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….
Very poor trading day, only 2 out of the 7 trades were structurally good and I followed my rules, the rest were not setups!
Not good enough!!
The first trade was structurally good, an M5 sell MAB at 10878.2 but did not work out.
After that I broke my rules as can be seen by the cluttered mess on the chart.
The last trade was an M1 buy MAB that stopped just short of the 2R, it was a good setup.
The trades between the first and last were howlers!!