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 come back to my desk to see that price has continued on up and offered an M1 Buy Micro-MAB at the to of the updated KeyZone.
This screenshot has the updated KeyZones and had they been in place I might well have taken the trade?
Price is very bullish at present so I was looking to enter a buy trade but ended up missing this one due to being too fussy. I would have preferred some clear RR structure and could not decide on the best point A.
After the event it’s clear where point A was best taken from however, I ended up over-thinking this one and missed taking it.