
20 Dec DAX 2021 Week 52 Trading Plan
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This is my weekÂly outÂlook on DAX. The levÂels that I will be lookÂing at with a highÂer probÂaÂbilisÂtic chance the marÂket will start reactÂing. DurÂing the sesÂsion I then wait for the marÂket to hit those levÂels and either conÂfirm or reject my bias through price action conÂfirÂmaÂtion and order flow. I hope that makes sense. If not, please get in touch with me. I love to talk to peoÂple that are on the same path as me. So don’t be shy and reach out.

MonthÂly — Bearish
- An all-time high was made and then the month closed as a MN DBD givÂing MN-C‑S 15241 with longer sellÂing wick
- Price probed above last month’s body and is now tradÂing at the lowÂer half of the body
WeekÂly — Bearish
- No conÂtinÂuÂaÂtion to the W1 Bull Engulf. Instead a BearÂish Inside Bar posÂsiÂbly setÂting up for a Three Inside Down. Although price has not closed below the newÂly formed W1 Bull Engulf W1-C‑D 15322
DaiÂly — Bearish
- D1 Three OutÂside Down at D1 QHi with price tradÂing mid swing
- PosÂsiÂble D1 Phase 4
SenÂtiÂment sumÂmaÂry — Bearish
- MN probed above but is tradÂing lowÂer now. Month still has long to go before closing.
- W1 Closed bullÂish but did not clear newÂly formed W1 demand as well as W1 50MA in UT (mulÂtiÂple tests though)
- D1 QHi rejectÂed with no arrival at QLo and D1-C‑D 15127.24 at QLo still has some way to go albeit with W1 demand in the way.
AddiÂtionÂal notes
- NearÂing the holÂiÂdays there might not be much folÂlow-through to moves
ZOIs for PosÂsiÂble Shorts
- D1-C‑S 15702.98
- W1-C‑S 15367
ZOIs for PosÂsiÂble Long
- W1-C‑D 15322
- D1-C‑D 15246.44
- D1-C‑D 15127.24
Focus Points for tradÂing development
- MonthÂly Goals
- No momenÂtum trades on Non-Farm Fridays
- Total of 15 trades by the end of the month, can take 2 a day (not in the same prodÂuct at the same time)
- No earÂly exits, either hit SL or 2R target
- Use SL scalÂing in case the profÂit tarÂget for the setÂup doesn’t proÂvide 2R for examÂple for FA or VAA setups
- Process
- Keep trade review comÂments short
- Risk ManÂageÂment
- 2 conÂsecÂuÂtive days of lack of sleep = NO TRADING