Built by Traders, for Traders
Built by Traders, for Traders
I’ve talked a lot about the four stages of the stock cycle, an idea originally pioneered by legendary trader Richard Wyckoff. The cycle is made up of four distinct stages that have been repeating themselves for more than 100 years. Stage 1: Consolidation Stage 2: Accumulation Stage 3: Distribution Stage 4: Capitulation I’ve also continued …
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Hello, Daily Direction readers! Today we’re taking a look at light crude oil futures (CL) as it finally enters the buy zone. Thanks to our patience, we can now look for opportunities to buy the CL market as it breaks into the buy zone and heads toward a new high price. Also worth mentioning is …
The post Are You Ready for This Change in the CL?….
Your market analysis is about to get a whole lot simpler.
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How to Keep Your Timeframe Charts Simple
Good Morning, Daily Direction readers! If you’ve been following my trades, you’ll know that I rely heavily on timeframe charts while making futures trading judgments. Today, I want to teach you what indicators and setups I use when preparing my charts. I recognize that dealing with all of the data for trading might be difficult, but properly …
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