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….
First day back after nearly two weeks away. I took the buy Micro-FIBCON just after the 8am London open. Fine margins meant I didn’t get the entry level I wanted so my target was above point B. It started off well but when price reached point B it spiked down strongly so I closed out for a small loser.
It was a decent buy setup and I’d take it again. It was with trend and had good structure and context. Next time I’d look to get an entry so that my 2R target was at point B.
Good trade management to mitigate losses. The 2R was there with a better trade entry, was that due to hesitation or just fast movement of price?
I’ve just had a 2R winner. I was uncertain about trading back up into the H1 EQ border but liked the look of the 5min MAB, and it was confluent with a keyzone I had drawn up earlier.
https://blackboxsoftwaresolutions.com/wp-content/uploads/members/desktop-lr7eroa/ge30.sb_M1_16oct2019_1137_15586591_buy.png
Hi Joel,
Just saw this post as I was out of action for most of last week, great trade 🙂
Great trade Joel!!
Miss being around every day.
Glad to see you trading 😉