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 decided to do a video on this mornings action after I failed to execute the GZ M15 Sell MAB I’d anticpated well in advance.
I’ve already mentioned that a major weak spot in my process is not reviewing my trades and general performance after each session including weekends when the markets are closed freeing the mind up from distractions.
Earlier this year I regularly did a video commentary and looking back it provided a feedback loop that I benefited from. Today will be my last trading day of the year due to other commitments and plans for the christmas holiday.
This video is intended to to remind me of the need to trust Grid structure and not over-think things. I hope other people find it useful!
I anticipated this great GZ M15 Sell MAB but over analysed it and ended up not taking it!!
The answer to the questions:
- Can I see the A-B-C with excellent role-reversal.
- Do I have good structure.
- Do I have good context.
is YES!!
Yet I failed to execute and can only put it down to my mindset after the recent period of drawdown.