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 just returned home to see a great GZ M1 Sell MAB that’s recently formed after price decisively broke below the 11600 level.
A must take had I been trading…..
After the strong move up I entered a sell trade at an area of RESCON at 11630ish…
I closed out due to the M5 Buy MAB for +1.81R, nice to have a winner after a losing start to November 🙂
I have to go out for a few hours so decided not the take the M5 Buy MAB which is currently looking good if you’d taken it.
Good trade! You must have suffered when it went towards your stop loss but it was worth the pain!
After last weeks poor trade management I decided to walk away and get ready to go out for a few hours.
A good call, I might have been tempted to close out if sat there like I did last week.
The reward is a decent winner 🙂