DAX 2022 Week 9 Trading Plan

01 Mar DAX 2022 Week 9 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 — Bearish

• MN Closed as a MN Three Out­side Down giv­ing MN-D1-C‑S 15533.08 tak­ing out MN demand
• Price see­ing some reac­tion off of MN VWAP in UT leav­ing a slight buy­ing wick
• Price reject­ed mN QHi

Week­ly — Bearish

• Last week closed down (below over­all range) break­ing W1 demand but react­ed off W1-C‑D 13972.79 leav­ing a buy­ing wick
• W1 QHi reject­ed and arrived at W1 QLo
• No  rever­sal pat­tern (yet)

Dai­ly — Bullish

• D1 Bull Engulf giv­ing D1-C‑D 14500 after react­ing off D1 QLo and D1 demand clos­ing with­in D1 Speed­bump supply
• Pos­si­ble D1 Phase 1

Sen­ti­ment sum­ma­ry — Bearish

• MN broke demand and formed a Three Out­side Down nor­mal­ly rep­re­sent­ing momen­tum com­ing into the mar­ket although the 3rd can­dle is quite long so some buy­ing reac­tion might come in.
• W1 is trad­ing at W1 QLo and W1 demand and although some reac­tion no rever­sal pat­tern has formed (yet)
• D1 is show­ing pos­si­ble signs of a begin­ning rever­sal around these lev­els if price can break and close above the formation.

Addi­tion­al notes

• Fri­day: NFP
• Due to the con­flict in Rus­sia there might be more sell­ing pres­sure com­ing in

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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