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….
16:01
Missed M5 MAB 🙁
I marked this one up then missed it as I had to leave my desk.
Maybe I should have set a custom limit order?
This was a great setup, ticked all the boxes….
11:16
Passed on M5 MAB, it formed a micro channel point
I passed on the M5 Sell MAB but have noticed that it formed at the upper boundary on a micro-channel.
10:51
Possible sell at RESCON+PM Low
If price can move back up to the area of RESCON:
- PM Low
- 61.8 level
- The 11000 level
- H1 EQZ
- H1 Bull Mid-Channel
- M5 EQZ
then a sell might be on offer?
I’ve not seen a decent opportunity to jump on the move down unless I’d broken my rules and I’m SO not wanting to do that!!
I’ve just passed on the M5 Sell MAB due to context as price is coming up off the lows, at present it’s looking like it’ll be a winner.
07:42
61.8@RESCON
When the DAX opened at 11pm last night it sold off 270 points in 3 minutes!!!
The 61.8 level is the current session Hi-Lo at RESCON:
- H1 MA
- D1 Bull Mid-Channel
- H1 Bear Channel
- M15 KeyZone boundary@11118.5
Let’s see what happens if price reaches it?