Traders Daily Direction
Your daily compass for market direction. Key levels, momentum shifts, and actionable setups before the bell rings.
581 posts published
Posts — Page 40
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.
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.
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.
How to Spot a Change in a Market’s Direction
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, though the one-hour is showing signs of dropping below the bottom of the channel. We’ve followed the GC market all week as it gave us a good turnaround after dropping from a high price. Now, … The post How to Spot a Change in a Market’s Direction appeared first on Josh Daily Direction.
Are You Reading Your Charts Correctly?
Good morning, Traders! It’s Thursday, and that means it’s time for an in-depth look into a critical part of my trading strategy. Today, I’m going to give you a crash course in candlesticks and tick values so you can learn more about how I use my charts to find trading opportunities in the futures markets. I … The post Are You Reading Your Charts Correctly? appeared first on Josh Daily Direction.
When the Short-Term Direction Shifts Up, Here’s What to Do
Happy Wednesday, Daily Direction readers! It’s time to take a look at the gold futures market (GC) again as the short-term direction is now up!. We recently talked about how we were out of the GC thanks to the market hitting our limit. Now, the price has dropped toward the bottom of the channel and is … The post When the Short-Term Direction Shifts Up, Here’s What to Do appeared first on Josh Daily Direction.
Why Long and Short Term Directions Matter
Happy Tuesday, Daily Direction readers! Today we’re waiting for gold futures (GC) to give us a new entry, as we’ve hit our limits in the market. The long-term direction remains up for the GC, but the short-term direction is now considered down, meaning we’re following our timeframe charts and waiting for the market to get back … The post Why Long and Short Term Directions Matter appeared first on Josh Daily Direction.
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