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 testing the EQZ 50% level at 13317 a topping pattern formed. I managed to get a small winner using a sell limit and walking away, had I not touched it then I’d still be in the trade, as I type price is just above my 2R.
The much better sell setup I just missed due to my sell limit being just above where the PB reached.
Note the ‘Clues for best Entry’ comment on the chart, another example where you don’t get the perfect entry and we have to mark things up very precisely.