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 thursday, 2022 12 29
News at 8.30am, 11am EST
Note: Friday being a short day, tonight’s update is the last one this year. We hope you had a good trading year, and we also hope we were able to help you in our humble ways. We’ll continue the good work in 2023! Happy New Year and mindful trading!
Indexes: shorts in progress, RTY breakout trade setup
Currencies: ready to pursue 6J to the upside
Commodities: standing by
Financials: shorts in progress on ZB/ZN, target on weekly!
Agriculturals: ZS, ZC, ZL longs setting up and/or in progress
FOR THE TRADING DAY OF WEDNESDAY, 2022 12 28
No News.
Note: “light volumes may result in distortions” we said yesterday, and today we had some examples for that (see video for details)
Indexes: short setups, NQ looks best
Currencies: ready to pursue move 6J upside
Commodities: SI 240min bullflag, HG, GC moved as expected
Financials: shorts in progress on ZB/ZN, target on weekly!
Agriculturals: ZS, ZC longs setting up and/or in progress
FOR THE TRADING DAY OF TUESDAY, 2022 12 27
News 8.30am
Note: light volumes may result in distortions
Indexes: waiting for next setup
Currencies: ready to pursue move 6J upside
Commodities: SI 240min bullflag, HG daily bullflag, GC, CL expecting upside, RB 1R completed
Financials: shorts in progress on ZB/ZN, target on weekly!
Agriculturals: looking for upside triggers on ZS, ZC
FOR THE TRADING DAY OF WEDNESDAY, 2022 12 22
News 8.30am
Indexes: waiting for next setup
Currencies: DX short setup, 6E/6S long setups
Commodities: further longs expected on GC/SI/CL
Financials: first bearflag on 240min: weekly likely in control
Agriculturals: ZS monitoring for long
FOR THE TRADING DAY OF TUESDAY, 2022 12 21
News 8.30AM.
Indexes: shorts done, waiting for next setup
Currencies: excellent work on 6J
Commodities: good long on GC. SI on the move. CL expected to move up, based on 240min
Financials: first bearflag on 240min: weekly likely in control
Agriculturals: shorts off the list, ZS monitoring for long
FOR THE TRADING DAY OF TUESDAY, 2022 12 20
News 8.30AM.
Indexes: shorts in progress
Currencies: DX expected to turn up, 6J long may not trigger, MBT short triggered
Commodities: GC/SI monitoring, CL timeframe conflict
Financials: standing by
Agriculturals: ZC short setup, but no trigger yet
FOR THE TRADING DAY OF MONDAY, 2022 12 19
No News.
Indexes: bearflags on weekly likely in control
Currencies: DX expected to turn up, 6J long setup
Commodities: GC/SI expected to move higher
Financials: standing by
Agriculturals: ZC short setup
FOR THE TRADING DAY OF FRIDAY, 2022 12 16
News at 9.45am
Note: several markets rolling over tonight!
Indexes: watching for consolidation to go short from (e.g. RTY)
Currencies: 6S long setting up
Commodities: standing by
Financials: standing by
Agriculturals: shorts dropped, ZS long setup
FOR THE TRADING DAY OF THURSDAY, 2022 12 15
News at 8.30am, 9.15am EST
Indexes: two major scenarios, standing by for clues
Currencies: longs setting up or in progress on 6A, 6S, 6J, 6B
Commodities: standing by
Financials: standing by
Agriculturals: ZL short setup
FOR THE TRADING DAY OF WEDNESDAY, 2022 12 14
News at 10.30am EST. Also: FOMC on Wed 2pm EST, an expected catalyst.
Notes: several brokers raised margins temporarily. No video tonight, and no positions planned in this session. We’ll plan our moves after the dust settles. Expect increased volatility if deciding to hold positions around the news release.
Indexes: price rejection/potential failure test at the top of range on Tues. 1R hit on YM. Sudden reversal on Tue: a strongly bearish hint.
Currencies: long setups on 6A, 6S, 6J, 6B
Commodities: GC/SI move as expected
Financials: standing by
Agriculturals: ZW short setup
FOR THE TRADING DAY OF TUESDAY, 2022 12 13
News at 8.30am EST. Also: FOMC on Wed 2pm EST!
