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….
18:23
Today’s Results, -3.21R
Another day of such fine margins!!
I read the sell sell up but used the wrong point A then entered again only to JUST be stopped out, that would have been breakeven.
17:22
Used the wrong point A for sell setup
I read this sell setup but used the wrong point A.
I used 11325 instead of 11354 which was clearly – after the event – the correct one.
I ended up moving my stop to ONLY just get stopped out then re-entered and again – JUST stopped out!!
14:27
GZ M1 Sell Micro-MAB loser, -1.77R
I took an almost identical M1 sell MAB but this time did not work out.
Moved my stop to protect it with the M5 MAB but it’s coming up from the bottom of the short-term range.
12:24
GZ M1 Sell Micro-MAB winner, +2.72R
That’s more like it 🙂
I took the sell at 11325 and moved my target to just above 11300 and walked way.
11:41
GZ FIBCON loser, -0.24R
WTF is wrong with me!!!!
I wait patiently for the retrace up to 11363 as mentioned earlier, get a PERFECT entry then close out when price does a micro-double-top???
I guess the only thing I can do is walk away once I’ve entered the trade. It was a freaking great setup and absolutely was one of those that I’d take again – win or lose.
Trailing my stop to just above the 61.8 level would have been a better option.
I never used to be like this and it’s affecting my results, as Adam Khoo points out it will sabotage my performance.
Totally happy with the anticipation, Totally unhappy with my trade management!!
10:38
Passed on GZ M5 MAB…
I’ve been sat waiting for a retrace back up to the 11363 level but not happening so far.
I passed on the GZ M5 MAB and it’s turned out to be the best setup of the session so far….
08:42
Sell loser, -0.41R
I took an aggressive sell on the break of the H1 EQZ@11388.8 but had forgotten to mark up the A-B-C !!!
I sold into the Golden Zone, I closed out as soon as I realised..
Always mark up the A-B-C in real-time.
Yeah! great GZ M1 Micro MAB!
Nothing like a trade like that one to leave behind whatever happened earlier! Great place to stop the trade, you did max out that one!
Just wished I’d missed the almost identical second one later 🙁