For educational purposes only. No information on this page constitutes investment advice. By accessing this page you agree to the Terms and conditions.
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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 WEDNESDAY, 2022 11 30
News at 8.30am EST.
Indexes: NQ simple bullflag may be turning into complex bullflag. Monitoring!
Currencies: standing by
Commodities: SI/GC longs setting up, CL potential measured move for agressive bulls
Financials: standing by
Agriculturals: ZL, ZS long setups/triggers
FOR THE TRADING DAY OF TUESDAY, 2022 11 29
News at 10am EST.
Indexes: expect consolidation at this level. If long, manage trade for a win, less than 1R okay.
Currencies: DX-6E contradiction, standing by
Commodities: SI/GC excellent longs setting up!
Financials: ZB/ZN longs triggering, but prefer skipping them (see weekly timeframe conflict)
Agriculturals: standing by
FOR THE TRADING DAY OF MONDAY, 2022 11 28
No News.
Note: Low volume expected. Exercise caution. Also: workshop at 12noon, link in the morning!
Indexes: longs in progress, aim for 1R
Currencies: MBT breaking down, DX good short setup, 6A/6E good long setups (as always, insist on trigger!)
Commodities: SI/GC longs setting up
Financials: ZB/ZN longs triggering, be content with 1R
Agriculturals: standing by, note: ZW is breaking down
FOR THE TRADING DAY OF WEDNESDAY, 2022 11 23
News at 8.30am ET
Note: Thursday market closed, Friday limited session.
Happy Thanksgiving to traders in the USA! We’ll be back Sunday night.
Indexes: longs in progress
Currencies: MBT breaking down, DX short setup, 6A/6E long setups
Commodities: SI long setting up
Financials: ZB/ZN longs triggering
Agriculturals: standing by
FOR THE TRADING DAY OF TUESDAY, 2022 11 22
No News. Be aware of Thanksgiving Week trading hours and considerations.
Indexes: ready to participate in an upside move (for a 1R)
Currencies: MBT short in progress
Commodities: GC/SI longs setting up. Dramatic reversal on CL.
Financials: bullflags setting up, ready for a potential 1R
Agriculturals: ZL long setup
FOR THE TRADING DAY OF MONDAY, 2022 11 21
News at 10am ET
Note: see both Friday’s and today’s video as we prepare for Thanksgiving Week
Indexes: ready for an upside break?
Currencies: 6J volatility compression, MBT breaking down, DX short setup, 6A/6E long setups
Commodities: NG short, GC long setting up
Financials: bullflags setting up, ready for a potential 1R
Agriculturals: standing by
FOR THE TRADING DAY OF friday, 2022 11 18
News at 10am ET
NOTE: AN IMPORTANT EVENING/SESSION MAKE SURE YOU WATCH TONIGHT’S VIDEO!
Indexes: ready for an upside break?
Currencies: 6J volatility compression, MBT likely to move where indexes go, DX short setup, 6A/6E long setup
Commodities: studyin CT/ZS. HG looking for long
Financials: standing by
Agriculturals: standing by
FOR THE TRADING DAY OF THURSDAY, 2022 11 17
News at 8.30am (POTENTIAL CATALYST)
Indexes: volatility compression expected to break out. Up or down, that is the question. Keep an eye on 8.30am ET
Currencies: 6J volatility compression, MBT likely to move where indexes go
Commodities: GC monitoring for long, SI triggered long. HG looking for long
Financials: standing by
Agriculturals: standing by
FOR THE TRADING DAY OF wednesday, 2022 11 16
News at 8.30am, 9.15am ET
Indexes: further upside expected (news may have effected the markets today).
Currencies: MBT short setup
Commodities: SI triggered long,
Financials: standing by
Agriculturals: ZL, ZS longs
FOR THE TRADING DAY OF TUESDAY, 2022 11 15
News at 8.30am ET
Indexes: YM likely to test previous pivot from Aug 16.
Currencies: short setup on DX
Commodities: SI triggered long, HG long setup. NG short setup. CT off the list. CL off the list.
Financials: standing by
Agriculturals: ZL long setting up, ZS monitoring for trigger on daily, ZC short setting up
FOR THE TRADING DAY OF mONDAY, 2022 11 14
No News.
Indexes: YM likely to test previous pivot from Aug 16.
