DAX 2022 Week 15 Trading Plan

11 Apr DAX 2022 Week 15 Trading Plan

#Fin­twit #DAX #DE30Cash #Order­flow #day­trad­ing #day­trade #forex #FX #trade­plan #trad­ing­plan #trad­ing­forex #trad­inglifestyle #day­trader­life #index #indices

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, 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. 

Month­ly — Neutral

• Last month made a LL but closed as an Inside Bar with very long buy­ing wick react­ing off MN QLo and MN-C‑D 12765.57
• Price trad­ing below last month’s body but with­in range

Week­ly — Bearish

• W1 con­sol­i­da­tion with W1 Bear Engulf break down giv­ing W1-C‑S 14351.53 although with slight­ly longer buy­ing wick
• W1 QHi reject­ed and price is trad­ing mid swing

Dai­ly — Bearish

• D1 Phase 3 to pos­si­ble tran­si­tion to Phase 4
• Price broke down from D1 VWAP trad­ing at D1 50MA, pos­si­ble TC
• D1 QHi reject­ed with price trad­ing mid swing

Sen­ti­ment sum­ma­ry — Bearish

• MN is pos­si­ble devel­op­ing a MN DBD although with trad­ing into a long buy­ing wick some push­back is expected.
• Even though W1 broke down through a Bear Engulf it wasn’t the strongest. 
• D1 closed below range and has reject­ed D1 QHi

Addi­tion­al notes

• Black­swan event
• April 14th, met­als and indices mar­ket closed

Focus Points for trad­ing development

• Month­ly Goals
  • No momen­tum trades on Non-Farm Fridays
  • No ear­ly exits, either hit SL or target
  • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
• Risk Man­age­ment
  • 2 con­sec­u­tive days of lack of sleep = NO TRADING

• Twit­ter
• Insta­gram