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 had to stop trading at 09:30am and had not seen any salmon up to then, just minnows.
However, I’ve just taken a look to see that the first setup that resembled a salmon took place just after 10am. It was an M1 Buy MAB and it ticked enough boxes to be classed as a salmon – imho.
Not a juicy one but it was decent. The key part was the A-B leg breaking up through a keyzone of resistance which underwent a Role-Reversal to become the Golden Zone.
Had I been trading I would have taken this for 2R up to the top of the M1 micro-channel.