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….
Today I am +10.48R up from seven winning trades, zero losers 🙂
My best day to date!!
All the trades were based on the M30 Grid levels.
It was preceded by two decent days.
Below are the trades for today.
The first one was before 8 am, I’d missed two earlier sell setups but took this one on the PB to the Open plus the 11541 level.
The second one was a sell limit based on a Triple-Top at the 11652 level.
Trade three was a sell M1 MAB for +0.95R
Trade four was a sell M1 MAB for +2.01R
Trade five was a buy REVFIB for +0.36R, I should have left this alone as it went on to reach the 2R target at the Open.
Trade six was a buy M1 MAB for +1.66R, had I left alone it would have reached the 2R target.
Trade seven was a sell REVFIB for +2.72R
All the trades were based on the M30 Grid levels.
