DAX 2022 Week 51 Trading Plan - Bear Market Trader
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DAX 2022 Week 51 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 but start­ed react­ing and is now trad­ing below MN Sup­ply, below MN VWAP
  • Con­jec­ture: Price clos­ing deep with­in MN Sup­ply almost tak­ing out Sup­ply indi­cates a pos­si­ble con­tin­u­a­tion higher
  • Reac­tion at MN VWAP could see a continuation
  • Price hav­ing made a big move up could see some retracement

Week­ly — Bearish

  • W1 Bear Engulf sup­ply got tak­en out but then price closed low­er below body, out­side range, reject­ing Wide W1 QHi, leav­ing a longer sell­ing wick
  • Con­jec­ture: Price failed to close below W1 50MA and could see some buy­ers come in
  • Price clos­ing below Wide W1 QHi could see a con­tin­u­a­tion lower
  • W1-C‑D 13426.39 Speed­bump at W1 200MA could see buy­ers come in

Dai­ly —  Bearish

  • Huge D1 Three Inside Down clos­ing at Wide W1/D1 QHi (from with­in), clos­ing below range, with some con­tin­u­a­tion in price hav­ing formed a D1 Hammer
  • Price trad­ing at D1 50MA in UT
  • Con­jec­ture:  A D1 Ham­mer sug­gests a pos­si­ble con­tin­u­a­tion lower
  • Price trad­ing at D1 50MA in UT could see buy­ers com­ing in
  • D1-C‑D 13669.64 Base at D1 LKC in UT could see buy­ers come in

Sen­ti­ment sum­ma­ry — Bearish

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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