Lighten up tomorrow, leading into Wed 2pm.
Indexes: the ambiguity continues: YM bullish, the others hesitating. Wed 2pm can be a catalyst. Careful!
Currencies: standing by
Commodities: several lessons, see video for details.
Financials: standing by
Agriculturals: ZS 240min potential off the list. Standing by
FOR THE TRADING DAY OF MONDAY, 2022 12 12
No News.
Indexes: consolidation at the bottom of range is extremely bearish after Friday’s price action (RTY already triggered). Keep in mind, ES, RTY are expiring today.
Currencies: 6S, 6B long setups
Commodities: KC 1R on 240min, in progress on daily, CL 1R on daily, GC measured move on 240min/triggering on daily, SI long in progress, HG long in progress on 240min, triggering on daily, NG short off the list for now
Financials: not chasing it
Agriculturals: ZS long in progress on daily or triggering on 240min, ZC/ZW shorts setting up/triggering
FOR THE TRADING DAY OF FRIDAY, 2022 12 09
News at 8.30am EST
Indexes: back in the range, bottom tails indicator there are buyers at this level
Currencies: 6S, 6B long setups, MBT short setup
Commodities: KC short in progress, CL practically a 1R on daily, GC/SI long setups, HG long in progress, NG short setup
Financials: not chasing it
Agriculturals: ZS long in progress
FOR THE TRADING DAY OF THURSDAY, 2022 12 08
News at 8.30am EST (potential catalyst)
Indexes: morning news may trigger a breakdown
Currencies: 6S, 6B long setups, MBT short setup
Commodities: KC, CL shorts in progress, GC/SI long setups, excellent long setup on HG
Financials: not chasing it
Agriculturals: ZS moving up
FOR THE TRADING DAY OF wednesday, 2022 12 07
News at 10.30am EST (CL)
Note: sorry, a weak voice, no video tonight, I’ll try to record my notes in the morning. Focusing on KC and 6S. Waiting for clues on the indexes. (what are clues? a) consolidation/lack of bounce at the low of range=bearish b) strong bounce=bullish c) break to the downside=will wait for first bearflag)
Indexes: testing bottom of range, waiting for clues
Currencies: 6S long setup
Commodities: KC short setup
Financials: standing by
Agriculturals: not chasing ZW, monitoring for bearflag on ZC
FOR THE TRADING DAY OF tuesday, 2022 12 06
Note: USD strength may be effecting several markets (CL, GC)
News at 8.30am EST
Indexes: back in the range, monitoring for a break, up or down
Currencies: DX strength emerges, but long setups still valid on a few major pairs: 6E, 6A
Commodities: CL breaks down, KC short triggering
Financials: standing by
Agriculturals: not chasing ZW
FOR THE TRADING DAY OF MONDAY, 2022 12 05
No News.
Indexes: reason to be long
Currencies: several good long setups on major pairs: 6E, 6A, 6C. Breakout on 6S.
Commodities: GC/SI longs in progress, KC short triggering, HG long setup, CL potential long (but note: no move yet on HO/RB). Note the huge downgap on NG
Financials: standing by
Agriculturals: ZW 1R
FOR THE TRADING DAY OF FRIDAY, 2022 12 02
News at 8.30am, 10am EST.
Indexes: reason to be long, see last night’s video (before the fact)
Currencies: 1R on DX daily, 6E long in progress (240m) or breaking out (daily)
Commodities: great 1Rs on GC/SI, monitoring for more, KC bearflag
Financials: “long setup, may be worth your attention”, we said yesterday, longs in progress today
Agriculturals: ZW bearflag, ZC potential measured move
FOR THE TRADING DAY OF thursday, 2022 12 01
News at 8.30am EST.
Indexes: breakout expected (if not long yet)
Currencies: 1R standing by
Commodities: GC/SI reason to be long, see last night’s video (before the fact)
Financials: long setup, may be worth your attention
Agriculturals: ZL fails but no harm done
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
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.