Daily analysis and day trading setups on DAX Ger30 20220812

Aug 12, 2022

Happy Friday,

Bulls are trying to reach for 14k handle while bears are barely holding their shorts (full on pun intended)

Line in the sand for DAX today is 13580

Macro EU Industrial Production, GB GDP Estimate, US Michigan Cons. Sentiment Index

Buy
Break: 13690, 13760, 13830
Reversal: 13660, 13580, 13520, 13430

Sell
Break: 13670, 13600, 13530, 13430
Reversal: 13710, 13770, 13840, 13870, 13940, 14k

Green Goblin levels are here >>>


Fibonacci Confluence levels are here >>>

Aug 12, 2022

Trade active

#Trade 1: Bullish b/o from red zone 0. Entry placed at the bottom of the box
#EasyPeasy aka #TextBookTrade

#LongTrade: 13693
SL 20 pts
TP1: 3:1✅Stop to entry
TP2: 6:1
TP3: TBD

#WinningFriday #PlanYourTrade #TradeYourPlan

Aug 12, 2022

Note

There is a reason why I have my levels where they are and why price almost always retraces immediately after hitting my TPs.

#Trade 1: Update TP2 done
#LongTrade: 13693
SL 20 pts
TP1: 3:1✅
TP2: 6:1✅Stop to 3:1
TP3: 9:1

If you #TrustThePlan & #TradeYourPlan, this is the result

#WinningFriday #PlanYourTrade #TradeYourPlan #Daytrader

Aug 12, 2022

Trade closed: target reached

DAX truly tested my patience today. But I always believe in #PlanYourTrades & #TradeYourPlan so let it run.

#Trade 1: TP3 done >> 180 pts
#LongTrade: 13693
SL 20 pts
TP1: 3:1✅
TP2: 6:1✅
TP3: 9:1✅

Aug 12, 2022

Note

Today's trading plan turned out be a great success. One single trade with 180 pts on final TP.

A great winning week.