DAX 2022 Week 49 Trading Plan - Bear Market Trader
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DAX 2022 Week 49 Trading Plan

#Fin­twit #DAX #DE30Cash #Mar­ket­Pro­file #Order­flow #Trad­ing­Plan

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.

Month­ly — Bullish

  • Price fol­lowed-through on the MN Bull Engulf (reject­ing MN QLo) and closed high­er with­in MN Sup­ply Base almost tak­ing it out
  • Price closed slight­ly above MN VWAP
  • Con­jec­ture: Price clos­ing deep with­in MN Sup­ply almost tak­ing out Sup­ply indi­cates a pos­si­ble con­tin­u­a­tion higher
  • Price trad­ing at MN VWAP could see sell­ers come in

Week­ly — Bullish

  • Price closed yet again slight­ly high­er with­in W1-C‑S 14350.66, wide W1 QHi
  • Con­jec­ture: Price clos­ing deep­er with­in W1 Sup­ply and Wide W1 QHi could see a continuation.
  • If price pops W1 Sup­ply and W1 QHi at W1 Sup­ply End 14926.63 (coin­cid­ing with W1 UKC in DT as well as the Round No. 15000) it could see sell­ers com­ing in although MN QHI is not far above
  • A nega­tion of bull­ish the­sis would be a close below W1 Supply

Dai­ly — Bullish

  • Pos­si­ble D1 Phase 1 / 3 with­in Wide W1/D1 QHi 
  • Price reac­tive above D1 VWAP in UT giv­ing D1-C‑D 14394.30 and price closed with­in con­sol­i­da­tion as a Bull­ish Inside Bar with longer buy­ing wick
  • Con­jec­ture: Price failed to close with­in D1 Sup­ply and could be reac­tive and see sell­ers come in
  • D1 demand at D1 VWAP in UT was formed through a momen­tum for­ma­tion and a retrace­ment to its demand is not the strongest sign.

Sen­ti­ment sum­ma­ry — Bullish

Addi­tion­al notes

  • N.A.

Focus Points for trad­ing development

  • Month­ly Goals 
    • Use SL scaling
    • 1st DTTZ Gold
    • 2nd DTTZ DAX


Day trader. Tech geek. Sim Racing Enthusiast.

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