DAX 2021 Week 42 Trading Plan - Bear Market Trader
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DAX 2021 Week 42 Trading Plan

DAX 2021 Week 42 Trading Plan

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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 — Bearish

  • MN Bear­ish Engulf­ing formed giv­ing MN-C‑S 15561.74
  • Price made a LL and retraced to new­ly formed MN C‑Sup

Week­ly — Bullish

  • Price almost took out pre­vi­ous W1 demand but react­ed (coin­cid­ing with W1 50MA in UT) and closed as a W1 Bull Engulf giv­ing W1-C‑D 15290.73
  • Price retraced to a W1 Base Sup­ply lev­el that coin­cides with MN C‑sup

Dai­ly — Bearish

  • D1 Three Out­side Down formed giv­ing D1-C‑S 15588.27

Sen­ti­ment sum­ma­ry — Bearish

  • MN price remains bear­ish until this month can close with­in new­ly formed supply
  • W1 formed a Bull Engulf retrac­ing to a sup­ply base lev­el indi­cat­ing a pos­si­bil­i­ty for a con­tin­u­a­tion to orig­i­nat­ing lev­el at W1-C‑S 15828.23
  • D1 Phase 2 hit­ting new­ly formed MN C‑sup and react­ing could see a fol­low-through first test­ing new­ly formed W1-C‑D 15290.73. Upward bias in equi­ties sug­gests a change in sen­ti­ment could be in the cards but needs price to confirm. 

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts

  • W1-C‑S 15828.23
  • D1-C‑S 15694.72
  • D1-C‑S 15588.27
  • MN-C‑S 15561.74

ZOIs for Pos­si­ble Long

  • W1-C‑D 15290.73
  • D1-C‑D 15125.75

Focus Points for trad­ing development

  • Month­ly Goals
    • No momen­tum trades on Non-Farm Fridays
    • Total of 20 trades by the end of the month, prefer­ably 2 a day (not in the same prod­uct at the same time) 
  • Week­ly Goal
    • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
    • ‘Bust or Tar­get’: No ear­ly exits, either hit SL or 2R target
  • Risk Man­age­ment
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING


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