DAX 2022 Week 10 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 reject­ed MN QHi, no arrival at MN QLo (yet)
  • MN-C‑D 12765.57 near MN QLo
• Price fol­low­ing through on momentum

Week­ly — Bearish

• W1 Phase 4 price closed at W1 200MA
• W1 QHi rejected
• W1 QLo at W1-C‑D 12585.63

Dai­ly — Bearish

• D1 Phase 4 arriv­ing and clos­ing at D1-C‑D 13123.77 near range low
• D1 QHi reject­ed with no arrival at D1 QLO (yet)

Sen­ti­ment sum­ma­ry — Bearish

• MN see­ing fol­low-through although com­ing close to MN demand and QLo which could have buy­ers come in
• W1 QHi reject­ed with no arrival at W1 QLo (yet), demand at QLO could see buy­ers com­ing in
• D1 arrived at D1 demand but the phase 4 impli­ca­tion could see the demand get tak­en out with also no arrival at QLo (yet)

Addi­tion­al notes

• N.A.

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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