Good morning traders and May the fourth be with you. I recorded the morning briefing offline this morning and the video is posted below. I have shared two ideas from the 20-minute chart, the screenshots are posted here on the ideas page
The ideas are based on the action centre reaction line sets (ACR line set), we also explored the rhythm of the swings and forecasting potential target zones for trades. If you want to find out more about these tools and how to use them, then make sure you join our free telegram channel here https://t.me/DaxTraderChannel or feel free to send me a message on telegram here https://t.me/DaxTrader or use my @daxtrader username. The video will also run through yesterday’s session and highlight an interesting collection of price action.
Make sure to watch the video, subscribe to the youtube channel and hit the like button if you are enjoying the content.
A quick look around the news stories and we hear: NFP is today. ECB’s Constancio says that Eurozone is wasting benefits of currency union. Dollar weakening after FOMC where Fed leaves rates unchanged. Eurozone April preliminary CPI figures, 1.2% vs 1.3% expected, but i’m not looking too heavily into the inflation dip. Eurozone March PPI figures, 2.1% vs 2.1% expected. Bitcoin is back! Keep up to date with the economic releases and expectations here: economic calendar
04-05-2018 Dax Video
04-05-2018 Dax Key Levels
|Value Area High *||12783|
|Value Area Low *||12725|
|14 Day ATR||149.51|
|*These are FXCM numbers, not futures numbers. Please be aware that FXCM can often be 5-10 points higher than futures prices|
If you want to develop as a trader and adopt a professional mindset then you are at the right place. If you want to get excellent analysis and indications on the high probability setups, then come and join the DaxTrader community. We have a number of active members contributing towards the DaxTrader community with setups, charts and ideas. As a premium member you will have access to:
See what people are saying about DaxTrader.co.uk by visiting the TrustPilot page here:
The Chat Rooms
Participate in the various member’s chat room for Dax, Forex, Cryptocurrency, Algorithm Trading with charts and ideas, improve your own analysis and pick the brains of other experienced traders.
The Webinars & Webinar Library
We have some excellent content to share in the webinars to help you understand the strategies and tools used by Dax traders. These strategies and tools are incredibly effective on the DAX and quite easy to start to understand. They don’t require expensive software either. The experience available in the webinars is excellent with guest webinars weekly.
Live Trading Signals
When a trade opens on our account, we share the information directly to the signals channel. We provide information including the entry, the stop loss, the target and the date/time. Premium members get access to DAX, FTSE and occasionally S&P500.
Our software sends the signals directly to your phone using Telegram messenger and thanks to our engineering, the delay between us opening a trade and you receiving it to your phone, is around 0.6 seconds.
The Charts (live)
I broadcast my charts for the majority of the day, which you can access and see what we are working on. You can view the charts from a tablet or smartphone as well as a computer