DAX 2021 Week 26 Trading Plan - Bear Market Trader
day trade, day trading, trade plan, trading plan, DAX, DE30, DE20Cash, traderlifestyle, daytraderlife, weekly trading plan,

DAX 2021 Week 26 Trading Plan

DAX 2021 Week 26 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. 

Click to Enlarge

Month­ly — Slight­ly Bullish

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

Week­ly — Slight­ly Bullish

  • W1 Bear Engulf giv­ing W1-C‑S 15677.71 fol­lowed by last week form­ing a W1 Bull­ish Inside Bar with slight reac­tion off new­ly formed W1 Sup­ply after react­ing off W1-C‑D 15401.45. Price failed to close with­in the new­ly formed Supply.

Dai­ly — Neutral

  • D1 Three Inside Down at W1 Sup­ply giv­ing D1-C‑S 15628.40 with no con­tin­u­a­tion, instead a D1 Bull­ish Inside Bar (giv­ing D1-C‑D 15606.96) with slight con­tin­u­a­tion clos­ing above demand in the form of a Drag­on­fly Doji. 
  • No close with­in the new­ly formed supply.
  • Pos­si­ble D1 Phase 1 / 3
  • Price reject­ed D1 QHi, bounc­ing twice off D1 50MA in UT, but is trad­ing with­in QHi again.

Sen­ti­ment sum­ma­ry — Slight­ly Bullish

  • Price made an all-time high and is cur­rent­ly trad­ing above last month’s body at the top of the range
  • W1 saw a lit­tle sell off but failed to close with­in W1 demand, instead con­tin­ued high­er through a W1 Bull­ish Inside Bar not clos­ing with­in W1 Supply. 
  • D1 has some con­tra­dict­ing moves and has not clear­ly tak­en a direc­tion although new demand is formed above a pre­vi­ous demand test­ing new­ly formed supply. 

Addi­tion­al notes

  • Jun 28, 21:00 USD Fed’s Williams speech
  • Jun 29, 01:10 USD Fed’s Quar­les speech
  • Jun 29, 20:00 EUR Con­sumer Price Index (YoY)
  • Jun 30, 15:55 EUR Unem­ploy­ment Change
  • Jun 30, 17:00 EUR Con­sumer Price Index (YoY)
  • Jun 30, 19:00 GBP BoE’s Hal­dane speech
  • Jun 30, 22:30 USD EIA Crude Oil Stocks Change
  • Jul 01, 16:00 EUR Mark­it Man­u­fac­tur­ing PMI
  • Jul 01, 17:00 EUR Unem­ploy­ment Rate
  • Jul 01, 20:30 USD Ini­tial Job­less Claims
  • Jul 01, 21:45 USD Mark­it Man­u­fac­tur­ing PMI
  • Jul 02, 03:00 GBP BoE’s Gov­er­nor Bai­ley speech
  • Jul 02, 20:30 USD Non­farm Payrolls

ZOIs for Pos­si­ble Shorts

  • W1-C‑S 15677.71
  • D1-C‑S 15628.40

ZOIs for Pos­si­ble Long

  • D1-C‑D 15606.96
  • W1-C‑D 15401.45

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.

0 0 votes
Article Rating
Notify of

Inline Feedbacks
View all comments
Would love your thoughts, please comment.x