Bear Market Trader | Weekly trading Plan WTI Crude Oil
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WTI Crude 2021 Week 27 Trading Plan

WTI Crude 2021 Week 27 Trading Plan

#Fin­twit #Order­flow #day­trad­ing #day­trade #forex #FX #trade­plan #trad­ing­plan #trad­ing­forex #trad­inglifestyle #day­trader­life #oil #crude #WTI #USoil

This is my week­ly out­look on WTI Crude Oil. 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. 

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Month­ly — Bullish

  • Last month closed high­er almost tak­ing out supply
  • MN Sup­ply (from pre-covid) tak­en out

Week­ly — Bullish

  • W1 Sup­ply tak­en out
  • W1 Phase 2

Dai­ly — Bullish

  • D1 hav­ing cre­at­ed new demands in line with D1 VWAP in UT with arrival at old D1 Supply

Sen­ti­ment sum­ma­ry — Bullish

  • MN sup­ply from pre­covid tak­en out
  • W1 Sup­ply tak­en out, pos­si­ble next tar­get W1-C‑S 93.521
  • Due to the bull­ish sen­ti­ment the expectan­cy is for old D1 sup­ply to get tak­en out as well

Addi­tion­al notes

  • Jul 05, 16:00 EUR Mark­it PMI Composite
  • Jul 06, 21:45 USD Mark­it PMI Composite
  • Jul 06, 22:00 USD ISM Ser­vices PMI
  • Jul 07, 22:00 CAD Ivey Pur­chas­ing Man­agers Index
  • Jul 07, 23:00 USD Fed Mon­e­tary Pol­i­cy Report
  • Jul 08, 02:00 USD FOMC Minutes
  • Jul 08, 20:30 USD Ini­tial Job­less Claims
  • Jul 08, 22:30 USD EIA Crude Oil Stocks Change (THURSDAY)
  • Jul 09, 20:30 CAD Unem­ploy­ment Rate

ZOIs for Pos­si­ble Shorts

  • W1-C‑S 93.521
  • D1-C‑S 76.651

ZOIs for Pos­si­ble Long

  • D1-C‑D 75.155
  • D1-C‑D 73.447
  • D1-C‑D 71.203
  • MN-C‑D 62.343

Focus Points for trad­ing development

  • Month­ly Goals
    • No momen­tum trades on Non-Farm Fridays
    • Total of 13 trades by the end of the month
  • Week­ly Goal
    • Week­ly Focus Points
    • Min. 3 times work­ing out at home + manda­to­ry cardio
    • Trad­ing rules
    • Focus on tak­ing ONE trade a day. If I missed the first DTTZ then a trade needs to be tak­en on the 2nd DTTZ unless there is a high/medium ini­tia­tive activ­i­ty day.
    • Only price-action based exit rules (or if hit time stop comes earlier)
    • M15/M30 entries and exits at 1st DTTZ, M5 entries and exits at 2nd DTTZ
    • Buffer trades (prof­it tar­get >1R) are allowed and encouraged
    • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
    • No social media / mes­sen­ger apps / phone calls allowed dur­ing the trad­ing window
  • Risk Man­age­ment
    • With­out forc­ing a trade: aim to take 1 trade a day, if pos­si­ble 2. 
    • Cap­i­tal Preser­va­tion dur­ing draw­down allows for 1R profit-taking
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING


Day trader. Tech geek. Sim Racing Enthusiast.

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