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….
This is a very similar buy setup at SUPCON to yesterday – see below. Always so clear after the event but I was expecting that price might reverse back up into the range and failed to take a decent buy setup which resulted in multiple R due to the context.
Below is the Reversal Buy FIBCON from yesterday morning, the key piece of structure to support the buy trade was that price was reversing back up off Yes Low.
For today the key piece of structure to support the buy trade was that price was reversing back up off a zone of SUPCON made up of the D1 & H1 EQZs.
These MUST be taken as they can offer multiple R due to the context!
