DAX 2021 Week 52 Trading Plan - Bear Market Trader
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DAX 2021 Week 52 Trading Plan

DAX 2021 Week 52 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

  • An all-time high was made and then the month closed as a MN DBD giv­ing MN-C‑S 15241 with longer sell­ing wick
  • Price probed above last month’s body and is now trad­ing at the low­er half of the body

Week­ly — Bearish

  • No con­tin­u­a­tion to the W1 Bull Engulf. Instead a Bear­ish Inside Bar pos­si­bly set­ting up for a Three Inside Down. Although price has not closed below the new­ly formed W1 Bull Engulf W1-C‑D 15322

Dai­ly — Bearish

  • D1 Three Out­side Down at D1 QHi with price trad­ing mid swing
  • Pos­si­ble D1 Phase 4

Sen­ti­ment sum­ma­ry — Bearish

  • MN probed above but is trad­ing low­er now. Month still has long to go before closing.
  • W1 Closed bull­ish but did not clear new­ly formed W1 demand as well as W1 50MA in UT (mul­ti­ple tests though)
  • D1 QHi reject­ed 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.

Addi­tion­al notes

  • Near­ing the hol­i­days there might not be much fol­low-through to moves

ZOIs for Pos­si­ble Shorts

  • D1-C‑S 15702.98
  • W1-C‑S 15367

ZOIs for Pos­si­ble Long

  • W1-C‑D 15322
  • D1-C‑D 15246.44
  • D1-C‑D 15127.24

Focus Points for trad­ing development

  • Month­ly Goals
    • No momen­tum trades on Non-Farm Fridays
    • Total of 15 trades by the end of the month, can take 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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