Traders Daily Direction
The Latest Scoop On Gold Futures
Good morning, Daily Direction readers! In today’s edition, we’ll follow the gold futures market (GC) as we actively look for opportunities for smart trades! Both the long-term and short-term directions are up for the GC. With a daily Fibonacci extension of 2114.6, there’s an opportunity for plenty of ticks above the current market. Investors are still … The post The Latest Scoop On Gold Futures appeared first on Josh Daily Direction.
Looking Back So We Can Move Forward
Hello, Daily Direction readers! We’ve reached the middle of the trading week! It’s time to step back, look at where we’ve been and where we’re going over the next couple of days. To do that, we need to discuss some of the fundamentals of the futures market. Futures are just that: contracts for buying and … The post Looking Back So We Can Move Forward appeared first on Josh Daily Direction.
Waiting on the NQ to Turn Around
Good morning, Daily Direction readers! We’re looking at the Nasdaq 100 E-mini futures market (NQ) today as we continue to monitor some very fascinating market events. With everything going on in Europe right now, we all know that Wall Street investors are keeping a careful eye on the news cycle. As things progress, staying true to our … The post Waiting on the NQ to Turn Around appeared first on Josh Daily Direction.
Getting Ready for a Move in Gold Futures
Good morning, Daily Direction readers! Today we’re watching gold futures (GC) as the market could be pushing through the short-term down trendline. If/when that happens, we’ll look for opportunities to trade the market. With all of the volatility we’re seeing in the market, keeping to our strategy is of the utmost importance. Investors are watching the latest headlines, … The post Getting Ready for a Move in Gold Futures appeared first on Josh Daily Direction.
Don’t Let the Market Data Overwhelm You
Good Morning, Traders! You’ve made it to another Friday. Congratulations! Today, I want to teach you what indicators and setups I use when preparing my charts. I know it can get a bit confusing when dealing with all the data for trading, so I wanted to pause for one moment and give you some solid info … The post Don’t Let the Market Data Overwhelm You appeared first on Josh Daily Direction.
The Right Way to Make Trading Less Difficult
It’s Thursday, Daily Direction readers! If you’re a subscriber to my Daily Direction email, you’ll notice numerous important indicators down the right-hand column as you read this newsletter. These simple symbols offer a quick snapshot of how our selected futures market performed for the day. Daily Direction’s purpose is to provide you with the knowledge … The post The Right Way to Make Trading Less Difficult appeared first on Josh Daily Direction.
The Key to Finding Trading Opportunities
Hello, Daily Direction readers! We’ve made it to the halfway point in another trading week! That means it’s time to review some of the basic aspects of our strategy. I know that things seem pretty complicated right now, with the increased volatility and the serious headlines in the news. But as long as we focus on … The post The Key to Finding Trading Opportunities appeared first on Josh Daily Direction.
The Long-Term Outlook for the Nasdaq
Good morning, Daily Direction readers! We’re taking a look at the Nasdaq 100 futures market (NQ) today as we continue to watch the current selloff. While we’re out of the NQ right now, our data shows signs of a rally in the long-term outlook. Currently, the market is retracing off of the monthly timeframe toward a known level of … The post The Long-Term Outlook for the Nasdaq appeared first on Josh Daily Direction.
The Right Way to Leverage Our Strategy in the Current Market
Good morning, Traders! As volatility forces the markets to sway back and forth amid the ongoing geopolitical issues reported in the current news cycle, it’s important to remember how to use our timeframe charts properly. While our strategy isn’t complicated, it can be intimidating for new traders. And it’s true that those zig-zagging lines can be … The post The Right Way to Leverage Our Strategy in the Current Market appeared first on Josh Daily Direction.
Are You Properly Managing Trading Risk?
Good morning, Daily Direction followers! Friday has arrived! We’ve had a hectic trading week with lots of intriguing market action. We can now take a breather as we wrap up this week and prepare for the next. Now’s a good time to look back on how we did this week and get ready for the … The post Are You Properly Managing Trading Risk? appeared first on Josh Daily Direction.
Why These Lines on Our Charts Are So Important
Good morning, Traders! Many of my students ask to learn more about the lines that run across my timeframe charts. Those candlestick charts are what show price movement within a market. And each move, or tick, has a certain value. That’s how we figure out which markets will give us a profitable trade! Reading a timeframe … The post Why These Lines on Our Charts Are So Important appeared first on Josh Daily Direction.
Getting Caught up for the Rest of the Trading Week
Hello, Daily Direction readers! Today is Wednesday. We’ve made it to the middle point of the trading week, so now it’s time to talk about some of the fundamentals of trading. I’m going to focus on some of the basics of futures contracts and how we trade them. Taking on futures trading can turn into … The post Getting Caught up for the Rest of the Trading Week appeared first on Josh Daily Direction.
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