Traders Daily Direction
These Are the Important Questions You Should Be Asking
Happy Wednesday, Daily Direction readers! It’s officially mid-week, so that means it’s time to focus on an important aspect of my trading strategy that will help you become a better futures trader. When I teach, one of the most repeated questions I hear from students is, “how do I find the best futures broker?” First, the … The post These Are the Important Questions You Should Be Asking appeared first on Josh Daily Direction.
Here’s Another Look at Gold Futures
Happy Tuesday, Daily Direction readers! We’re still keeping a close eye on gold futures. Our price limit for the GC is about to be breached. Once the market reaches 1871.6, we should expect a sell-off. We’ll take a step back once the limit is met, though the sell-off should be temporary. We’re getting close to that … The post Here’s Another Look at Gold Futures appeared first on Josh Daily Direction.
Ready to Start a New Week of Trading?
Good morning, Daily Direction readers! It’s time to start another week of trading. Today, I’ll provide you with a crash course in candlesticks and tick values so you can have a better understanding of how I utilize my charts to discover trading opportunities in the futures markets. Traders frequently inquire about the functionality of my timeframe charts. They … The post Ready to Start a New Week of Trading? appeared first on Josh Daily Direction.
We’re Close to Hitting Our Limit on This One
Happy Friday, Daily Direction readers! Gold futures (GC) are about to hit our price limit! That means we should expect a sell-off once the market hits 1871.6. While we’re still actively buying the market, we’ll take a step back once the limit is reached. We’re oh so close to that limit, meaning the short-term direction is … The post We’re Close to Hitting Our Limit on This One appeared first on Josh Daily Direction.
These Simple Icons Are Critical to Your Setup
Good Morning, Traders! You’ll see several crucial indicators down the right-hand column if you’re following along with my Daily Direction newsletter. These simple symbols provide a brief overview of how our highlighted futures market is performing for the day. The goal of Daily Direction is to give you the information you need to make winning … The post These Simple Icons Are Critical to Your Setup appeared first on Josh Daily Direction.
Waiting for the Next Bullish Push
Good morning, Daily Direction readers! We’re currently out of the Nasdaq 100 E-mini futures market (NQ), as it remains above our limit price. The market hit the very top of the channel, fulfilling the Fibonacci extension. That means the market is too high to buy right now. While the long-term direction is up, the short-term direction is … The post Waiting for the Next Bullish Push appeared first on Josh Daily Direction.
Golden Gains Are Ready for the Taking
Good morning, Daily Direction readers! Our focus is on gold futures (GC) again as the market is poised to make a major movement at any time! Both the long-term and short-term directions for the GC are bullish. We’re actively looking for opportunities to buy the GC market right now. To get more info on my trading … The post Golden Gains Are Ready for the Taking appeared first on Josh Daily Direction.
Don’t Allow Risk to Spoil Your Dreams
It’s Monday, Daily Direction readers! That means it’s time to begin another week of futures trading. Going through some of the critical elements that support my plan is one of the best ways to prepare for the trading week. The risk associated with trading is one of the most prevalent concerns I hear from my students. … The post Don’t Allow Risk to Spoil Your Dreams appeared first on Josh Daily Direction.
This Is How You Beat a False Reversal
Happy Friday, Daily Direction readers! We’re still following the gold futures market (GC) as both the long-term and short-term directions remain up after the market dropped below the bottom of the channel in a false reversal. We’re actively looking for opportunities to buy the GC! We’ve followed the GC market for a while as it gave … The post This Is How You Beat a False Reversal appeared first on Josh Daily Direction.
It’s Time to Prepare for a Market Shift
Good morning, Daily Direction readers! We’re looking at the Nasdaq 100 E-mini futures market (NQ) in today’s Daily Direction. While the long-term and short-term directions for the market are up, it’s approaching the monthly up Fibonacci extension. Once we hit that price point of 16072.25, we should prepare for a larger than normal bearish push back … The post It’s Time to Prepare for a Market Shift appeared first on Josh Daily Direction.
Waiting Is Just Part of the Process
Happy Friday, Daily Direction readers! In today’s Daily Direction, we’ll take a look at the E-mini Russell 2000 market (RTY) as the long-term direction pushes upward. While the market has pushed above the daily resistance, we need to make sure it closes above that mark before looking for opportunities to buy the market. That’s is … The post Waiting Is Just Part of the Process appeared first on Josh Daily Direction.
It’s Time to Work on Multiplying Your Wealth
Good Morning, Traders! As you follow along with my Daily Direction newsletter, you’ll notice some key indicators along the right-hand column. These simple icons are there to give you a quick summary of what our featured futures market is doing for the day. The goal of Daily Direction is to give you the information you … The post It’s Time to Work on Multiplying Your Wealth appeared first on Josh Daily Direction.
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