Good morning traders
The morning briefing today discussed balance points, harmonic patterns, bearish and bullish forks, zigzags and also behaviour changes and how to identify them. There were plenty of examples during the trading yesterday, so take a look at the video. There was a nice trade setup yesterday afternoon that we shared as part of the BBRSI strategy. I decided to not take that particular setup as a trade, because it was a counter-trend setup and quite late into the session. I was also waiting for a change in behaviour to signal the end of a trend.
This was the idea and it was sent to the premium channel at 17:29 UK time. An order would have been placed at those numbers. The order would have been filled around 18:00 (CFD). Congratulations to those who took that, there was plenty of time to plan it.
If you want more of these ideas, then see below about the premium channels.
06-04-2018 Dax Outlook
The bullish idea today is based on the median line methodology from Alan Andrews. It builds on the idea from yesterday. You may remember that we gapped through a median line. Well according to Andrews’ there is a high probability of price coming back to test that median line before continuing in the original direction. If this is the case, then we have another opportunity to get long.
The bearish idea today is based on a change of behaviour which started last night and continued this morning after the gap. We were trending yesterday so buyers may have bought at the top and found themselves trapped after the gap. Therefore it’s likely that these buyers will want to dump their positions if they catch breakeven. This dumping of positions could contribute to a selling opportunity.
These two ideas have been posted on the trading ideas page. Be sure to check that page out regularly.
Bookmark it.
https://thedaxtrader.co.uk/todays-trading-ideas/
Economic Calendar
Watch out for NFP today, it will always create massive volatility. I am going to walk away from the screens for the afternoon session to avoid that volatility, but good luck to anyone who trades it.
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:
06-04-2018 Dax Video
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
