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….
Just closed out a 15min MAB Sell trade for +3R. My target was 4R at a key structure level, but after seeing the long candle wicks at the 61 Inner-Fib level, I manually closed the trade for +3.04R. Price has since come down through my original target to the Open/Yes Close, however I’m happy with my trade management and my read of the price this morning.
https://blackboxsoftwaresolutions.com/wp-content/uploads/members/desktop-lr7eroa/ge30.sb_M1_15nov2019_0920_16024868_sell.png
Great trade Joel!!
Great trade management and patience as you let it play out……