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….
A decent M1 Sell MAB formed afrer the break below the H1 Bear Channel. There was good Role-Reversal so I took the trade, it started well then spiked back up so I closed out for a small loser.
Once again I should have trusted Grid structure, the 2R would not have come in by 0.1 pip before price moved back up. Had I not touched the trade it would have been a 1R loser due to the spread and the finest of margins.
A good setup and should have at least got a profit from it!