Here are some of the key features of being a premium member
Receive BUY/SELL alerts from trades that are opened from one of the most effective index-trading strategies we've ever created. We also share the strategy with you.
ADVANCED SWING TRADING
Access the comprehensive swing trading course and learn how to understand and use the advanced tools that separate an intermediate trader from an advanced trader.
LEARN OUR STRATEGIES
Learn how to be disciplined, learn how to create a plan and stick to it, learn how to use some excellent trading strategies and the indicators connected to them.
We have a growing community of fellow traders discussing indices, forex, cryptocurrencies, and regular chart analysis. Share charts and pick the brains of experienced traders.
Members receive access to the signals channels
Here is the trading signal history since October 2017
The people who know how DaxTrader really works
Chris's success comes from being incredibly focused and disciplined.
Click the items below to read more
Solid bankroll management separates many amateur traders from professional traders. Understanding that a losing streak will happen is a crucial adjustment to one's mindset. We tend to not risk more than 1% per stop loss and rarely risk more than 2%.
We understand the probability of our setups and we know our numbers. We only need to win 35% of our trades to make money because our winners will earn at least two times more than our losers. Chasing a high win rate is not important if you understand the statistics.
Failure to plan is planning to fail. Prior-Planning-Prevents-Poor-Performance. Having a plan is only the first step. Once we have a trading plan, we are disciplined enough to stick to it.
We provide the context behind our trade signals and setups and record every trade we make because we should always be accountable for our trading decisions. Find me a professional trader who doesn't record and analyse their trades, it's essential.
The ability to read, analyse and understand price action movements will be the decisive factor of whether we are successful in trading, or not. If you are a semi-experienced trader looking to take the next step in your ‘career’, then you need to focus on this area in significant detail.
No indicator in the world can read price action as well as an experienced trader. Companies have invested billions of dollars trying, but very few automated solutions exist that can replace this essential talent.
Our chat rooms will help explain how a decision was made or why the trade was taken. So let me summarise this by saying that reading price action is a skill. Skills can be learned through practice. Good practice makes perfect over time. Therefore you need to invest time into this craft and make it a priority to improve your ability as a trader rapidly. You can just follow my trades blindly, but you will not learn anything. You will also get frustrated if you do not understand the reasons behind them
We use a lot of terminologies which refer to swing trading techniques, and some of those methods are very complex. However, the overall idea is straightforward. Identify the major swings then identify the minor swings within that. Understand which direction the market is currently swinging in, and whereabouts in the swing is price presently trading. Only follow the route of the swings, until the swings are broken.
Alan Andrew’s work is still incredibly valid, even now. I highly recommend spending time studying that material. It will take time, because the language is a bit tricky and the drawings are pencil drawings, but do it.
As a trader you will lose a lot of trades. But that's ok.
Would it surprise you if I said that you can still make money if you lose 60% of my trades? This would mean you only win 40%.
I trust my trade setups, I believe my analysis, and I understand the probabilities of my trade setups. Understanding the probabilities is key because this is a numbers game.
If every trade risks 1% and every trade earns 3:1 and every trade is set and forget, then look at this example: Win rate: 40% Number of trades: 100 trades Over this 100 trades, I would have won 40 and lost 60. The 60 losers would have hit the account by -60% (60 x -1%) The 40 winners would have increased the account 120% (40 x 3%) Overall, you make money. Even though you lost a lot more trades than you won. It’s an elementary rule.
DaxTrader premium’s primary focus is helping traders become more professional and disciplined in their approach to trading.
Professionalism and discipline start with committing time to continuous improvement. This commitment includes understanding the reasons behind trading decisions, improving chart analysis and price action techniques as well as understanding how to avoid the common fatal mistakes.
If you are serious about your ambitions as a trader, then you need to invest in your development. Because that's what your competition is already doing.
Alan H. Andrews' Action Reaction is a key piece of work that underpins the majority of the technical analysis we do at DaxTrader.co.uk.
The markets move in waves and median lines are the best tools for forecasting pivots and turning points on any market.
Market profiles help to visualise an extra dimension that price action does not always show.
Points of Control, Value Areas, VWAP, Footprint, Bid/Ask Imbalance are useful tools when used occasionally.
Learning price action is like learning a language. You learn the vocabulary and a few phrases before you have a full conversation.
With price, once you have learn some of the techniques, you can begin to read the story for yourself.
All members automatically gain access to these comprehensive resources
Click the images below to read more
Learn from examples of Chris's analysis methods
How do I find out more about Chris Bailey?
Choose a pricing plan that fits your needs.
Thank you for your interest in DaxTrader membership.
Please provide some information below and Chris will contact you as soon as possible.
Tatnam Road, Poole, Dorset
Phone: 07912 682257