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….
Should have played this better. I moved my target and failed to see the excellent Reversal FIBCON as price came up off the low above Yes High.
Really pleased with trade and got the bonus of a gap that went in my favour 🙂
The PW High was an obvious target once the bulls had taken over at 8am. I passed on earlier setup (at point A on second setup, no MAB in play)) at 8:12am then took the M1 MAB based on the PW Week being a high probability.