Good morning, Traders! Today we’re taking a look at gold futures, specifically the GC market. Both the long-term and short-term directions are up for gold. The market is now on the backside of the old down trendline, with a bullish reaction just around the corner. What does that mean for traders like you? Read today’s … The post Is this your next golden trade opportunity? appeared first on Josh Daily Direction.
Good Evening, Traders! I hope you had a great holiday weekend! As we prepare for another week of trading, I wanted to take a moment and share some of my insights on how to use a time-tested formula for growth. If implemented correctly, this formula will help you expand your trading account! While you aren’t going to … The post Are you ready to follow the path to better trades? appeared first on Josh Daily Direction.
Good morning, Traders! The RTY is blasting off like a rocket toward the top of the channel! We got the counter trendline push just as I expected. The market is headed upward toward the 2325.00 price point within the one-hour timeframe. But we could see the market run out of opportunities if it stays on … The post Time is running out for this trade setup appeared first on Josh Daily Direction.
Good morning, Traders! The Nasdaq 100 E-mini Futures market (NQ) is rocking and rolling right now! The one-hour timeframe broke above the current up channel, gave us a clear counter trendline break, and is on its way to 16072.25! What does that all mean? Well, follow along in today’s Daily Direction to find out! Both … The post This market is rocking and rolling! appeared first on Josh Daily Direction.
Good morning, Traders! We’ve made it through another month. Congratulations on working so hard to become a successful futures trader! Now, take a quick moment to catch your breath. Leave your past trading mistakes behind and prepare for a fresh start. Ready? Let’s go! Today we’re focusing on the Nasdaq 100 E-mini Futures market (NQ). … The post Leave your bad trades behind this month appeared first on Josh Daily Direction.
Good morning, Traders! Today I’m focusing on light crude oil futures (CL), as the market has broken the down trendline, entered the buy zone, and is moving toward our up Fibonacci extension. Both the long-term and short-term directions are up, so this is a great time to watch the CL for buying opportunities! Remember that … The post Important things are happening with this trade! appeared first on Josh Daily Direction.
Good morning, Traders! The E-mini Russell 2000 (RTY) is giving us a bit of a bearish push as the market retraces to a lower price. But since the long-term direction is up, we can expect the market to U-turn and head back up toward the 2325.0 price point for our Fibonacci extension. That means we’ll have … The post Why lower prices are so helpful appeared first on Josh Daily Direction.
Good morning, Traders! Today we’re back to following light crude oil futures (CL) as the market’s direction for both the long-term and short-term are up. The CL is pushing to a new high price of 82.69. we have a ways to go before we reach that up Fibonacci extension, so there’s plenty of opportunities in … The post An opportunity for an excellent trade appeared first on Josh Daily Direction.
Good morning, Traders! Well, the Nasdaq 100 E-mini futures market (NQ) is now up for both the long-term and short-term directions, just as I predicted. If you missed my initial analysis of the NQ, be sure to check it out now! The market closed above resistance and is now headed for the 16072.5 up Fibonacci extension. … The post My prediction was on target! appeared first on Josh Daily Direction.
Good morning, Traders! The Nasdaq 100 E-mini futures market (NQ) is entering the buy zone and setting up to give us opportunities to enter the market! The market is now above resistance. So long as it stays that way, both the long-term and short-term directions for the NQ will remain up. We’ll see movement toward … The post Don’t miss this buying opportunity appeared first on Josh Daily Direction.
Good morning, Traders! I hope you enjoyed your weekend! As we prepare for another week of trading, I’d like to share some of my thoughts on how to apply a tried-and-true development strategy. This method, if used correctly, will aid in the growth of your trading account! While you won’t win every transaction, you can make sure … The post Are you tracking your trades correctly? appeared first on Josh Daily Direction.
Good Evening, Traders! If you’ve been following along as I trade, you know that I use a lot of charts as I make trading decisions in the futures markets. 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 … The post What you need to know about charts appeared first on Josh Daily Direction.
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