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….
This sell setup was decent compared to my earlier trades but price was coming up off the PM Low. I’ve passed on these often enough only to see them come in but not this one.
The screenshot shows poor/over trading. I changed my mind about the M5 Sell MAB and entered late.
The Buy trade was aweful, I was trying to be smart and take a move back up to the H1 Midline@12984…….
I then switched back to bear mode and took the sell down the PW Low which worked out but not great trading at all!
My first day back trading after a week of mild flu. I feel very rusty and failed to take the early sell FIBCON pre 8am and then talked myself out of the M1 Sell MAB!
I ended up taking an agressive sell once it became clear the bears were looking to target at least the PW Low.
It should have been a +2R……..