The Daily Direction (2024)

18/11/2022

One of the first steps in becoming a successful futures trader is making sure you have a good broker that can help you utilize your trading strategy. Keep in mind that every broker has their pros and cons. Some will have certain benefits that outshine others, while some will have glaring negatives that you should …

The post Can Your Futures Broker Answer These 8 Questions? appeared first on Josh Daily Direction .

One of the first steps in becoming a successful futures trader is making sure you have a good broker that can help you utilize your trading strategy. Keep

17/11/2022

As regular readers know, the Russell 2000 (RTY) futures market just loves to consolidate. Even with all of the volatility hitting the markets lately, the RTY daily time frame has traded inside of its sideways channel for several months now. But on the hourly time frame, we have identified an up channel and a known …

The post RTY Heads Toward a Known Level of U-Turn appeared first on Josh Daily Direction .

As regular readers know, the Russell 2000 (RTY) futures market just loves to consolidate. Even with all of the volatility hitting the markets lately, the

16/11/2022

I share my top trade setups whenever I have a big, new idea for the market. And to invite a global audience, I provide the core chart and discussion on my TradingView page. This week, I’m turning back to the crude oil (CL) futures market again, as it continues to show a lot of upside potential. …

The post This Week’s Idea: CL Daily Up Trend appeared first on Josh Daily Direction .

I share my top trade setups whenever I have a big, new idea for the market. And to invite a global audience, I provide the core chart and discussion on

15/11/2022

Markets have rallied over the past few sessions as various data points are starting to show that inflation is cooling. However, keep in mind that while inflation may be down from its recent peak, it is still historically elevated. That’s keeping interest rates high as well, and it’s going to be hard to call a …

The post Why I’m Still in the Bearish Camp appeared first on Josh Daily Direction .

Markets have rallied over the past few sessions as various data points are starting to show that inflation is cooling. However, keep in mind that while

14/11/2022

The major stock & futures markets put in a strong bullish rally last week following Thursday’s weaker-than-expected CPI reading. S&P 500 (ES) futures jumped 5.8%, while Nasdaq 100 (NQ) futures gained 8.8%. With that move, these markets jumped above the short term down trend lines we were watching. However, we have now updated our analysis, …

The post Nasdaq Futures Form a New Down Channel appeared first on Josh Daily Direction .

The major stock & futures markets put in a strong bullish rally last week following Thursday's weaker-than-expected CPI reading. S&P 500 (ES)

13/11/2022

We’ve got a lot going on this week here at Traders Agency, and we want you to be there with us! Register for one of this week’s strategy sessions to learn more about our premium research services. See below for our full calendar of events… Traders Agency Live Webinars Tuesday, Nov. 15 Insider Effect Live …

The post What Our Top Analysts Are Up To This Week appeared first on Josh Daily Direction .

We've got a lot going on this week here at Traders Agency, and we want you to be there with us! Register for one of this week's strategy sessions to learn

11/11/2022

If you’ve been following my trading strategy, you’ll know that I rely heavily on timeframe charts to make futures trading judgments. So today, I want to teach you about the indicators and setups I use when preparing my charts. Dealing with all of the data for trading might be difficult, but properly setting up my …

The post Are Your Charts Set for the Week Ahead? appeared first on Josh Daily Direction .

If you've been following my trading strategy, you'll know that I rely heavily on timeframe charts to make futures trading judgments. So today, I want to

10/11/2022

We’ve been looking for bullish trades in the Russell 2000 (RTY) futures market for a while now. However, it is right in the middle of its hourly up channel, which puts the index in an odd position. Entering a long idea means there is risk towards the bottom of the channel. And entering a short …

The post Waiting for the Right Setup in RTY appeared first on Josh Daily Direction .

We've been looking for bullish trades in the Russell 2000 (RTY) futures market for a while now. However, it is right in the middle of its hourly up

09/11/2022

BTC futures (BTC) got rocked yesterday after news broke about a potential liquidity crunch at digital currency exchange FTX. The market swung wildly throughout the day, but BTC ultimately ended lower by a whopping 13%. The market closed just above the $18,000 level, but I continue to believe that there is further downside in store. …

The post BTC Breaks the Counter Trend Line? appeared first on Josh Daily Direction .

BTC futures (BTC) got rocked yesterday after news broke about a potential liquidity crunch at digital currency exchange FTX. The market swung wildly

08/11/2022

Like it or not, the price of crude oil dictates the prices that we see throughout much of the economy. Take shipping, for example. When crude oil prices rise, it means the trucking companies that deliver goods across the country have to pay more to fuel their fleet. Those increased costs are then passed down …

The post Two Paths Forward for Crude Oil appeared first on Josh Daily Direction .

