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….
Yesterday price broke above the PM High stopping just short of the EQZ 50% level at 13021. It came back down offering a great sell at 12947 and is now back below 12873 at the PW High.
NOTE: We have the presentation Friday morning so will be continuing to prepare for that today.
I took a/the Sell at 12947 yesterday afternoon, trailed my stop too tight after the M15 MAB and came away with +1R. It covered my other losing trade, but could have seen much better profits had I let it run.
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