DAX 2021 Week 44 Trading Plan - Bear Market Trader
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DAX 2021 Week 44 Trading Plan

DAX 2021 Week 44 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

  • MN Bear Engulf with no con­tin­u­a­tion. Instead a Bull­ish Inside Bar clos­ing with­in new­ly formed MN Supply

Week­ly — Bullish

  • W1 Bull Engulf with con­tin­u­a­tion through RBR giv­ing W1-C‑D 15590.83 BASE
  • Price closed slight­ly below W1-C‑S 15823.56

Dai­ly — Bullish

  • Test of D1-C‑D 15499.30 leav­ing a long buy­ing wick and clos­ing high­er giv­ing D1-C‑D 15697.65 just below D1 QHi
  • Price pro­ceed­ed to take out D1 sup­ply and is now trad­ing at W1 Supply

Sen­ti­ment sum­ma­ry — Bullish

  • MN clos­ing against a Bear Engulf form­ing a Bull­ish Inside Bar could be a strong bull­ish sign although sup­ply has not been tak­en out (yet) so expect the pos­si­bil­i­ty for sell­ers to step in.
  • W1 Base demand formed. If price retraces to the Base lev­el there might first be a move down to orig­i­nat­ing lev­el of W1-C‑D 15290.73
  • Pos­si­ble D1 Phase 2 clos­ing with­in D1 QHi arriv­ing at W1 sup­ply (above D1 UKC in DT). No reac­tion (yet).

Addi­tion­al notes

  • Nov 02, 18:20, EUR, ECB Elder­son Speech 
  • Nov 03, 17:15, EUR, ECB Pres­i­dent Lagarde Speech 
  • Nov 04, 02:00, USD, Fed Inter­est Rate Decision
  • Nov 05, 15:30, EUR, ECB De Guin­dos Speech 
  • Nov 05, 20:30, USD, Non Farm Pay­rolls (Oct)

ZOIs for Pos­si­ble Shorts

  • W1-C‑S 15828.23
  • MN-C‑S 15561.74

ZOIs for Pos­si­ble Long

  • W1-C‑D 15590.83 BASE
  • D1-C‑D 15499.30
  • W1-C‑D 15290.73

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) 
    • No ear­ly exits, either hit SL or 2R target
    • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
  • Process
    • Keep trade review com­ments short
  • Risk Man­age­ment
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING


Day trader. Tech geek. Sim Racing Enthusiast.

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