DAX 2021 Week 28 Trading Plan - Bear Market Trader
day trade, day trading, trade plan, trading plan, DAX, DE30, DE20Cash, traderlifestyle, daytraderlife, weekly trading plan,

DAX 2021 Week 28 Trading Plan

DAX 2021 Week 28 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 — Bullish

  • Closed high­er mak­ing a HH with equal-long wicks
  • Price trad­ing above last month’s body but with­in range

Week­ly — Bullish

  • W1 Bull­ish Inside Bar with con­tin­u­a­tion high­er with last week hav­ing formed a Bull­ish Ham­mer react­ing off W1 demand clos­ing slight­ly with­in W1-C‑S 15677.71

Dai­ly — Neutral

  • Pos­si­ble D1 Phase 1 / 3
  • Price closed below D1 QHi and D1 50MA in UT tak­ing out D1 demand then retraced after react­ing off W1-C‑D 15401.45 and closed well with­in new­ly formed sup­ply and D1 QHi

Sen­ti­ment sum­ma­ry — Bullish

  • MN is trad­ing above last month’s body but has not bro­ken the range (yet)
  • W1 closed high­er with a long buy­ing wick but W1 Sup­ply is still intact. 
  • D1 has not shown a clear-cut direc­tion although a D1 demand was tak­en out and D1 QHi has been reject­ed a few times only to close with­in again. Increase in days exceed­ing ADR could be a sign of a move com­ing up.

Addi­tion­al notes

  • Jul 11, 20:10, EUR, ECB’s Pres­i­dent Lagarde speech
  • Jul 15, 00:00, USD, Fed’s Chair Pow­ell testifies

ZOIs for Pos­si­ble Shorts

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

ZOIs for Pos­si­ble Long

  • 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
WP Twitter Auto Publish Powered By : XYZScripts.com
Would love your thoughts, please comment.x