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’ve just taken alook at the afernoons action so far to see a decent M5 Sell MAB at Yes Low., just below the D1 EQZ-Midline@11545
This was with trend and offered the only Salmon I can see since price sold off down to current Lows. After such a strong sell off price can often bounce/retrace quite strongly so any setup must be high quality and this one certainly was.
Had I been trading I’d have taken this as it’s supported by the higher TF context on M15/M30 charts.
After missing the earlier sell setup at 11740 I took the M1 MAB sell that followed once price had broken through the D1 EQZ@11693 for a+2.43R winner.
It ticked all the boxes to qualify as a salmon 🙂
Price has since moved on down but pleased with a winner plus I captured most of it on video.
Below is the screenshot of the anticipated sell setup that I missed out on due to being too fussy and seeing if the M15 MAB was going to take place. I’m pleased with my read and pleased that I didn’t chase price etc. after missing the entry.
