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….
I took the first decent setup I liked, it was a sell trade and I captured it on video. It resulted in a loser of -1.90R due to the largest gap I’ve experienced, however, I’d take the trade again, it ticked all the boxes – imho – but just didn’t work out on this occasion.
NFP soon so I’m done for the day.
I’d not marked this up prior to the 7am open but afterwards it was clear – as always 🙂 – that this was an M15 Sell MAB that was fast moving but structurally etc. it was a decent – but fast moving – trade!
Below is the 5 minute chart showing the same setup, note the Role-Reversal that supported the setup.
The move back up is a reminder of how important it is to get and out of these setups and not be greedy.
