Bear Market Trader | Weekly trading Plan GBPNZD
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GBPNZD Week 16 Trading Plan

GBPNZD Week 16 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

  • MN-C‑S 1.97316 reac­tive retrac­ing more than 50% of last month’s candle
  • Mid MN swing

Week­ly — Slight­ly Bearish

  • Fol­low-through to W1 Three Out­side Down to W1 QLo that proved reac­tive clos­ing last week with a longer buy­ing wick
  • Near-touch of W1 QLo

Dai­ly — Slight­ly Bullish

  • D1 VWAP BD CAR to D1 LKC in UT CAS (coin­cid­ing with a D1 50MA in UT BD and cur­rent­ly trad­ing around D1 200MA in R)
  • D1 Bull Engulf at D1 LKC in UT CAS, D1/W1 QLo giv­ing D1-C‑D 1.92921 after tak­ing out D1 and W1 demand
  • Near-touch of D1 QLo

Sen­ti­ment sum­ma­ry — Neu­tral to Slight­ly Bullish

  • Due to the longer buy­ing wick on the week­ly and D1 hav­ing print­ed a bull engulf above W1/D1 QLo there could be more buy­ers com­ing in. Although due to no rever­sal pat­tern on W1 (and D1/W1 demand being tak­en out) price could see more sell­ing pres­sure com­ing in first. Even though last month closed near its high it has since retraced almost back to its low.

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts

  • D1-C‑S 1.94900

ZOIs for Pos­si­ble Long

  • D1-C‑D 1.92921

Focus Points for trad­ing development

  • Month­ly Goals
    • No momen­tum trades on Non-Farm Fridays
    • Feel­ing okay with NOT trading
    • Have ‘qui­eter’ weekends
  • Week­ly Goal
    • Min. 3 times hit­ting the gym + manda­to­ry cardio
    • Only trade the main account
    • Be mind­ful of DTTZs
    • Only price-action based exit rules (or hit time stop)
    • M15/M30 com­bi­na­tion at 1st DTTZ, M5 entries and exits at 2nd DTTZ
  • 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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