Like it or not, the price of crude oil dictates the prices that we see throughout much of the economy. Take shipping, for example. When crude oil prices

07/11/2022

The last time we talked about the S&P 500 (ES) futures market, it was bumping up against a short term down trend line. We understood that this was a known level of U-turn and explained that it could send the market lower again. Well, that’s exactly what happened… The market U-turned lower after touching the …

The post S&P 500 Futures Set Up for a Breakdown appeared first on Josh Daily Direction .

The last time we talked about the S&P 500 (ES) futures market, it was bumping up against a short term down trend line. We understood that this was a

06/11/2022

We’re heading into a new week, and we’ve got a lot of events on deck here at Traders Agency. We want you to be there with us! Check out our live trading sessions on YouTube, or register for one of our strategy sessions to learn more about our premium research services. See below for our …

The post How to Join Us Live This Coming Week appeared first on Josh Daily Direction .

We're heading into a new week, and we've got a lot of events on deck here at Traders Agency. We want you to be there with us! Check out our live trading

04/11/2022

Today, I am going to explain 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 how do we go about figuring out what the market is doing? Well, we rely on our time frame charts to give us …

The post Finding Trading Patterns in Nasdaq 100 Futures appeared first on Josh Daily Direction .

Today, I am going to explain how to recognize market trading patterns. Being able to spot specific market patterns is crucial to knowing when to buy

03/11/2022

Today, I want to follow up on the weekly idea I posted on my TradingView page on Oct. 27. At the time, the Nasdaq 100 (NQ) futures market had just bumped up against resistance at its short term down trend line. This was a known level of U-turn, so we were expecting the market to reverse …

The post Nasdaq 100 Futures Hit the First Target appeared first on Josh Daily Direction .

Today, I want to follow up on the weekly idea I posted on my TradingView page on Oct. 27. At the time, the Nasdaq 100 (NQ) futures market had just bumped

02/11/2022

The Federal Reserve just made its latest interest-rate announcement this afternoon. As expected, the central bank raised the target federal funds rate range by 75 basis points (0.75%) to 3.75%-4%. Markets moved upon the announcement, and there will likely be further gyrations as the press conference with Chair Jerome Powell gets going. Investors and traders …

The post Two Ways to Play RTY Futures appeared first on Josh Daily Direction .

The Federal Reserve just made its latest interest-rate announcement this afternoon. As expected, the central bank raised the target federal funds rate

01/11/2022

I share my top trade setups whenever I have a big, new idea for the market. And to invite a global audience, I provide the core chart and discussion on my TradingView page. As regular readers know, I’ve been watching the crude oil (CL) futures market over the past few days and weeks. It has been …

The post This Week’s Idea: CL Daily Long Idea appeared first on Josh Daily Direction .

I share my top trade setups whenever I have a big, new idea for the market. And to invite a global audience, I provide the core chart and

31/10/2022

Two weeks ago, I shared a potential bullish setup for the crude oil (CL) futures market on my TradingView page. At the time, CL was near a low price and hitting its long term up trend line. But we wanted to see if support was going to hold before looking for long ideas. Well, it …

The post Crude Oil Ready to Make a Bullish Move appeared first on Josh Daily Direction .

Two weeks ago, I shared a potential bullish setup for the crude oil (CL) futures market on my TradingView page. At the time, CL was near a low price and

30/10/2022

We’ve got a lot going on this week here at Traders Agency, and we want you to be there with us! Check out our live trading sessions on YouTube, or register for one of our strategy sessions to learn more about our premium research services. See below for our full calendar of events… Traders Agency …

The post Trade with Top Analysts this Coming Week appeared first on Josh Daily Direction .

We've got a lot going on this week here at Traders Agency, and we want you to be there with us! Check out our live trading sessions on YouTube, or

28/10/2022

I share my top trade setups whenever I have a big, new idea for the market. And to invite a global audience, I provide the core chart and discussion on my TradingView page. This week, I’ve been watching the Nasdaq 100 (NQ) futures market, which has had a strong bullish push lately. However, now that some …

The post This Week’s Idea: NQ Hitting Daily Downtrend Line appeared first on Josh Daily Direction .

I share my top trade setups whenever I have a big, new idea for the market. And to invite a global audience, I provide the core chart and discussion on my

27/10/2022

The S&P 500 (ES) has rallied lately, but it is now hitting a key level of resistance that we need to be aware of. The bulls have been testing that level during the past few trading sessions and are slightly above it right now. However, this is a known level of U-turn, and we are …

The post ES Futures Ready for a Reversal? appeared first on Josh Daily Direction .

The S&P 500 (ES) has rallied lately, but it is now hitting a key level of resistance that we need to be aware of. The bulls have been testing that

26/10/2022

On Tuesday afternoon, Alphabet (GOOGL) and Microsoft (MSFT) reported their latest earnings figures. While the market was looking forward to these reports and bidding stocks higher over the past few days, the numbers weren’t as strong as analysts had hoped for. As a result, both stocks are down by over 5% today and weighing on …

The post RTY Leads as Large Cap Stocks Drop appeared first on Josh Daily Direction .

