DAX 2021 Week 36 Trading Plan - Bear Market Trader
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DAX 2021 Week 36 Trading Plan

DAX 2021 Week 36 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 — Bullish

  • Last month closed high­er form­ing a Bull Engulf (RBR) giv­ing MN-C‑D 15585.83 hav­ing made an all-time high

Week­ly — Neutral

  • Price trad­ed high­er from W1-C‑D 15394.53 (coin­cid­ing with W1 VWAP in UT TC although with not much fol­low-through. Instead some sup­ply was formed giv­ing W1-C‑S 15830.15 but price has not closed with­in a sig­nif­i­cant demand (yet)

Dai­ly — Neutral

  • Pos­si­ble D1 Phase 3 although due to the nature of equi­ties pos­si­bly a reac­cu­mu­la­tion instead.
  • Price test­ed D1 demand, locat­ed right beneath W1 sup­ply, mul­ti­ple times

Sen­ti­ment sum­ma­ry — Bullish

  • MN closed high­er indi­cat­ing bulls are still present and after an all-time high was formed there was a slight pull­back but noth­ing sig­nif­i­cant as of yet.
  • Even though W1 is look­ing to poten­tial­ly take a breather there has been no attempt to close with­in a sig­nif­i­cant demand and price is trad­ing above W1 VWAP in UT. 
  • D1 is show­ing signs of a pos­si­ble Phase 1 / 3, pos­si­bly some prof­it-tak­ing / repositioning

Addi­tion­al notes

  • Sep 09, 19:45, EUR, ECB Inter­est Rate Decision

ZOIs for Pos­si­ble Shorts

  • D1-C‑S 15966.51
  • W1-C‑S 15830.15

ZOIs for Pos­si­ble Long

  • MN-C‑D 15585.83
  • W1-C‑D 15394.53

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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