06 at VAH
• Trend
  • Trend is UP 3/3
• Mar­ket Profile 
  • 2 over­lap­ping values
• LN Open
  • 0.64xASR Above Val­ue — Out­side Range
  • Mod­er­ate to Large Imbalance
  • Prev. Day Exceed­ed ADR by 1.70
  • Asia trad­ed lower

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Failed Auc­tion
• Hypo 2
  • Long
  • Late-Sus­tained Auction
• Hypo 3
  • Short
  • Auc­tion Fade

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

• 1

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing okay

Focus Points for trad­ing development

• Month­ly Goals 
  • Use SL scaling

• Twit­ter
• Insta­gram