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….
Price went into a range after yesterday’s (no trades taken) sell off followed by a retrace back up to the D1 EQZ@11694
I took a sell trade that didn’t work out, it was a decent setup but the context – again – was the middle of a range.
I then entered a second sell trade after another A-B down from the TOR, I trailed my stop and was taken out for BE.
Today is a reminder on how tough it is to trade ranges unless you’re taking setups that mean you’re Buying-Low or Selling-High.