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….
I was not at my desk to see what followed the earlier sell M5 MAB but it turned out to be a decent sell FIBCON.
The retrace to the GZ was ideal along with the Role-Reversal structure.
NFP today so the market will slow down and go into a holding pattern wating for 1:30 pm.
I passed on this one due to context. It had great structure and confluence. The earlier bear spike caused me to question the quality of the LL but it worked out and a great example of the power of the D1 EQZ@11987.70