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I was introduced to a Daily Dax newsletter run by a Mr Rocco Gräfe via a link that @GFIs1 made in his DAX one trade per day journal. Rocco is a technial analyst that works for a German company that specialises in financial journalism and information. The company is called BörseGo and the service is called Godmode Trader
All services and information are in German language although you can write in English and they will understand.
It is good. Rocco does a very general review of the DAX that drills down from Daily charts to smaller time frames and is non product specific. He draws trend lines, sets reminders for recent significant highs and lows , illustrates significant gaps and does a general reminder for the state of the market.
I would recommend it to anyone that does their own daily analysis to compare and also to see if you are paying enough attention to the overall direction of the market.
It is also easy to digest. The video is 5 or 10 minutes long and you can easily skip through it.
This service is also good but it didn't suit my needs. Overall the service is aimed not at futures traders but traders of other derivative products like CFD's and KnockOuts. Rocco goes into much more detail not only on the direction and levels for the day but also the specific products that can be used to trade from one price level to another.
I found the service a little confusing as I didn't have an overall impression/description of his full strategy. However he pays attention to risk management in terms of position size and if you pay very very good attention you will see that higher risk trades (counter trend or calling the day's high and low) are mentioned as such.
Pros:
- long term big payoff relatively small risk trades are highlighed (but not available every day or course)
- detailed commentary with trades called live and emailed
- possibility to chat / ask questions directly
- not too much noise although clearly he does get a lot of crap from some people who perhaps have made losing trades
Cons:
- it is very focused on CFD and Knockout products (it is designed like this .. so it was a con for me only)
- trades can be very confusing as there is no overall hierarchy that is immediately apparent
Summary:
Overall good. Not just entertainment but I suspect that lots of people use it for that. Very specific information and possibility to interact with the moderator.
Thanks for the thread.
I am following Rocco's video at 9:00 to see his Fib-levels and major turning points and resistances.
As all the web based tutors allow for free is a view on the possibilities the price might
get: higher... or lower.
There is NEVER a real indication about the reading.
Contrary to this is Kathrin Roller's Ichimoku indication on the same BNP channel.
She is giving good advice into which direction mid-term one should head to.
Over all I have to say that the BNP channel updates frequently and the trader might
get some useful hints for intraday or swing trading.
