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’ve not been able to trade today but did take a look earlier this morning before going out and then at lunchtime.
This is retrospective analysis that is always easy, trading in real-time is the real skill!
The screenshot above shows an M1 sell MAB after price moved up strongly following the 8am London open. It had good structure and context following a brief M1 buy MAB when price began to reverse.
I’ve also marked up a low probability M1 sell MAB when price moved back above the D1 Mid-line@12430.
When I returned at lunchtime I spotted an M5 sell MAB that formed at 11:20am when price reversed up off the session low. What made this one worth taking was the MAB was confluent with the top of the KeyZone and the Role-Reversal (look-left).
Easy afterwards of course but in real-time I would have certainly considered this one.
