DE30 DAX Week 36 Trading Plan

31 Aug DE30 DAX Week 36 Trading Plan

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This is my week­ly out­look on DE30 oth­er­wise known as DAX. Basi­cal­ly the lev­els that I will be look­ing at where it has 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 mar­ket pro­file. 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.

Month­ly — Slight­ly Bullish

• After last month formed a doji, the devel­op­ing month is still trad­ing with­in MN-C‑S 12936.82
• Price trad­ing with­in last month’s range but today being the last day so will adjust plan tomor­row if needed.

Week­ly — Slight­ly Bullish

• W1-C‑S 13423.12 formed mid Feb­ru­ary, not test­ed yet
• HL made in end of July begin­ning of August cre­at­ing demand W1-C‑D 12675.52 with con­se­quent RBR W1-C‑D 12865.21 BASE cur­rent­ly trad­ing with­in sup­ply W1-C‑S 12781.52
• With­in W1 QHi

Dai­ly — Slight­ly Bullish

• Price arrived at D1-C‑S 13131.39 and formed a Bear Engulf
• No real fol­low-through on the move down, instead formed a sup­ply right under­neath with D1-C‑D 13084.69
• Trad­ing with­in D1 QHi

Mar­ket Pro­file — Neutral

• Brack­et­ing profiles

Sen­ti­ment sum­ma­ry — Neu­tral to slight­ly bearish

• Due to pro­files brack­et­ing and D1 being in a range for now the mar­ket is still bal­anc­ing. Due to the nature of equi­ties and larg­er time frame sen­ti­ment the over­all sen­ti­ment is still bullish. 

ZOIs for Pos­si­ble Shorts

• W1-C‑S 13423.12
• D1-C‑S 13131.39
• MN-C‑S 12936.82
• W1-C‑S 12781.52

ZOIs for Pos­si­ble Long

• D1-C‑D 13084.69
• W1-C‑D 12865.21 BASE
• W1-C‑D 12675.52

Focus Points for trad­ing development

• Week­ly Goal
  • For­mu­late hypos in order of like­li­hood and track with actu­al devel­op­ment on the day
  • Incor­po­rate pro­file day type
• Trad­ing Rules
  • If Open out­side of val­ue con­sid­er the place­ment in rela­tion to ADR/ASR
  • FX with­in val­ue > DAX
• Risk Man­age­ment
  • 3 trades 1% risk, 3rd trade only if first 2 worked out
  • 2 con­sec­u­tive days of lack of sleep = NO TRADING

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