DAX 2022 Week 16 Trading Plan

16 Apr DAX 2022 Week 16 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, 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 — 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

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