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 developed a migraine late yesterday which has trashed my sleep so am feeling wiped out just now and need to go back to bed for a while.
Yesterday price failed to hold above the EQZ@13169 so a move back down to the 50% midline@13021 just above the PW High might be on the cards?
I was out yesterday afternoon so missed the excellent sell M5 MAB that took place at 15:55
Also, at points A, B, and C a micro-REVFIB formed, I’ve never seen this before where all three points have such a clear REVFIB.
I’m not suggesting these that these are easy to trade as retrospective analysis is SO easy BUT I am pointing out the Pure Price Action patterns that do form. We just don’t know when and that is the challenge we have as intraday traders.
I do like the idea of developing the sharing of comments etc. where we let others know that we’ve seen something promising and then we each decide to trade accordingly.
See the screenshot below from yesterday.
