DAX 2021 Week 46 Trading Plan - Bear Market Trader
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DAX 2021 Week 46 Trading Plan

DAX 2021 Week 46 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 — Bullish

  • MN Bear Engulf with no con­tin­u­a­tion. Instead a Bull­ish Inside Bar clos­ing with­in new­ly formed MN Supply
  • Con­tin­u­a­tion to last month’s bull­ish inside bar tak­ing out MN sup­ply and price made an all-time high
  • Pos­si­ble devel­op­ing MN Three Out­side Up

Week­ly — Bullish

  • W1 Bull Engulf with con­tin­u­a­tion through RBR giv­ing W1-C‑D 15590.83 BASE
  • Price took out W1 Sup­ply and close slight­ly above pre­vi­ous high (W1 Sup­ply End)
  • Last week closed slight­ly above after mak­ing a HH

Dai­ly — Bullish

  • D1 Bull Engulf giv­ing D1-C‑D 16013.04 clos­ing above the pre­vi­ous range high to a Neu­tral Inside Bar on Friday

Sen­ti­ment sum­ma­ry — Bullish

  • Pos­si­ble Devel­op­ing MN Three Out­side Up at All-time high
  • W1 price slowed down sig­nif­i­cant­ly but still closed high­er after hav­ing tak­en out larg­er time­frame sup­ply the pre­vi­ous week. No rever­sal pat­tern (yet). 
  • Some pos­si­ble prof­it-tak­ing on D1 but man­aged to form new demand. So unless price forms a rever­sal pat­tern, the pre­vail­ing trend up is still intact.

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts

  • N.A.

ZOIs for Pos­si­ble Long

  • D1-C‑D 16013.04
  • D1-C‑D 15697.65

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


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