DAX 2022 Week 8 Trading Plan

21 Feb DAX 2022 Week 8 Trading Plan

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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

• Last month closed as an Inside Bar after hav­ing extend­ed to both sides the range of the pre­ced­ing month
• Even though Inside Bar closed down it closed with a longer buy­ing wick
• Range has not been bro­ken (yet)
• Pos­si­ble Phase 1 / 3
• Pos­si­ble devel­op­ing MN Three Out­side Down
  • One week of trad­ing left

Week­ly — Bearish

• Sell­ing wicks around
• Last week closed as a W1 DBD 15182.33 almost tak­ing out W1 demand

Dai­ly — Bearish

• Price test­ed D1 C‑sup and devel­op­ing MN C‑sup and formed a D1 Evening Star
• Price con­tin­ued to close low­er with­in D1/W1 demand
• Price gapped down over the weekend

Sen­ti­ment sum­ma­ry — Bearish

• MN is pos­si­bly devel­op­ing a MN Three Out­side Down although no close yet
• W1 DBD formed clos­ing deep­er with­in W! Demand and test­ed W1 LKC in UT (2nd time) but W1 demand still intact, no rever­sal pat­tern (yet)
• D1 closed with­in D1 demand and gapped down over the week­end (gap has been filled dur­ing Mon­day Asia ses­sion, no rever­sal pat­tern (yet)

Addi­tion­al notes

• N.A.

Focus Points for trad­ing development

• Month­ly Goals
  • No momen­tum trades on Non-Farm Fridays
  • No ear­ly exits, either hit SL or target
  • 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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