DAX 2022 Week 26 Trading Plan - Bear Market Trader
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DAX 2022 Week 26 Trading Plan

DAX 2022 Week 26 Trading Plan

#Fin­twit #DAX #DE30Cash #Mar­ket­Pro­file #Order­flow

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 — Bullish

  • Weird Inside Bar clos­ing above pre­vi­ous body 
  • Price failed to close above VWAP
  • Price test­ed and reject­ed MN QLo, price trad­ing mid swing
  • Con­jec­ture: A weird can­dle close although bull­ish did not close above VWAP. Price could start sell­ing off again although there was a fair­ly quick recov­ery from the test of MN QLo and price is near QHi. Price indeed start­ed sell­ing off and is cur­rent­ly trad­ing below body and range. 

Week­ly — Bearish

  • Price made a LL and closed as a Long-Legged Doji (slight­ly longer buy­ing wick)
  • Price closed above W1 200MA but with­in W1 QLo with­in W1 demand
  • Con­jec­ture: Tech­ni­cal­ly price could con­tin­ue and close fur­ther down although due to trad­ing at these lev­els price could form a Morn­ing Star. 

Dai­ly — Bullish

  • Price already test­ed D1 Sup­ply Low in Dis­tri­b­u­tion Curve then trad­ed lower
  • D1 Bull Engulf react­ing off D1-C‑D 12900 (near round num­ber) reject­ing D1 QLo giv­ing D1-C‑D 13091.08
  • Con­jec­ture: D1 Bull Engulf reject­ing D1 QLo indi­cat­ing a pos­si­ble shift in sen­ti­ment. Price still needs to take out D1 Sup­ply Low in Dist. Curve but that is already tested.

Sen­ti­ment sum­ma­ry — Neutral

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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