Welcome to the daily DAX commentary where we share with members our unique take on Price Action as the session unfolds. We comment on trade setups that conform to our trading edge and how we use the hybrid Blackbox Trade Controller for MT4.
Use the comments section below to post questions and read what others are saying.
Remember to:
- Follow your trading plan.
- Practice visualization techniques.
- Review and journal your trades at the end of each session.
- And above all else Be The Bear….
Price has continued moving down after yesterdays sell off and is currently testing a major support level at the D1 EQZ Mid-line at 12135.7
We need to see a clear Higher-High or Lower-Low form as price moves away from the zone/level as price will be very rangey and spikey whilst it’s being resolved.
The H1 Bull Mid-Channel and H1 Bear Mid-Channel are also confluent with this level.
This shown on the M15 chart below.
I thought you were off today 🙂
Let’s see what the market has for us.
Btw, R.I.P “my” ( actually your) second screen.. After a long time of service under your command, it seems to have died today on my desk. Will re-test later.
Will stop at 10am to finish packing and load up the car, we plan to leave mid afternoon.
I hope you enjoyed the perspective the second monitor gave you, give it a decent burial 🙂