29 Oct DAX 2022 Week 44 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 — Bearish

• MN con­sol­i­da­tion at MN demand, MN QLo with break down giv­ing MN-C‑S 12787.40
• Price closed near its low with­in Wide MN demand, with­in Wide MN QLo
• Price made a LL and is cur­rent­ly trad­ing above Body, with­in range although test­ing new­ly formed MN sup­ply (which is low in dist. curve)
• Con­jec­ture: Even though price closed break­ing down from MN Con­sol­i­da­tion price still has to deal with wide MN demand, Wide MN QLO and start­ed reacting
• Wide MN QLo could indi­cat­ed a fur­ther con­tin­u­a­tion lower
• Price test­ing new­ly formed Sup­ply could negate a Bear­ish the­sis but one day left in the month

Week­ly — Bullish

• Price closed high­er above W1 VWAP in DT at its high right at W1 200MA
• Price is still trad­ing with­in MN/W1 Supply
• Price reject­ed MN/W1 QLo
• Con­jec­ture: Price closed on its high but stopped at W1 200MA and could see som sell­ing com­ing in. Fur­ther sell­ing pres­sure could be from trad­ing with­in W1/MN Sup­ply although the sup­plies are LiDC and could get tak­en out.

Dai­ly — Bullish

• Pos­si­ble D1 Phase 2
• D1 RBR formed clos­ing on its high with­in D1 Sup­ply, D1 QHi
• Price trad­ing above D1 UKC
• Con­jec­ture: Price trad­ing above D1 UKC could have momen­tum behind it. A test of new­ly formed base could negate the bull­ish thesis.
• D1 200MA not far above could also see sell­ers com­ing in.
• If price takes out D1 Sup­ply and Swing high there is still a W1 Sup­ply above and could see sell­ers com­ing in.

Sen­ti­ment sum­ma­ry — Bullish

Addi­tion­al notes

• N.A.

Focus Points for trad­ing development

• Month­ly Goals
  • Use SL scaling

• Twit­ter
• Insta­gram