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….
This M5 Sell MAB started well but didn’t work as the bulls defended the H1 EQZ mid-line@11580.4 so after cross-referencing with the H1 and M15 charts I closed out for a small loser.
It proved a good call as soon after the bull spike took place. My stop was quite generous but it would have to have been perfect to have gotten the 2R out of this one.
I’d take the trade again as it qualifies as one those setups that was good enough to take but didn’t work out.