On Tuesday afternoon, Alphabet (GOOGL) and Microsoft (MSFT) reported their latest earnings figures. While the market was looking forward to these reports

25/10/2022

Markets are up for the third day in a row and showing another big rally this afternoon. The tech-heavy Nasdaq 100 (NQ) futures market is up 1.8% today alone and up almost 12% from the recent low. Investors are looking ahead to important earnings reports from mega-cap technology companies like Microsoft (MSFT), Meta Platforms (META), …

The post Is a Nasdaq 100 U-Turn Ahead? appeared first on Josh Daily Direction .

Markets are up for the third day in a row and showing another big rally this afternoon. The tech-heavy Nasdaq 100 (NQ) futures market is up 1.8% today

24/10/2022

Digital currency futures rallied this past Friday, following the gains in the major US stocks indexes. But while the stock and futures markets shut down for the weekend, the traditional digital currency markets kept gaining. BTC gained fractionally on Saturday and then rallied another 2.9% on Sunday. That led to a higher open for BTC …

The post BTC Bounces, But This Bear Market Isn’t Over appeared first on Josh Daily Direction .

Digital currency futures rallied this past Friday, following the gains in the major US stocks indexes. But while the stock and futures markets shut down

23/10/2022

We’ve got a lot going on this week here at Traders Agency, and we want you to be there with us! Check out our live trading sessions on YouTube, or register for one of our strategy sessions to learn more about our premium research services. See below for our full calendar of events… Traders Agency …

The post What To Look Forward to This Week appeared first on Josh Daily Direction .

We've got a lot going on this week here at Traders Agency, and we want you to be there with us! Check out our live trading sessions on YouTube, or

21/10/2022

Setting goals is absolutely crucial when trading the markets. Because doing so can help you plan a course of action that you’ll need into order to realize those goals. How should you develop a trading goal to begin with, you ask? Well, there’s no one strict way of doing it, of course. It’s a personal …

The post What Kind of Trader Are You? appeared first on Josh Daily Direction .

Setting goals is absolutely crucial when trading the markets. Because doing so can help you plan a course of action that you'll need into order to realize

20/10/2022

I share my top trade setups whenever I have a big, new idea for the market. And to invite a global audience, I provide the core chart and discussion on my TradingView page. The crude oil (CL) futures market has pulled back from its recent highs, but it has found some potential support at its longer …

The post This Week’s Idea: Looking for Longs in Crude Oil appeared first on Josh Daily Direction .

I share my top trade setups whenever I have a big, new idea for the market. And to invite a global audience, I provide the core chart and

19/10/2022

The S&P 500 (ES) futures market is off to a strong start for the week, trading higher by 3.5% in just a matter of days. However, there are now multiple levels of resistance looming overhead. The general trend of the market is still bearish, and the monthly time frame remains in a short term down …

The post ES Futures Break Into the Sell Zone appeared first on Josh Daily Direction .

The S&P 500 (ES) futures market is off to a strong start for the week, trading higher by 3.5% in just a matter of days. However, there are now

18/10/2022

Stocks in the US have been on a wild ride since Thursday morning’s CPI release. The Nasdaq 100 (NQ) gained 2.2% that day, followed by a 3.1% decline on Friday and a 3.4% rally yesterday. Needless to say, the market has been volatile. But with today’s initial rise bringing the NQ up to down trending …

The post Nasdaq 100 Hits Overhead Resistance appeared first on Josh Daily Direction .

Stocks in the US have been on a wild ride since Thursday morning's CPI release. The Nasdaq 100 (NQ) gained 2.2% that day, followed by a 3.1% decline on

17/10/2022

The goal of The Daily Direction is to give you the information you need to make winning trades. And the key to my technique is to keep things as straightforward as possible. That’s why I’ve focused this post on providing the fundamentals of each indicator icon you will see on our time frame charts. Continue …

The post How We Find the Daily Direction appeared first on Josh Daily Direction .

The goal of The Daily Direction is to give you the information you need to make winning trades. And the key to my technique is to keep things as

14/10/2022

Like the broad stock market, digital currency futures tumbled sharply on Thursday morning following the hotter-than-expected consumer price index (CPI) reading. BTC futures were down by over 6% early in the session before turning around and closing mildly in the green On the surface, this looks like a false breakdown that could turn the market …

The post Why the BTC Selling is Not Over Yet appeared first on Josh Daily Direction .

Like the broad stock market, digital currency futures tumbled sharply on Thursday morning following the hotter-than-expected consumer price index (CPI)

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Tuesday	09:00 - 17:00
Wednesday	09:00 - 17:00
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Friday	09:00 - 17:00

The Daily Direction