DAX 2022 Week 16 Trading Plan - Bear Market Trader
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DAX 2022 Week 16 Trading Plan

DAX 2022 Week 16 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. 

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Month­ly — Bearish

  • 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 and break down giv­ing W1-C‑S 14351.53
  • Last week closed low­er with­in pre­vi­ous range after hav­ing made a LL
  • W1 QLo rejection

Dai­ly — Bullish

  • Weak D1 Bull Engulf reject­ing D1 QLo with weak follow-through
  • Price still fol­low­ing D1 50MA

Sen­ti­ment sum­ma­ry — Bearish

  • MN pos­si­bly devel­op­ing a DBD although no close yet. Also, trad­ing with­in long buy­ing wick could see buy­ers come in.
  • Even though W1 broke and closed low­er, the long buy­ing wick sug­gests buy­ers are still around. Price did still close low­er though and no rever­sal pat­tern (yet).
  • Tech­ni­cal­ly D1 reject­ed QLo although very weak­ly. Usu­al­ly with a D1 swing extreme rejec­tion price fol­low-through with a pos­si­ble uni­di­rec­tion­al day. This has not hap­pened (yet) although there could be a base and fol­low-through would be a RBR. More infor­ma­tion is needed.

Addi­tion­al notes

  • Black­swan event
  • East­er Mon­day 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


Day trader. Tech geek. Sim Racing Enthusiast.

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