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….
A possible sell setup at Yes low?
It might develop into an M15 MAB with good confluence.
- The 13200 level
- Yes Low
- 61.8 level
- Top of KZ
- Good RR
Good morning Phill. This is my first day back trading, now in a new surrounding having moved house, and then gone away for a week, so I haven’t been trading for the last two weeks. I’ve just closed out a winning trade… good to know the break from trading hasn’t effected me too much!
There were a couple of chances to get a good entry on this one. I passed on the initial 1min MAB as I could see the 5min ema and 15min ema on their way down into the GZ and felt they were the better option. I set my profit target down at the D1 EQZ at 13167.33 in advance, set some LiP levels to cover myself, but ended up manually trailing my stop as the trade progressed. Very happy with this one!
M1 5min MAB | Sell | +3.85R
https://blackboxsoftwaresolutions.com/wp-content/uploads/members/desktop-lr7eroa/ge30.sb_M1_11nov2019_1012_15956862_sell.png
Hi Joel,
A great trade to take after your recent break. I was on a call from 10am so have only just seen this setup, very nice!