DAX 2022 Week 27 Trading Plan

02 Jul DAX 2022 Week 27 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 — Bearish

• Price closed down form­ing a MN Sup­ply Base giv­ing MN-C‑S 13958.49 BASE but failed to close with­in MN-C‑D 12765.57
• Price reached for but did not quite test MN QLo again
• Con­jec­ture: With a big move down there could be some kind of retrace­ment from these levels. 

Week­ly — Bearish

• Price Closed down form­ing a lit­tle Sup­ply Base lev­el at W1 200MA but left a longer buy­ing wick
• Price trad­ing with­in wider W1 QLo and W1 demand
• Con­jec­ture: Price failed to close below pre­vi­ous body low, as well as W1 demand still being intact, price could start react­ing here. If price can close 

Dai­ly — Bullish

• Pos­si­ble D1 Phase 1 / 3
• Price took out D1 Bull Engulf and closed with­in D1-C‑S 12900
• D1 Bull­ish Inside Bar clos­ing above D1 demand although price is still trad­ing with­in D1 QLo
• Con­jec­ture: Price could see a con­tin­u­a­tion here and form a rever­sal if price can pull through on the Bull­ish Inside Bar (although might just be some prof­it-tak­ing) but price needs to close above D1 QLo and clear sup­plies so there could be some Phase 1 con­tin­ued first. If price clos­es deep­er with­in demand (or take out) it could negate the the­sis or pos­si­ble extend the Phase 1. 

Sen­ti­ment sum­ma­ry — Bearish

Addi­tion­al notes

• Black­swan event

Focus Points for trad­ing development

• Month­ly Goals
  • 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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