DAX 2022 Week 30 Trading Plan - Bear Market Trader
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DAX 2022 Week 30 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 MN QLo and made a LL and is see­ing some reac­tion. Price is trad­ing above MN demand and MN QLo. 
  • Con­jec­ture: With a big move down there could be some kind of retrace­ment from these lev­els. Fur­ther sup­port­ing fac­tors are trad­ing at MN demand and MN QLo. 

Week­ly — Bullish

  • Some con­sol­i­da­tion with longer buy­ing wicks react­ing off MN/W1 QLo and W1-C‑D 12482.32
  • Price broke high­er from con­sol­i­da­tion giv­ing W1-C‑D 12934.39 although leav­ing a sell­ing wick that returned and took out a W1 Base Sup­ply lev­el but closed below W1 200MA. 
  • Con­jec­ture: Price return­ing to the W1 Base Sup­ply lev­el indi­cates a poten­tial fur­ther move to the orig­i­nat­ing lev­el of W1-C‑S 14351.53. Price failed to close above W1 200MA and could see some reac­tion. There might also be some reac­tion at W1 VWAP in DT. 

Dai­ly — Bearish

  • D1 VWAP in DT BO
  • Price returned to D1-C‑S 13340.18, D1 QHi and D1 50MA in DT and is see­ing some reac­tion through D1 Inside Bar and a poten­tial base supply. 
  • Con­jec­ture: Even though price broke out from VWAP price is run­ning into sup­ply and could see a retrace­ment fur­ther indi­cat­ed by a poten­tial base being formed. Although if price breaks high­er and clos­es with­in Sup­ply there could be a con­tin­u­a­tion higher. 

Sen­ti­ment sum­ma­ry — Neutral

Addi­tion­al notes

  • Jul 28, USD, Fed Inter­est Rate Decision

Focus Points for trad­ing development

  • Month­ly Goals
    • Use SL scaling


Day trader. Tech geek. Sim Racing Enthusiast.

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