Currencies: standing by
Commodities: monitoring for long setups on 240min SI/GC. HG did break out, looking for next setup. NG short setup. CT monitoring for a breakout. CL looking for long.
Financials: standing by
Agriculturals: ZL flat, ZS monitoring for trigger on daily
FOR THE TRADING DAY OF friday, 2022 11 11
News at 10am ET
Indexes: a giant upmove out of the blue, the market broadcasting to us who’s the boss here… YM to test recent pivot is a valid long setup. We’ll have to see if the bulls can hold on to their control.
Currencies: standing by
Commodities: long setups on 240min SI/GC. HG did break out. Careful on NG, on a Friday.
Financials: no tradeable setups, standing by
Agriculturals: ZL bullflag on 240, 78 likely to be tested
FOR THE TRADING DAY OF thursday, 2022 11 10
News at 10.30am ET
Indexes: new shorts setting up or triggering.
Currencies: standing by. Another selloff on MBT. DX bullflag on weekly intact.
Commodities: long setups on 240min SI/GC. HG likely to break to the upside.
Financials: standing by
Agriculturals: ZL bullflag on 240, 78 likely to be tested
FOR THE TRADING DAY OF Wednesday, 2022 11 09
News at 10.30am ET (CL). Election night, be ready for surprises on the charts.
Indexes: new shorts setting up, but for now, standing by. Watching YM.
Currencies: standing by. 8 SD move on MBT
Commodities: accumulation lesson on SI. Watching HG.
Financials: ZN/ZB monitoring for new shorts
Agriculturals: flat
FOR THE TRADING DAY OF TUESDAY, 2022 11 08
No News. Election Day in the USA: caution advised.
Indexes: new shorts setting up (except for YM, which, so far, marches on in loneliness)
Currencies: standing by
Commodities: CL/HO/RB further longs expected.
Financials: ZN/ZB shorts triggering
Agriculturals: trailing runner on ZL
FOR THE TRADING DAY OF Monday, 2022 11 07
No News
Indexes: new short setting up
Currencies: standing by
Commodities: CL/HO/RB long setups or longs in progress
Financials: ZN/ZB shorts triggering
Agriculturals: ZL runner approaching 78 on daily, ZS long in progress on 240min
FOR THE TRADING DAY OF friday, 2022 11 04
News at 8.30am
Note: we have a long trigger on MBT, but we ignore it due to the observed correlation between bitcoin and the indexes. We don’t want to go long on bitcoin when the indexes are breaking down. (this is just one example why even the most algorithmic trading approaches need a discretionary touch.) Note that the LONG trigger in Market Scanner Pro and the long trigger on the MBT 240min chart is the same signal.
Indexes: shorts in progress
Currencies: 6A, 6J, 6C, 6E short setups
Commodities: CL/HO/RB long setups or longs in progress
Financials: ZN/ZB shorts triggering
Agriculturals: ZL 1R and more, ZS long setting up on 240min
FOR THE TRADING DAY OF thursday, 2022 11 03
News at 8.30am
Indexes: look for shorts if not short yet
Currencies: 6A, 6J, 6C, 6E, 6S short setups
Commodities: CL/HO/RB long setups or longs in progress
Financials: ZN/ZB shorts triggering
Agriculturals: ZC stopped out, ZL long in progress, ZS 1R, ZW stopped out
FOR THE TRADING DAY OF wednesday, 2022 11 02
News at 10.30am, 2pm FED ET
Note: we scale back on FED days. No new positions planned (especially intraday) before 2.30pm ET after the dust settles. 2pm ET announcement expected to be a catalyst in several asset classes (indexes, currencies, bonds). Expect increased volatility Wed afternoon, tighten stops on open positions. Excellent conditions in energies and grains.
Indexes: standing by
Currencies: 6A, 6J short setups, but not in a hurry
Commodities: CL/HO/RB long setups and/or longs in progress
Financials: ZN/ZB shorts setting up
Agriculturals: ZC triggering, ZL long in progress, ZS 1R, ZW long in progress
FOR THE TRADING DAY OF TUESDAY, 2022 11 01
News at 10am ET
Indexes: further upside expected
Currencies: 6A short
Commodities: CL/HO/RB long setups, GC short setup
Financials: ZN/ZB shorts setting up
Agriculturals: ZL long in progress. ZC, ZS longs setting up, ZW upgap
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.