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….
After waiting for the M15 Sell MAB I switched to buy mode when the REVFIB set up quite quickly. At 1R I BE the trade buy should of kept my stop just below the GZ to let it play out – Trust Structure 🙂
Overnight price has moved down to test the EQZ@12577, I’ve marked up a potential GZ where the 61.8 level is confluent with 12577.
Today is NFP so expect a slowing down late morning.