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….
The last few weeks or so I’ve not traded due to a project that has consumed me and means I fly to Israel tomorrow for 12 days.
However, I’ve just looked at this mornings action to see a great GZ M1 Buy MAB at 8:11 am. It had great structure, great Role-Reversal and great context. An example of how if we’re patient and take only the best probabilties are on our side. The higher timeframe context was also short-term bullish so more than 2R was possible.
We know they will come, we just don’t when and this one was soon after the London open, that’s why Being The Bear is key 🙂