GBPNZD Week 12 Trading Plan - Bear Market Trader
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GBPNZD Week 12 Trading Plan

GBPNZD Week 12 Trading Plan

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This is my week­ly out­look on GBPNZD. 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, please 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 — Slight­ly Bullish

  • Slight con­tin­u­a­tion trad­ed high­er away from MN-C‑D 1.89719 although clos­ing with a sell­ing wick (buy­ing wick slight­ly longer) indi­cat­ing some sell­ers are still present
  • Price cur­rent­ly trad­ing above last month’s body close near­ing MN-C‑S 1.95078 BASE lev­el although no touch (yet)

Week­ly — Slight­ly Bullish

  • Last week closed as an Inside Bar (react­ing off W1 50MA in DT) that retraced to 50% mark although leav­ing behind a longer buy­ing wick. 

Dai­ly — Neutral

  • D1 Phase 1 / 3 
  • Price retraced and closed as a Bear­ish Inside Bar to new­ly formed D1-C‑D 1.93214 that was formed through Bull Engulf
  • Price flat around D1 200MA clos­ing above

Sen­ti­ment sum­ma­ry — Slight­ly Bullish

  • Due to larg­er time frame bull­ish sen­ti­ment we could see more upside. Although W1 has print­ed an Inside Bar it did print with a long buy­ing wick. The dai­ly is show­ing con­tra­dic­to­ry price action in line with Phase 1 or 3. This could also be due to price trad­ing around D1 200MA in R which is a sig­nif­i­cant lev­el due to the mul­ti­tude of eyes on it. Price has closed above after a rejec­tion much ear­li­er of W1 QLo and price is cur­rent­ly trad­ing with­in D1 QHi although D1 sup­ply is still intact. Unless price can take out D1 demand and close below D1 QHi price could set up for a bear­ish close on the Week­ly. Until such time the nod is still towards a bull­ish sentiment. 

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts

  • MN-C‑S 1.95078 BASE
  • W1-C‑S 1.95442
  • D1-C‑S 1.92964

ZOIs for Pos­si­ble Long

  • W1-C‑D 1.90000
  • MN-C‑D 1.89719

Focus Points for trad­ing development

  • Month­ly Goals
    • No momen­tum trades on Non-Farm Fridays
    • Con­tin­ue track­ing my DRC track­ing sheet
    • Focus on my own progress and less on others
    • Take a break from cer­tain com­po­nents of social media
    • Feel­ing okay with NOT trading
    • Have ‘qui­eter’ weekends
  • Week­ly Goal
    • Min. 3 times hit­ting the gym + manda­to­ry cardio
  • Trad­ing Rules
    • Trade from D and upwards unless a pos­si­ble momen­tum trade, val­ue accep­tance or otherwise. 
  • Risk Man­age­ment
    • 3 trades 1% risk, 3rd trade only if first 2 worked out
    • Cap­i­tal Preser­va­tion dur­ing draw­down allows for 1R profit-taking
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING


Day trader. Tech geek. Sim racer/Pilot.

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