DAX 2021 Week 25 Trading Plan - Bear Market Trader
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DAX 2021 Week 25 Trading Plan

DAX 2021 Week 25 Trading Plan

#Fin­twit #Order­flow #day­trad­ing #day­trade #forex #FX #trade­plan #trad­ing­plan #trad­ing­forex #trad­inglifestyle #day­trader­life #index #indices #DAX #DE30Cash

This is my week­ly out­look on DAX. The lev­els that I will be look­ing at with a high­er prob­a­bilis­tic chance the mar­ket will start react­ing. Dur­ing the ses­sion I then wait for the mar­ket to hit those lev­els and either con­firm or reject my bias through price action con­fir­ma­tion and order flow. I hope that makes sense. If not, please get in touch with me. I love to talk to peo­ple that are on the same path as me. So don’t be shy and reach out. 

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Month­ly — Slight­ly Bullish

  • MN Bull Engulf giv­ing MN-C‑D 13694 and price con­tin­ued high­er mak­ing an all-time high
  • Price cur­rent­ly trad­ing with­in last month’s body

Week­ly — Slight­ly Bearish

  • W1 Bear Engulf giv­ing W1-C‑S 15677.71 and price return­ing to W1-C‑D 15401.45
  • Pos­si­ble W1 Phase 1 / 3 (although equi­ties have a fun­da­men­tal upwards bias)
  • Price trad­ing above W1 VWAP in UT

Dai­ly — Slight­ly Bearish

  • D1 Con­sol­i­da­tion and Break Down (pos­si­ble Phase 4) giv­ing D1-C‑S 15732.18 trad­ing at D1 50MA although cur­rent­ly trad­ing below

Sen­ti­ment sum­ma­ry — Slight­ly Bearish

  • W1 showed a slow­down in price mov­ing high­er then closed as a Bear Engul with price cur­rent­ly trad­ing with­in W1 Demand and still above VWAP.\
  • Pos­si­ble D1 Phase 4 with no arrival at D1 LKC in UT (yet)
  • Although there is some sell-off in the mar­ket, equi­ties being equi­ties there is still an upward bias.

Addi­tion­al notes

  • June 21st
    • ECB’s Pres­i­dent Lagarde speech
  • June 23rd
    • ECB’s Schn­abel speech
    • ECB’s De Guin­dos speech
    • EUR — Mark­it PMI Composite
    • GBP — Mark­it Ser­vices PMI
    • USD — EIA Crude Oil Stocks Change
    • USD — Fed’s Bow­man speech
    • USD — Mark­it Man­u­fac­tur­ing PMI
  • June 24th
    • ECB’s Pres­i­dent Lagarde speech
    • EUR — Euro­pean Coun­cil Meeting
    • GBP — BoE Inter­est Rate Decision
    • USD — Ini­tial Job­less Claims
    • EUR — ECB’s Schn­abel speech
  • June 25th
    • EUR — Euro­pean Coun­cil Meeting

ZOIs for Pos­si­ble Shorts

  • D1-C‑S 15732.18
  • W1-C‑S 15677.71

ZOIs for Pos­si­ble Long

  • W1-C‑D 15401.45
  • D1-C‑D 15127.39
  • MN-C‑D 13694

Focus Points for trad­ing development

  • Month­ly Goals
    • No momen­tum trades on Non-Farm Fridays
    • Total of 13 trades by the end of the month
  • Week­ly Goal
    • Week­ly Focus Points
    • Min. 3 times work­ing out at home + manda­to­ry cardio
    • Trad­ing rules
    • Focus on tak­ing ONE trade a day. If I missed the first DTTZ then a trade needs to be tak­en on the 2nd DTTZ unless there is a high/medium ini­tia­tive activ­i­ty day.
    • Only price-action based exit rules (or if hit time stop comes earlier)
    • M15/M30 entries and exits at 1st DTTZ, M5 entries and exits at 2nd DTTZ
    • Buffer trades (prof­it tar­get >1R) are allowed and encouraged
    • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
    • No social media / mes­sen­ger apps / phone calls allowed dur­ing the trad­ing window
  • Risk Man­age­ment
    • With­out forc­ing a trade: aim to take 1 trade a day, if pos­si­ble 2. 
    • Cap­i­tal Preser­va­tion dur­ing draw­down allows for 1R profit-taking
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING


Day trader. Tech geek. Sim Racing Enthusiast.

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