Traders Daily Direction
Winning sometimes means waiting…
Good morning, Traders! While the long-term outlook for the RTY is positive, we’re expecting a pullback when looking at the short-term analysis for the market. That means it’s time to wait and see what the market does. Whenever a market hits the top of a channel (the upper grey line in a timeframe chart), we can … The post Winning sometimes means waiting… appeared first on Josh Daily Direction.
Daily Direction Indicators
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 need to make … The post Daily Direction Indicators appeared first on Josh Daily Direction.
My strategy is firing on all cylinders with this trade…
Good morning, Traders! The Nasdaq Futures Market (NQ) fulfilled our limit just as I predicted and is now poised for a +4445 tick movement! We had a clear counter trendline break into the buy zone, which led to the market heading right for our limit price of 13974. The main reason this worked so well is … The post My strategy is firing on all cylinders with this trade… appeared first on Josh Daily Direction.
Are you ready to make money this week?
Good Evening, Traders! This week, I’m keeping an eye on the RTY, GC, and the 6S. With the RTY, the daily timeframe is still in an up channel and headed toward the top of the channel. The GC is currently above the counter trendline and working its way up to the Fibonacci extension of 1922.4. That’s … The post Are you ready to make money this week? appeared first on Josh Daily Direction.
Will you be ready for this market shift?
Good morning, Traders! The Nasdaq futures market continues to perform well (NQ). Both the short- and long-term trends are positive. However, we should prepare for a pullback in the near future. Such a pullback/sell-off can be brief, with a swift return to a bullish run. However, there’s the potential that a sell-off may evolve into a … The post Will you be ready for this market shift? appeared first on Josh Daily Direction.
Will the NQ drop or stay the course?
Good morning, Traders! Things continue to look up for the Nasdaq futures market (NQ). Both the short-term and long-term directions are up. But as the market gets closer to the top of the channel, we need to prepare for a retracement. A retracement is simply a temporary drop in market price after a rally. When the … The post Will the NQ drop or stay the course? appeared first on Josh Daily Direction.
It’s time to make some money with the RTY!
Good morning, Traders! I’m currently watching the Russell 2000 (RTY) as the market has bounced off support and is headed toward the top of the channel. This is a great opportunity to make some money before the next sell-off! As the market continues to rise toward resistance, we should keep an eye on the one-hour time frame to … The post It’s time to make some money with the RTY! appeared first on Josh Daily Direction.
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