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….
Another range play and had good structure and I liked the RR, not a range day so it didn’t work out.
However, the bulls were intent on the PW High.
This early M1 Sell MAB didn’t work out. It was a range play and had good structure and I liked the RR.
However, the bulls were intent on Yes High.
I missed this excellent early M5 Buy MAB!
Note how point A is at the bottom of a KeyZone.
Note how point B is at the bottom of a KeyZone.
Note how point C is at the top of a KeyZone.
This is how important these KZ’s are and is the reason why we overlay them, lock them into postion and project them into the future.
This is a perfect example of how a great setup – M5 Buy MAB – forms when price is interacting with them.
Whoa whoa!! +6.79R, that is, almost 7% of your trade bank is what most people need to spend 5 years to make by having the money in the bank! And you did it in one trade!
It was definitely a day where you broke the rules, and this things happen when you do so. Not advisable as a long term strategy though!