DAX 2022 Week 18 Trading Plan - Bear Market Trader
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DAX 2022 Week 18 Trading Plan

DAX 2022 Week 18 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

  • MN-C‑S 14329.95 DBD, if price retraces to new­ly formed Sup­ply price could see a con­tin­u­a­tion high­er negat­ing the bear­ish sentiment
  • MN QLo tested

Week­ly — Bearish

  • Price closed down but with longer buy­ing wick test­ing W1-C‑D 13678.69 Three Out­side Up could see con­tin­u­a­tion down
  • For a Bull­ish The­sis price would have to close with­in or bet­ter yet take out W1 Supply
  • W1 QLo rejected

Dai­ly — Bearish

  • D1-C‑D 13834.39 Three Out­side Up at D1 QLo with no con­tin­u­a­tion, instead a D1 Bear­ish Inside Bar with longer sell­ing wick (react­ing off D1 VWAP)
  • If price tests new­ly formed demand it could see a fur­ther con­tin­u­a­tion down

Sen­ti­ment sum­ma­ry — Bearish

  • Even though MN formed a DBD it failed to close con­fi­dent­ly bear­ish. A retrace­ment could negate a bear­ish sentiment.
  • W1 retraced to new­ly formed demand (cre­at­ed through Three Out­side Up) and could see con­tin­u­a­tion down although start­ed reacting.
  • D1 closed as a Bear­ish Inside Bar fol­low­ing a momen­tum pat­tern in the Three Out­side Up. No full retrace­ment to new­ly formed demand (yet) though.

Addi­tion­al notes

  • Black­swan event

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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