DAX 2021 Week 24 Trading Plan

12 Jun DAX 2021 Week 24 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, 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 Bull Engulf giv­ing MN-C‑D 13694 and price made a an all-time high

Week­ly — Slight­ly Bullish

• W1 Bull Engulf above W1-C‑D 15399.13 although demand has been test­ed mul­ti­ple times, with con­tin­u­a­tion high­er through a Bull­ish Hammer

Dai­ly — Slight­ly Bullish

• D1 Bear Engulf giv­ing D1-C‑S 15677.92 with slight con­tin­u­a­tion low­er before form­ing a Morn­ing star giv­ing D1-C‑D 15591 before clos­ing with­in D1-C‑S 15677.92 almost tak­ing it out.

Sen­ti­ment sum­ma­ry — Slight­ly Bullish

• Price made an all-time high clos­ing above last month’s range although month­ly bar still has 2 weeks
• W1 Cre­at­ed demand and trad­ed high­er with no rever­sal sign yet
• Some sell off on D1 with no con­tin­u­a­tion. Instead a con­fi­dent close high­er with­in D1 Supply.

Addi­tion­al notes

• June 15th
  • Ger­many CPI
• June 17th, Fed Inter­est rates, EU CPI

ZOIs for Pos­si­ble Shorts

• D1-C‑S 15677.92

ZOIs for Pos­si­ble Long

• D1-C‑D 15591
• D1-C‑D 15472
• W1-C‑D 15399.13

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
  • Min. 3 times work­ing out at home + manda­to­ry cardio
• 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

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