Traders Daily Direction
The Big Picture for BTC
The BTC (BTC) digital currency futures market remains in a long term up trend on the monthly time frame. There is still a down Gartley Fibonacci extension price at 10,300, which we are expecting will be hit near the up trend line. If or when that future low price is hit, it should U-turn the … The post The Big Picture for BTC appeared first on Josh Daily Direction.
Small Cap Stocks Set Up a Trading Range
One thing we know about the Russell 2000 (RTY) futures market is that it loves to consolidate. It tends to go through long periods of sideways action on the monthly and daily charts that often result in big moves up or down. Well, the RTY is in one of those consolidation ranges right now. And … The post Small Cap Stocks Set Up a Trading Range appeared first on Josh Daily Direction.
This Week’s Big Idea for Crude Oil Futures
I share my top trade setups whenever I have a big, new idea for the market… And to invite global comments, I provide the core chart and discussion on my TradingView page. After falling below its longer term up trend line briefly last week, the crude oil (CL) futures market is bouncing back in a big … The post This Week’s Big Idea for Crude Oil Futures appeared first on Josh Daily Direction.
Finding Trading Patterns in S&P 500 Futures
Today, I want to share some of my insights on how to recognize market trading patterns. Being able to spot specific market patterns is crucial to knowing when to buy and/or sell a particular market. But how do we go about figuring out what the market is doing? Well, we rely on our time frame … The post Finding Trading Patterns in S&P 500 Futures appeared first on Josh Daily Direction.
Bulls Fight Back, But Bearish Trend Remains
The bulls are fighting back against the bears as the new week begins… After closing below the June lows last Friday, the Nasdaq 100 (NQ) futures market is bouncing back today by 1.6%. Stocks are up across the board, but it’s important to remember that this market is still firmly in a down trend. Therefore, … The post Bulls Fight Back, But Bearish Trend Remains appeared first on Josh Daily Direction.
Candlestick Charts Don’t Have To Be Complicated
I often get questions from traders about how my time frame charts work. More specifically, they want to know how to read candlestick charts. And that’s an important question to ask since our entire trade setup centers around our charts! But many financial gurus don’t like to give away this information. Luckily for you, I’m … The post Candlestick Charts Don’t Have To Be Complicated appeared first on Josh Daily Direction.
The Bull Case for Crude Oil
Following an incredible run higher at the start of the year, the crude oil (CL) futures market is down hard over the last few months. And after breaking below its longer term up trend line this month, the market is right back to where it started the year. However, the market is still testing support … The post The Bull Case for Crude Oil appeared first on Josh Daily Direction.
Time to Sell the Rip in ES?
The S&P 500 (ES) futures market had a big win yesterday, gaining almost 2% to fend off the bears at the June lows. However, the daily time frame remains in a down channel, and we are still looking for selling ideas. If we see the current bounce continue towards the top of the channel, that’s … The post Time to Sell the Rip in ES? appeared first on Josh Daily Direction.
How to Set Trading Goals for Yourself
Setting goals is absolutely crucial when trading the markets. Because doing so can help you plan a course of action that you’ll need into order to realize those goals. How should you develop a trading goal to begin with, you ask? Well, there’s no one strict way of doing it, of course. It’s a personal … The post How to Set Trading Goals for Yourself appeared first on Josh Daily Direction.
Russell 2000 Hits Key Fibonacci Level
Regular readers know that one of the main technical analysis tools we use to track the market is the Fibonacci extension. Our research shows that markets often interact with these levels over time, so we always try to take them into account when making decisions on direction. Well, this week, the Russell 2000 (RTY) futures … The post Russell 2000 Hits Key Fibonacci Level appeared first on Josh Daily Direction.
How We Plan to Sell an NQ Rally
Last week’s 4.7% decline in the Nasdaq 100 (NQ) futures market brought the index right back down to its June lows. The market is clearly still stuck in a down trend, but this is an area where support could be found. And if we do see a rally in the NQ from here, we’ll be … The post How We Plan to Sell an NQ Rally appeared first on Josh Daily Direction.
Here’s How a Pro Finds the Market Direction
It’s tough to uncover profitable opportunities in a market without a defined direction. And that is why finding market patterns is one of the most crucial aspects in developing a good trading strategy. While markets differ, the facts that underpin market trends are universal. We’ll have the best chance of making a winning trade if … The post Here’s How a Pro Finds the Market Direction appeared first on Josh Daily Direction.
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