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….
13:19
Missed M5 Sell MAB
Had to pop out and came back to see this M5 Sell MAB at 12:47
The retrace back up to the D1 EQZ@13463 was great Role-Reversal….
10:38
Missed M1 Buy Micro-MAB Winner 🙁
SO Frustrating!!
I decided to use a Buy Limit for this M1 Buy Micro-MAB once price broke above the D1 EQZ@13463 and it failed to trigger by 0.3 of a pip!
I’ve started using limit orders more often to avoid timing issues with the Trade Tool at times, was just too fussy on the setup.
It had decent structure, point A was the PM High, the 61.8 level was perfectly confluent with the 13463 level and the Role-Reversal was superb!
09:17
M1 Sell MAB Loser, -1.27R
I took the first sell setup after the break below the H1 EQZ@13430. I was a little unsure about the context but otherwise liked the setup and entered using a sell limit order.
My 2R target was above point B so pleased with the setup, just didn’t work out.