DAX 2022 Week 25 Trading Plan

19 Jun DAX 2022 Week 25 Trading Plan

#Fin­twit #DAX #DE30Cash #Mar­ket­Pro­file #Order­flow

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 — Bullish

• Weird Inside Bar clos­ing above pre­vi­ous body 
• Price failed to close above VWAP
• Price test­ed and reject­ed MN QLo, price trad­ing mid swing
• Con­jec­ture: A weird can­dle close although bull­ish did not close above VWAP. Price could start sell­ing off again although there was a fair­ly quick recov­ery from the test of MN QLo and price is near QHi. Price indeed start­ed sell­ing off and is cur­rent­ly trad­ing below body and range although no close yet.

Week­ly — Bearish

• Fol­low-Through on W1 Evening Star at W1 VWAP in DT TC with last week clos­ing low­er with­in W1 QLo at W1 200MA
• Price trad­ing with­in W1-C‑D 13684.33
• Con­jec­ture: Price could see a pull­back from these lev­els due to trad­ing at QLo as well as 200MA. With MN demand 

Dai­ly — Bearish

• D1 Bull Engulf at W1 QLo with no continuation
• Instead anoth­er leg down giv­ing D1-C‑S 13340.18 Low in Dis­tr. Curve
• Price closed with­in D1 QLo 
• Trad­ing around round num­ber and above D1-C‑D 12898.82
• Con­jec­ture: Price trad­ing at D1 QLo as well as a round num­ber could see some reac­tion. If price starts test­ing D1-C‑S 13340.18 Low in Dist. Curve price could see a con­tin­u­a­tion high­er. If sup­ply gets tak­en out it can change the sentiment. 

Sen­ti­ment sum­ma­ry — Bearish

Addi­tion­al notes

• Black­swan event

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

• Twit­ter
• Insta­gram