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Actionable market insight for technically motivated directional traders
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I'm new to this. Where do I start?
Start with the Documentation. See link above. Then you may want to read through the documentation of our software products to see how we go about interacting with the markets.
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When is this page updated?
We update this page, with our plan and outlook for the next trading day, by midnight Eastern Time prior to every trading session on the US futures markets. We provide a morning brief for the day's trading session around 8am Eastern Time. We also post updates as necessary during the day, starting with a "Morning brief" pre-session, Eastern Time.
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Your charts are too big for me
This is the most frequent comment we receive. Consider the following:
a) It's important to ask the question: why do we want to trade a given timeframe. If because that's where our edge is, fine. But if we want to trade a timeframe because that's what we think is the only thing we have money for, we're in trouble. We have to pick timeframe not based on our wishes, but on where our verified edge is.
b) Ok, is there some good news?
Yes, lots:
- With us, you'll be trading with an edge. (Without an edge, there is no point in risking a single dollar on the markets.)
- Now, most of our trades are intraday trades, the 240min timeframe still being six times less than a day.
- Also, many of our 240min trade ideas can be adapted to even smaller timeframes by simply waiting for the next pullback on the lower timeframe (LTF) after the 240min trigger.
- Also, many of our trade ideas are on currency futures. On relatively small accounts, they can be executed on forex, which allows more granular risk management.
- Many of our trade ideas can also be executed on ETFs: say, GLD for a GC trade or TLT for bond futures.
- Finally, on smaller accounts trades can be executed with micro contracts (MES, MGC etc.). While some will say "that way you can't make money", our answer is: but one will learn to fish, and that's worth all the money!
It is clear our service allows the capital accumulation process to be implemented on any reasonably-sized account. -
What do "technically motivated" and "directional" mean?
Technically motivated traders make trading/investing decisions based on what price has done in the past. We, as technically motivated traders, do not normally include macroeconomic or fundamental factors (e.g. a given company's financials) into our thinking. We hold the view that patterns can be uncovered in price behaviour alone that have predictive value.
Directional traders expect price to move up or down. For directional traders to make money, price needs to move. Note: there are non-directional trading styles as well, although those are beyond the scope of our focus on these pages.
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Miscellaneous notes
- Make sure you read the Documentation, become familiar with our Market Scanner, and follow the markets every day to build intuition to make best use of this service.
- We tend to scale back activities on the indexes leading up to FOMC releases, while being aware that the FOMC news release can often serve as a catalyst. We also stay out of intraday trades 10 minutes before and after of major news releases.
- We're often wrong. After all, we work with probabilities, and this work is all about the future, the yet unknown. We judge our work not by how many times we're right or wrong, but - to paraphrase one of the best traders of all time - by 'how much we make when we're right and how much we lose when we're wrong'.
Please note: instead of the live trade rooms, we’ll upload one edited video about an important aspect of successful trading weekly or as warranted, solely for Premium subscribers. Send in your comments or questions you’d like to be covered in this new video series. Put “Premium videos” in the subject line. Thanks!
Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
US Futures at a glance
FOR THE TRADING DAY OF friday, 2022 09 30
News 8.30am
Indexes: ready to short on breakout
Currencies: 6J, MBT short setups
Commodities: cross-currents on several markets
Financials: flat for now
Agriculturals: long setup on ZC. ZW triggering
FOR THE TRADING DAY OF thursday, 2022 09 29
News 8.30am
Indexes: waiting for next setup. Short bias
Currencies: standing by
Commodities: standing by
Financials: flat for now
Agriculturals: long setup on ZC. ZW triggering
FOR THE TRADING DAY OF wednesday, 2022 09 28
News 8.30am, 10.30am EDT
Note: extremely favourable conditions in several asset classes!
Indexes: reason to be aggressively short while respecting our stops
Currencies: further shorts setting up, or triggering
Commodities: CL, HO shorts in progress, GC/SI short setups
Financials: meltdown continues
Agriculturals: standing by
FOR THE TRADING DAY OF Tuesday, 2022 09 27
News 8.30am, 10am EDT
Indexes: lack of price rejection, ready to short on a breakdown
Currencies: 6S 1R, 6J short setting up
Commodities: KC 1R, CL, HO shorts in progress, shorts expected on HG, GC
Financials: meltdown continues
Agriculturals: standing by
FOR THE TRADING DAY OF Monday, 2022 09 26
No News.
Indexes: expect mean reversion
Currencies: 6S short setting up, otherwise expect some consolidation on the DX
Commodities: GC monitoring for further short, HG/NG/CL shorts in progress, KC monitoring for long
Financials: expect a little pause here
Agriculturals: ZS stopped out, ZW long setup on 240min
FOR THE TRADING DAY OF friday, 2022 09 23
News at 9.45am EDT
Indexes: ready to short (if not short yet)
Currencies: the best shorts may be behind us, expect some consolidation
Commodities: GC short re-entry justified, HG monitoring for short, KC upside move expected, HO, NG expecting short trigger/setup
Financials: expect a little pause here
Agriculturals: ZW 1R, ZS, ZC longs valid, monitoring ZL
FOR THE TRADING DAY OF thursday, 2022 09 22
News at 8.30am EDT
Indexes: ready to short (if not short yet)
Currencies: DX 1R, 6E 1R, 6J 1R, 6A 1R, 6B 1R …
Commodities: GC short re-entry justified, HG monitoring for short
Financials: downtrend/slide continues
Agriculturals: ZW 1R, ZS, ZC longs valid
FOR THE TRADING DAY OF wednesday, 2022 09 21
News at 10am, 2pm FOMC: expect increased volatility, potential market mover
Indexes: standing by, A large move is possible either way.
