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’ve just taken a look at what’s happened over the last few hours and immediately spotted a Micro Buy M1 MAB after the move above the PW High.
It had great structure and context, I like to think I’d have taken this in real-time.
These micro 2R setups are 2R setups!!
I’m SO looking forward to the routine I’ve got planned whilst living in Scotland. It will be a serious all-day “Being The Bear” daily binge 🙂 🙂
This retrospective analysis is easy 🙂
I’ve just taken a look at the PA and spotted that the earlier M5 Sell MAB was point A in a decent sell setup that followed.
Point C was a perfect PB to the midline at 13095
I just spotted a superb M5 MAB Sell setup that took place around 7:38 after price failed to hold the session high just after 7 am.
Note the following PA in play:
- Left Shoulder at PW High/Yes High.
- Followed by a Double-Top at Grid intersection (13132 plus M15 channels).
- PB up to PW High/Yes High sell zone.
- Note the Precise Right Shoulder at PW High plus M5 MAB.
- This all resulted in a move back down into the M15 channel to the pip!!
The Price Action Grid captured ALL the key PA!
We are on our way to mastering these in real-time, the context was a multiple R setup due to the context of price moving back down the channel.
