DAX 2022 Week 37 Trading Plan - Bear Market Trader
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DAX 2022 Week 37 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 — Neutral

  • Price test­ed MN-C‑S 13955.80 BASE and closed down as a pos­si­ble consolidation.
  • Price failed to close with­in MN-C‑D 12767.98
  • Price trad­ing above MN QLo
  • Con­jec­ture: Even though price closed down it failed to close with­in the huge demand below coin­cid­ing with MN QLo. Price also test­ed a Base sup­ply lev­el and could there­fore see a con­tin­u­a­tion high­er. Devel­op­ing can­dle with­in the con­sol­i­da­tion could see a break­out move.

Week­ly — Bullish

  • W1 Bull Engulf react­ing off demand and MN QLo clos­ing above W1 QLo reject­ing W1 QLo giv­ing W1-MN-C‑D 12767.98
  • Con­jec­ture: Price closed above W1 QLo indi­cat­ing a rejec­tion and bull­ish bias. Price could see a retrace­ment to W1 QLo or new­ly formed W1 demand. If price reach­es W1 Sup­ply coin­cid­ing with W1 VWAP in DT it could see sell­ers com­ing in.

Dai­ly — Bullish

  • D1 RBR reject­ing D1 QLo clos­ing above D1 VWAP in DT
  • A lit­tle gap up over the week­end and price is trad­ing below D1-C‑S 13194.88
  • Con­jec­ture: Price closed con­fi­dent­ly above D1 VWAP in DT and D1 QLo is reject­ed. How­ev­er, price is trad­ing at a sup­ply as well as hav­ing formed a small gap up it could see a retrace­ment fill­ing the gap before mov­ing high­er. There is no close with­in D1 Sup­ply yet and price could see a reaction.

Sen­ti­ment sum­ma­ry — Bullish

Addi­tion­al notes

  • N.A.

Focus Points for trad­ing development

  • Month­ly Goals
    • Use SL scaling


Day trader. Tech geek. Sim Racing Enthusiast.

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