21 Sep 20220921 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 38 Trad­ing Plan

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

Larg­er Timeframe

• MN
  • Price trad­ing below Body, below range
  • Price trad­ing at MN QLo
• W1
  • W1 Bear­ish Inside Bar, price trad­ing below body, below range hav­ing tak­en out new W1 demand
  • Price trad­ing with­in Wide W1 QLo

Nar­ra­tive

• D1
  • D1 Bear Engulf giv­ing D1-C‑S 12775.80 Low in Dis­tr. Curve (with­in value)
  • Price trad­ing with­in Wide D1 QLo
• H4
  • Price closed low­er with­in D1 demand
• Trend
  • Trend is Down 3/3
• Mar­ket Profile
  • 3‑day brack­et, yesterday’s val­ue being wider than normal
• LN Open
  • Prev. Day Exceed­ed ADR by 1.59
  • 0.53xASR Below Val­ue, Out­side Range
  • Mod­er­ate to Large Imbalance
  • Asia formed a Neu­tral Day
  • 0.58xASR IBR

Addi­tion­al Notes

• N.A.

Hypos

• Hypo 1
  • Short
  • Return to Val­ue, Rever­sal, Pos­si­ble Failed Auction
• Hypo 2
  • Long
  • Val­ue Acceptance
• Hypo 3
  • Short
  • Auc­tion Fade

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

• 2

Mind­ful Trad­ing (lack of sleep?)

• Feel­ing a bit tired so I will take it easy. Plus I have a meet­ing lat­er into the session. 

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram