Traders Daily Direction
Nasdaq 100 Ready for a U-Turn?
Welcome to Monday, Daily Direction readers! Today’s stock markets are in a risk-on mode at least for now. In particular, technology stocks are leading traders’ buying. This is helping to drive a turnaround in the Nasdaq 100 Index, which is highly weighted with leading US technology stocks. This is now setting up a trade for … The post Nasdaq 100 Ready for a U-Turn? appeared first on Josh Daily Direction.
Getting the Right Trade Set Up
Good afternoon, Daily Direction readers! The US stock market has not been an easy place to make profitable trading gains so far this year. The benchmark S&P 500 Index was down in price by 4.95% for the first quarter and the year to date. But it also came with a rebound for the full month … The post Getting the Right Trade Set Up appeared first on Josh Daily Direction.
How to Master and Trade Fibonacci Levels
Good afternoon, Daily Direction readers! US stocks are set for a loss for the trading day as well as for the first quarter. This will be the first quarter of a full loss in two years, which of course also extends to the full year to date loss for the stock market. The benchmark S&P … The post How to Master and Trade Fibonacci Levels appeared first on Josh Daily Direction.
The Phantom of Profitable Trades
Good afternoon, Daily Direction readers! I continue to work on finding the right markets to trade that are moving in the right direction. This applies to contracts for stock index futures, alternative asset futures, currency futures as well as individual stocks. And once I have found the right direction for a futures contract or an … The post The Phantom of Profitable Trades appeared first on Josh Daily Direction.
Why Picking the Right Broker is So Important
Good afternoon, Daily Direction readers! We’re seeing lots of green on our screens so far this week! Hopefully you’ve been following my trades and utilizing my knowledge to work toward your own futures trading career. But if you’re just starting out, today’s your lucky day… I’m going to take a look at one of the … The post Why Picking the Right Broker is So Important appeared first on Josh Daily Direction.
Gold Futures Are Making the Turn
Good morning, Daily Direction readers! Last week, we talked about Gold Futures (GC) and said that the market could be setting up nicely for a bullish U-turn on the daily timeframe. Well, that U-turn is now underway, so we’re going to cover the GC in more detail today. First, however, let’s recap where GC is … The post Gold Futures Are Making the Turn appeared first on Josh Daily Direction.
How to Make Sure You’re Managing Trading Risk
Hello, Daily Direction readers! It’s Friday! That means it’s time to wrap up another trading week, unwind over the weekend and prepare to start all over again on Monday! But it’s hard to unwind if you’re constantly worried about the risk you may be taking on by trading the market. This is one of the … The post How to Make Sure You’re Managing Trading Risk appeared first on Josh Daily Direction.
How to Master Your Charts with Candles and Ticks
I’ve heard from many of you that want to know more about charting the markets, so that’s what we’re going to cover today. As you’ll learn, candlestick charts show price movement within a market. Each move, or tick, on the chart carries a certain value. That’s important to remember as we look for low-risk, high-reward … The post How to Master Your Charts with Candles and Ticks appeared first on Josh Daily Direction.
How to Learn the Ins and Outs of Futures Trading
Good afternoon, Daily Direction readers! It’s Wednesday… The mid-point of the trading week! This is the day when we discuss the fundamentals of futures trading. We’ll talk about futures contracts and how to trade them. As many of you know by now, trading has the potential to be extremely profitable. Billions of dollars move through … The post How to Learn the Ins and Outs of Futures Trading appeared first on Josh Daily Direction.
Preparing for a Bullish Break in Gold Futures
Good morning, Daily Direction readers! Today, we’re looking at the Gold Futures (GC) market, as it could be setting up nicely for a bullish U-turn on the daily timeframe. First, however, let’s recap where GC is on a longer-term timeframe… On the monthly timeframe chart, GC is in an uptrend and is making higher highs … The post Preparing for a Bullish Break in Gold Futures appeared first on Josh Daily Direction.
The Right Way to Set Up Your Charts
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 The Right Way to Set Up Your Charts appeared first on Josh Daily Direction.
The Right Way to Manage Risk
Hello, Daily Direction readers! We’ve reached Friday, which means it’s time to wrap up another trading week, unwind over the weekend, and prepare to start all over again on Monday! One of the best ways to prepare for the trading week is to go over some of the key facts that support my methodology. The … The post The Right Way to Manage Risk appeared first on Josh Daily Direction.
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