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 45
This first step is crucial to successful trading
Good Morning, Traders! I’m going to talk about how to find the best futures broker in this edition of the Daily Direction! The way we place transactions in the market is through a brokerage service. The broker is the one who makes all the magic happen behind the scenes when you buy or sell a … The post This first step is crucial to successful trading appeared first on Josh Daily Direction.
This market is almost at its limit
Good morning, Traders! Sometimes a market rises so much that we run out of buying opportunities. And that’s what’s about to happen with the S&P 500 E-mini Futures market (ES). The market is quickly approaching the monthly high price. Once the ES hits the price point of 4460.25, we can expect a bearish turn back … The post This market is almost at its limit appeared first on Josh Daily Direction.
Ready for a bullish run?
Good morning, Traders! The Nasdaq 100 E-mini Futures market (NQ) is in an overall upward trend. The long-term and short-term directions are up as we wait for the market to find support and break bullish into the buy zone. Once we get that push, we’ll be able to buy the NQ for about a +1,000 … The post Ready for a bullish run? appeared first on Josh Daily Direction.
You can’t miss out on this one…
Good morning, Traders! A beautiful opportunity is developing in light crude oil futures (CL). The market has reached a major U-turn level. That means the market is preparing to turn back to the buy zone. And if/when that happens, we’ll be ready to jump in and ride the wave back to the top! The market … The post You can’t miss out on this one… appeared first on Josh Daily Direction.
Do you see the pattern?
Good Morning, Traders! I hope you had a great weekend! As we prepare for another week of trading, I wanted to take a moment and share some of my insights on how to recognize market trading patterns. Being able to spot specific market patterns is crucial to knowing when to buy and/or sell a particular market. But … The post Do you see the pattern? appeared first on Josh Daily Direction.
This is what tells us to buy…
Good morning, Traders! The E-mini Russell 2000 (RTY) is looking strong as the long and short-term directions remain up! The market fulfilled the down Fibonacci extension beautifully, has broken the counter trendline, and is headed to a high price of 2259.9. I mention counter trendlines a lot, and that’s because they’re critical to when and … The post This is what tells us to buy… appeared first on Josh Daily Direction.
Keeping an eye on the gold market…
Good morning, Traders! Gold futures (GC) are experiencing a resurgence, as the market has pushed bullish over the last day only to drop thanks to a bearish correction. But my analysis shows that the GC’s overall direction is still up! I’ve said this before because it’s worth repeating: don’t let a price drop scare you … The post Keeping an eye on the gold market… appeared first on Josh Daily Direction.
What to do when a sell-off is near…
Good morning, Traders! We’re looking at the S&P 500 E-mini futures market (ES). Both the long-term and short-term directions are up, but we’re quickly approaching our monthly high price of 4460.25. Once we hit that price point, we’ll back off ES and wait for a new low price due to a coming sell-off before jumping … The post What to do when a sell-off is near… appeared first on Josh Daily Direction.
Don’t let this market movement scare you…
Good morning, Traders! I’m constantly reminding my students that the market trades in waves. And the Nasdaq 100 E-mini market (NQ) is proving why that’s such an important fact to remember. Right now, the long-term direction for the NQ is up, but the short-term direction is down. I expect the NQ to lose about 1,500 ticks as … The post Don’t let this market movement scare you… appeared first on Josh Daily Direction.
Don’t let risk scare you out of trading!
Good morning, Traders! It’s Monday, and that means another week of making money on the futures market! One of the best ways to prep for the trading week is by reviewing some of the key information that supports my strategy. And one of the issues I hear about from many of my students is the … The post Don’t let risk scare you out of trading! appeared first on Josh Daily Direction.
Ready to trade? Here’s how to get started…
Good Evening, Traders! Trading can be a very lucrative career. Every day, millions of dollars of liquidity moves to different traders and brokers. Futures contracts are some of the most popular options to trade next to stocks and forex. However, to succeed in trading futures, you need the right knowledge to avoid the pitfalls that … The post Ready to trade? Here’s how to get started… appeared first on Josh Daily Direction.
Are you utilizing trendlines correctly?
Good morning, Traders! The S&P 500 E-mini futures market (ES) is in an overall positive trend for both the long-term and short-term. We’re looking for the market to go to 4460.25 as it continues to rise. If you follow my strategy on utilizing counter trendlines, you’re doing pretty well with the ES right now! The … The post Are you utilizing trendlines correctly? appeared first on Josh Daily Direction.
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