Traders Daily Direction
What You Need to Know About My Charts
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 What You Need to Know About My Charts appeared first on Josh Daily Direction.
The 80/20 of Skilled Trading
Hey friend, Let’s see how markets have been moving. The Daily Direction Note: The “mini-comeback” that started last Friday resumed yesterday, with all indexes and most sectors closing in the green. Still, no change in any index directions except the Nasdaq’s short-term direction barely flipping positive. The Daily Nugget Trading is 20% prediction and 80% […]
Trendlines Matter. Here’s Why
Good Morning, Daily Direction readers! I hope you had a great Thanksgiving holiday. It’s Black Friday, and that means the markets are open for half a day today. So, let’s take a moment to review some key trading training that can help you improve your futures trading strategy! If you’ve been following my trades, you’ll … The post Trendlines Matter. Here’s Why appeared first on Josh Daily Direction.
The Most Important Lesson of History
Hey friend, Let’s see how the markets have been moving. The Daily Direction Note: Stocks resumed their advance yesterday, and all index directions are now in the green. Importantly, the Russell 2000 index is also firmly trending upward, showing that smaller names are also a part of this rally. The Daily Nugget History doesn’t repeat, […]
The Right Way to Sell
Hey friend, Welcome to a brand-new trading week. Let’s see how markets have been moving. The Daily Direction Note: All indexes staged a mini comeback last Friday to close higher. As a result both the S&P 500 and the Nasdaq managed to post a winning week – albeit barely. No change in any index directions, […]
Trust This Over the Biased News Media
Hey friend, Let’s see how markets have been moving. The Daily Direction Note: Stocks fell after the latest Fed meeting minutes revealed it expects the banking crisis to tilt the US into a recession later this year (despite data showing inflation is cooling). No change in most directions – except the short-term direction of the […]
Proof that my strategy works…
Good morning, Traders! We just talked about the E-mini Russell 2000 (RTY) and the sell-off I predicted. If you missed that write-up, be sure to check it out here. Now, the RTY has fulfilled our Fibonacci extension and hit the low price at support. Again, just as I said it would! That means we’re ready to … The post Proof that my strategy works… appeared first on Josh Daily Direction.
The Games We Play
Hey friend, Let’s see how markets have been moving. The Daily Direction Note: A mixed but overall flat close for the markets yesterday as we await key inflation figures. No change in any index directions. The Daily Nugget Understand what game you’re playing. There are many different games being played by different market participants. Some […]
This Isn’t Worth It
Hey friend, Here’s how markets have been moving as we move into the middle of the trading week. The Daily Direction Note: A largely flat close yesterday as the market digests earnings season news. No change in any of the indexes’ directions. The Daily Nugget It’s always better to go with the market than against […]
The Market and the Crowd (Not the Same!)
Hey friend, The market defied the naysayers last Friday to close out the week strong. The latest inflation data comes in tomorrow morning – and that will no doubt have a huge influence on where the markets head next. The Daily Direction Note: All indexes closed higher to end last week, with the Russell 2000’s […]
Too Slow…
Hey friend, Time to see how markets have been moving as we start a new, bright trading week. The Daily Direction Note: What a strong close last week – as you can see, all indexes are now firmly in the uptrend. We can thank the debt deal and a comforting jobs report for that. The […]
This Skill Doubles Your Opportunities
Hey friend, Let’s find out the markets have been moving. The Daily Direction Note: Markets closed lower yesterday on fears about falling consumer confidence and chances of a coming recession. Several short-term directions flipped negative. The Daily Nugget Leading stocks can be a powerful indicator of what’s to come. More often than not, the best […]
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