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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 …
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Happy Thursday, Daily Direction readers! Today we’re searching for opportunities to trade gold futures (GC)! We’re following our timeframe charts and looking for opportunities to buy the GC. The daily timeframe continues to move through the buy zone, indicating that the market is set to provide us long trade opportunities. The GC also broke the counter …
The post Now’s the Time for You to Make This Trade….
Happy Tuesday, Daily Direction readers! Today we’re actively looking for opportunities to trade gold futures (GC)! Both the long-term and short-term directions are up for this market, meaning we’re following our timeframe charts and looking for opportunities to buy the GC. The daily timeframe is in an up Fibonacci extension, meaning the market is in a position …
The post Why This Trade is Pure Gold appeared first on….
Happy Friday, Daily Direction followers! The Nasdaq 100 E-mini (NQ) is finally breaking into the buy zone! We’ve been out of the market for the past few days as we waited for it to leave the sell zone. Now that the NQ is very clearly trying to break into the buy zone, we can prepare our …
The post It’s Almost Time to Jump into This Market appeared….
It’s Monday, fellow traders! It’s time to get our trading strategy in place and actively look for buying opportunities in the E-Mini Russell 2000 futures market (RTY). The long-term direction and short-term directions for the market are both up. That means the market is moving through the buy zone, making higher highs and higher lows as …
Trendlines are drawn on charts to link a set of prices or help identify the best-fit data The resulting graph gives the investor a clear indication of where the investment’s worth may be headed.
A trendline is drawn either above or below a low price pivot to illustrate a trend Downtrends reflect a visual cues and support/resistance in every timeframe Those indicators display market course and trends through times of price decline
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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….