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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 also post updates as necessary during the day (see 'intraday' folder).
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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 TUESDAY, 2023 02 28
News at 8.30am, 10am EST
Indexes: monitoring for short on 240min
Currencies: monitoring for shorts on major pairs: 6E, 6N, 6J (6B off the list)
Commodities: monitoring for long on KC. Lesson on NG
Financials: ZB, ZN monitoring for shorts
Agriculturals: standing by
FOR THE TRADING DAY OF MONDAY, 2023 02 27
News at 8.30am EST
Indexes: Standing by
Currencies: DX moving up, monitoring for short on major pairs: 6E, 6N, 6B
Commodities: monitoring for long on KC
Financials: ZB, ZN monitoring for shorts
Agriculturals: standing by
FOR THE TRADING DAY OF FRIDAY, 2023 02 24
News at 8.30am, 10am EST
Indexes: Standing by, slightly bullish. News may become catalyst.
Currencies: DX moving up, monitoring for short on 6E, 6N
Commodities: HG off the list
Financials: ZB, ZN monitoring for shorts
Agriculturals: standing by
FOR THE TRADING DAY OF THURSDAY, 2023 02 23
News at 8.30am EST
Indexes: Standing by. News may become catalyst.
Currencies: DX moving up, monitoring for short on 6E, 6N1R on 6A, 6C
Commodities: KC 1R, monitoring HG for long
Financials: ZB, ZN short setups
Agriculturals: ZL 1R
FOR THE TRADING DAY OF wEDNESDAY, 2023 02 22
News at 2pm (FOMC!)
Indexes: pattern failure. No damage done. Standing by.
Currencies: DX moving up, monitoring for short on 6E, 6N, 6C, 6A
Commodities: KC 1R, monitoring HG for long
Financials: ZB, ZN shorts in progress
Agriculturals: ZL long in progress, ZS monitoring for long
FOR THE TRADING DAY OF tuesday, 2023 02 21
No News.
Indexes: see video for potential outcomes from these structures
other markets to be updated Monday night
Currencies: DX moving up, monitoring for short on 6E, 6N
Commodities: KC long in progress
Financials: ZB, ZN short setups (breakouts)
Agriculturals: standing by
FOR THE TRADING DAY OF friday, 2023 02 17
No News.
Indexes: pattern failure likely in progress, flat, seen as ‘sideways’ on 240min until further notice
Currencies: DX moving up, monitoring for short on 6E
Commodities: KC long in progress
Financials: ZB, ZN could be turning into a slide
Agriculturals: ZS, ZW monitoring
FOR THE TRADING DAY OF thursday, 2023 02 16
News at 8.30am
Indexes: longs in progress
Currencies: standing by
Commodities: KC triggered, but weak follow-through
Financials: ZB, ZN 1R after all
Agriculturals: ZS, ZW monitoring
FOR THE TRADING DAY OF Wednesday, 2023 02 15
News at 8.30am, 9.15am, 10.30am ET
Indexes: not easy… monitoring for upside break. NQ looks best.
Currencies: standing by
Commodities: KC triggered
Financials: ZB, ZN no follow-through
Agriculturals: ZS, ZW evolving as expected
FOR THE TRADING DAY OF tuesday, 2023 02 14
News at 8.30am ET
Note: apologies for the audio problems in the video.
Indexes: 1: shorts never triggered, so no harm done 2: bulls (seem to be) regaining control 3: consider long on trigger
Currencies: DX bullflag in trouble, standing by. (If you were short on 6E, you had to manage yourself out with a slight loss/breakeven)
Commodities: GC, SI neutral for now (not pursuing shorts). KC bullflag
Financials: ZB, ZN next short setting up!
Agriculturals: ZS, ZW breakout done, long or waiting for trigger
FOR THE TRADING DAY OF monday, 2023 02 13
No News.
Indexes: waiting for clarity (aggressive bears, consider any short triggers from here)
Currencies: DX bullflag, short setup on 6E, 6A, 6N, 6J
Commodities: anti on GC, SI. KC bullflag
Financials: ZB 1R (if you took it)
Agriculturals: potential breakouts on ZS, ZW
FOR THE TRADING DAY OF friday, 2023 02 10
News at 10am EST (potential catalyst!)
Indexes: frustrating day behind us, but the bullish structure is intact
Currencies: DX bullflag, short setup on 6E, 6A, 6N, 6J
Commodities: anti on GC, SI. KC bullflag
Financials: shorts in progress (do not chase it)
Agriculturals: standing by
FOR THE TRADING DAY OF THURSDAY, 2023 02 09
News at 8.30am EST (potential catalyst!)
Indexes: monitor for long entry (if not long yet)
Currencies: DX bullflag, short setup on 6E
Commodities: anti on GC, SI. KC bullflag
Financials: standing by
Agriculturals: standing by
FOR THE TRADING DAY OF wednesday, 2023 02 08
No News.
Indexes: longs in progress
Currencies: standing by
Commodities: anti on GC, SI. KC nice bullflag
Financials: standing by
Agriculturals: standing by
FOR THE TRADING DAY OF TUESDAY, 2023 02 07
News at 8.30am EST.
Indexes: monitoring for trigger out of bullflag on 240min. Pay attention: while any structure may break down, this long setup at this time is an exceptionally good one.
Currencies: anti on the 6E
Commodities: anti on GC
Financials: standing by
Agriculturals: standing by
FOR THE TRADING DAY OF MONDAY, 2023 02 06
No News.
Note: Friday’s session (new release) re-draw the map on several markets (and surprised us e.g. on metals, currencies). On the indexes, we’re focusing on the bullflag and potential long triggers on the indexes after Friday’s consolidation.
Indexes: monitoring for trigger out of bullflag on 240min
Currencies: flat, standing by
Commodities: flat, standing by
Financials: flat, standing by
Agriculturals: flat, standing by
FOR THE TRADING DAY OF friday, 2023 02 03
News at 8.30am
Indexes: great run, expect a little pause here (although we’ve had very strong closes on a few previous Fridays)
Currencies: disappointing ‘hesitation’ on the DX, standing by. BTC surprisingly ‘lazy’.
Commodities: GC dramatic failure at the breakout, back in the range. SI still in the range.
Financials: good bullflags
Agriculturals: standing by
FOR THE TRADING DAY OF THURSDAY, 2023 02 02
News at 8.30am
Indexes: bulls in control, expect the highs to be tested
Currencies: moves as expected. 6B still to come. 6J long not too far gone.
Commodities: GC, SI move as expected
Financials: bullflags and/or breakout trade setups if you trade these markets
Agriculturals: ZC expected to move up
FOR THE TRADING DAY OF wednesday, 2023 02 01
News at 10am, 10.30am (CL), 2pm. FOMC 2pm EST.
Expect increased volatility upon FOMC new release.
Indexes: 2pm news release expected to be catalyst for a move to the upside amidst increased volatility. Position and plan accordingly.
Currencies: major pairs expected to move up. 6S may provide clue.
Commodities: one more long on GC likely. SI expected to break to the upside.
Financials: cautiously bullish, monitoring
Agriculturals: standing by
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.