Currencies: DX strength continues, short setups on several major pairs: 6A, 6E, 6J
Commodities: GC short setup (SI contradiction no longer)
Financials: downmove as expected on ZB
Agriculturals: ZW, ZS longs in progress
FOR THE TRADING DAY OF tuesday, 2022 09 20
News at 8.30am EDT Note: FOMC starts: expect sideways market on Tue and Wed morning, with markets moving at 2pm on Wed. Small accounts, short term trades, stay out until the dust settles.
Indexes: staying out till after 2pm Wed. A large move is possible either way.
Currencies: DX long move expected, monitoring major pairs for shorts, MBT short does NOT look good.
Commodities: CL short setup on daily (but I will skip it). GC-SI contradiction
Financials: expect further shorts, slide along the Keltner makes new entries difficult. Trail behind previous day’s low if in short trade already.
Agriculturals: ZW, ZS monitoring for breakout to the upside
FOR THE TRADING DAY OF Monday, 2022 09 19
No News
Indexes: standing by
Currencies: DX long move expected, monitoring major pairs for shorts, MBT short setup
Commodities: CL short setup on daily
Financials: expect further shorts
Agriculturals: ZW, ZS monitoring for breakout
FOR THE TRADING DAY OF friday, 2022 09 16
News at 10am EDT
Indexes: great day yesterday. The norm is to expect mean reversion, but be on the lookout for a further breakdown
Currencies: DX long, major pairs shorts setting up or in progress, MBT short
Commodities: GC 1R hit
Financials: shorts setting up or in progress
Agriculturals: ZC long abandoned
FOR THE TRADING DAY OF thursday, 2022 09 15
News at 8.30am, 9.15am EDT
Indexes: consolidating at the low of yesterday’s large move: not exactly a bullish sign: we’re ready to short on a breakdown
Currencies: DX blew off weekly overextension and is on the move up: 6E, 6N short setting up
Commodities: GC short in progress
Financials: shorts in progress
Agriculturals: ZC long on daily in progress. ZC long on 240min setting up
FOR THE TRADING DAY OF wednesday, 2022 09 14
News at 8.30am, 10.30 (CL) EDT
Indexes: if not short, wait for next setup, do not chase the market
Currencies: 6J 1R hit
Commodities: GC short in progress
Financials: shorts in progress
Agriculturals: ZC long on daily
FOR THE TRADING DAY OF tuesday, 2022 09 13
News at 8.30am EDT (potential catalyst)
Indexes: monitoring, it could go both ways upon the news
Currencies: 6J short setup
Commodities: GC short setup, SI 4 STD move today
Financials: shorts in progress
Agriculturals: ZC 1R hit
FOR THE TRADING DAY OF monday, 2022 09 12
No News
Indexes: looking for short entries off the 240min or daily
Currencies: exhaustion, a little consolidation expected on the DX. 6A, 6B, 6J are setting up for another short.
Commodities: GC short setup,
Financials: shorts in progress
Agriculturals: ZC long in progress.
FOR THE TRADING DAY OF Friday, 2022 09 09
No News
Indexes: looking for short entries off the 240min or daily
Currencies: exhaustion, a little consolidation expected on the DX. 6J may be setting up for another short. Taking a breather.
Commodities: GC short setup, HG pattern lesson
Financials: shorts in progress
Agriculturals: ZC long in progress.
FOR THE TRADING DAY OF thursday, 2022 09 08
News at 8.30am EDT
Indexes: stopped out from ES short. Monitoring for bearflag on daily
Currencies: stopped out from short on 6E. Expecting consolidation on weekly DX, standing by.
Commodities: CL shorts in progress
Financials: shorts in progress
Agriculturals: ZC long triggered.
FOR THE TRADING DAY OF wednesday, 2022 09 07
News at 8.30am EDT
Indexes: short in progress
Currencies: shorts in progress or have hit 1R
Commodities: GC, CL shorts in progress
Financials: shorts in progress
Agriculturals: ZC long setup
FOR THE TRADING DAY OF tuesday, 2022 09 06
No News
Indexes: ready to pursue 240min bearflags if triggered.
Currencies: DX breaks out, monitoring for triggers on major pairs (6E, 6J, 6N, MBT)
Commodities: GC hits 1700, monitoring for a retest. Monitoring for short on CL
Financials: shorts in progress (limited follow-through)
Agriculturals: ZC long setup
FOR THE TRADING DAY OF friday, 2022 09 02
Note: study in various stages of pullbacks: CT, KC, NG, ZC, and how Market Scanner Pro helps
News at 8.30am EDT
Indexes: expect consolidation on daily (long weekend ahead)
Currencies: DX breaks out, good shorts on major pairs. 6J hits 1R
Commodities: GC hit 1R
Financials: shorts in progress
Agriculturals: ZC long setup
FOR THE TRADING DAY OF thursday, 2022 09 01
News at 8.30am, 10am EDT
Indexes: 1R hit on ES, monitoring for bearflag on daily
Currencies: DX strength continues, short setups or shorts in progress on most major pairs (see video for details).
Commodities: GC short in progress, SI slides.
Financials: shorts in progress
Agriculturals: ZC long in progress.
Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.