Traders Daily Direction
Don’t Let the Ups and Downs Confuse You
Good Monday morning, Daily Direction readers! Today, I’m going to give you a crash course in candlesticks and tick values so you can learn more about how I use my charts to find trading opportunities in the futures markets. I often get questions from traders about how my timeframe charts work. More specifically, they want to know … The post Don’t Let the Ups and Downs Confuse You appeared first on Josh Daily Direction.
The Truth About “Patience” in Trading
Hey friend, Let’s see how markets have been moving as we enter the middle of the trading week. The Daily Direction Note: Weaker jobs data spurred a big upward move in all the indexes yesterday – flipping almost every direction into the green. Is this a sign of the next rally? The Daily Nugget Good […]
Dealing with the Data of Futures Trading
Good Morning, Daily Direction readers! It’s Thursday, so that means it’s time for another look at a critical component of my futures trading strategy. 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 … The post Dealing with the Data of Futures Trading appeared first on Josh Daily Direction.
Incredibly Powerful Trading Edge
Hey friend, This week is light on the economic data… And heavy on “Fed speak” – aka talks by various Fed officials, any of which could potentially move the markets. With that said, let’s see how markets have been moving. The Daily Direction Note: There’s no doubt the speed of the rally has slowed down, […]
Counterintuitive Sign of a Roaring Market
Hey friend, It’s the last day markets are open for 2023. The price action looks unimpressive compared to some of the big up days we’ve seen in the past couple months. Nonetheless, we’re still in the middle of a rally – and 2024 looks like it’ll be off to a great start. The Daily Direction […]
Can You Take The Institutional View?
Hey friend, Could the post-Fed meeting decline be over? Or is this just a short breather before the decline resumes? Let’s see how markets have been moving. The Daily Direction Note: All indexes closed higher yesterday – but not by much. No change in any index directions. The Daily Nugget Institutional investors don’t see stocks […]
Don’t Get Faked Out By False U-Turns
Good Thursday, Traders! One of the crucial chart patterns for successful trades is to identify and capitalize on turnarounds in a market price action. If we can identify a turning point that sets up a price reversal from a big downturn, then we can cash in by buying into a market at a good entry … The post Don’t Get Faked Out By False U-Turns appeared first on Josh Daily Direction.
Are You Using the Wrong Strategy?
Hey friend, Time to see how markets have been moving. The Daily Direction Note: All indexes closed positive yesterday thanks to solid momentum from earnings season and anticipation of the Fed’s meeting today and tomorrow. The Daily Nugget The skilled trader knows how to use the right tool for the right job. You don’t want […]
Stop Asking Why
Hey friend, Let’s see how markets have been moving as we close out the trading week. The Daily Direction Note: Stocks shook off Thursday’s pullback to surge higher on Friday – ending the week strong. All index directions are firmly in the green. The Daily Nugget The “why” isn’t as important as the “what”. Amateurs […]
Conviction and Flexibility (Why You Must Have Both)
Hey friend, Time to see how the markets have been moving. The Daily Direction Note: Indexes closed higher yesterday with tech stocks mounting a surprising comeback. No change in any directions, however. The Daily Nugget Successful traders have both conviction and flexibility. Successful traders have conviction in their strategies, but they also know when to […]
Get Your Charts Ready for the Trading Week
Good Morning, Traders! I’m going to show you what indicators and setups I use to prepare my charts today. I understand that dealing with all of the data for trading may be overwhelming, so I wanted to take some time to give you some real advice that will help you become a better trader. Properly setting … The post Get Your Charts Ready for the Trading Week appeared first on Josh Daily Direction.
How Do You View Volatility? (Important)
Hey friend, The latest data on home sales and consumer confidence came through – and it didn’t help market sentiment at all. Add that to fears of yet another government shutdown, and you have yet another down day in the markets. The Daily Direction Note: All indexes closed sharply lower yesterday. The most concerning was […]
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