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….
At 8am the bulls produced a strong move up that I was unable to jump on.
I followed the move up on the higher time frames and anitcipated that the first decent pullback of quality would be to the PW High. I used a buy limit to enter, this one worked out perfectly!
Note that point A is at the bottom of a KeyZone.
Note that point C (PW High) is at the bottom of a KeyZone.
The more I’m studying the intraday KeyZones the more I’m seeing how they can play a major role in increasing the quality our A-B-C setups.