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 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 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 mONDAY, 2023 07 31
No News.
Indexes: monitoring for further upside. Always be ready for surprises, now that suddenly everybody is bullish.
Currencies: DX strength expected to continue. Monitoring 6E for a short.
Commodities: energies continue up, anti on CT
Financials: standing by
Agriculturals: standing by
fOR THE TRADING DAY OF friday, 2023 07 28
News 8.30am ET
Indexes: not an easy ride, let’s see if the bulls can shake off the selling pressure
Currencies: DX strength, standing by. You may want to look for shorts on major pairs. Monitoring MBT
Commodities: reason to be long on energies, holding GC long
Financials: standing by
Agriculturals: flat
fOR THE TRADING DAY OF THURSDAY, 2023 07 27
News 8.30amET
Note: when markets are good to us, this is what it looks like. Make sure you make the best of these conditions.
Indexes: no new information, reason to be long
Currencies: standing by
Commodities: reason to be long or look for longs on energies, precious metals.
Financials: standing by
Agriculturals: longs in progress on ZC, ZS.
fOR THE TRADING DAY OF WEDNESDAY, 2023 07 26
News 10am, 10.30amET. 2PM: FOMC, tread carefully, but expect an upside break, just not without an attempt to destroy the weak hands.
Indexes: no new information, long on the daily timeframe, expect intraday noise
Currencies: standing by
Commodities: 1R on daily CL. Monitoring for next legs up on CL, HO, RB.
Financials: standing by
Agriculturals: longs in progress on ZC, ZS, tighten stops, do not make these a loser if we can help it.
fOR THE TRADING DAY OF TUESDAY, 2023 07 25
Join us at 12noon ET for our workshop!
News 10am ET, WED 2PM: FOMC!
Indexes: no new information
Currencies: cross-currents, standing by
Commodities: 1R and more on CL, HO, RB rip.
Financials: standing by
Agriculturals: longs in progress on ZC, ZS
fOR THE TRADING DAY OF MONDAY, 2023 07 24
News 9.45am. WED 2PM: FOMC!
Indexes: further upside expected. The question is: when and how. Mind the FOMC on Wednesday! Monitoring YM.
Currencies: cross-currents, long setup on 6E, short on 6J. Scaling back till Wednesday.
Commodities: bullish setups and/or advances on energies. 1Rs on HO, RB
Financials: standing by
Agriculturals: long setups on ZC, ZS. Be mindful of news.
fOR THE TRADING DAY OF FRIDAY, 2023 07 21
News 8.30am, 10am EDT
Indexes: ES bullflag on 240min, but ready to go with an upside break. Note the potential short antis on NQ daily and 240min RTY. YM is strongest.
Currencies: cross-currents, standing by
Commodities: bullish setup on CL, long triggered on HO, RB rips
Financials: standing by
Agriculturals: on the sidelines
fOR THE TRADING DAY OF THURSDAY, 2023 07 20
News 8.30am, 10am EDT
Indexes: 1Rs on the indexes. Look for next long if not long already.
Currencies: 6J monitoring for re-entry, long on 6E, 6B
Commodities: GC look for next long, SI moving up on weekly, bullish setups on energies
Financials: longs in progress on ZB/ZN
Agriculturals: on the sidelines
fOR THE TRADING DAY OF Wednesday, 2023 07 19
Note: all indexes hit our 1Rs, as well as GC. We took a loser on the 6J, holding a long on 6E. Treasuries are triggering long. Expect some consolidation on the indexes tomorrow after today’s moves. We’re on target for the weekly pivots.
News 8.30am, 10.30am (CL)
Indexes: 1Rs on the indexes. Good work.
Currencies: 6J flat, holding long on 6E
Commodities: 1R on GC, monitoring CL, HO for long entries
Financials: long triggering on ZB, and has triggered on ZN
Agriculturals: on the sidelines
fOR THE TRADING DAY OF TUESDAY, 2023 07 18
Indexes: reason to be long. Target weekly pivots.
Currencies: be long or look for long on 6E, 6J
Commodities: monitoring GC, CL, HO for long entries
Financials: long setups, monitoring for trigger
Agriculturals: standing by
fOR THE TRADING DAY OF mONDAY, 2023 07 17
Indexes: look for next long, if not long yet. Target weekly pivots.
Currencies: look for next long on 6E, 6J
Commodities: monitoring GC/SI for long entries, look for next long on energies (HO looks best)
Financials: long setups, monitoring for trigger
Agriculturals: standing by
fOR THE TRADING DAY OF THURSDAY, 2023 07 14
No change since yesterday, no video necessary. Note the many instruments outside the upper Keltner (see Market Scanner Pro). Note GC, ZS.
Indexes: longs in progress. Targeting previou pivots on daily/weekly.
Currencies: longs in progress, 6E hits weekly pivot. 6A hits daily pivot
Commodities: monitoring GC/SI for long entries (SI triggers on weekly)
Financials: standing by
Agriculturals: bullish breakout expected on ZS
fOR THE TRADING DAY OF WEDNESDAY, 2023 07 13
Indexes: longs in progress
Currencies: longs in progress
Commodities: good longs on energies, monitoring GC/SI for long entries
Financials: standing by
Agriculturals: standing by
fOR THE TRADING DAY OF TUESDAY, 2023 07 12
Make sure you watch yesterday’s video, and study today’s charts. These are the moves of the year!
News 8.30am (expect a catalyst to the upside on the indexes), 10.30am (expect a catalyst to the upside on energies)
Indexes: reason to be long. Good analysis about failed bearflag on the ES
Currencies: Long on MBT, long 6E, look for longs on major pairs
Commodities: look for longs on energies
Financials: standing by
Agriculturals: standing by
fOR THE TRADING DAY OF TUESDAY, 2023 07 11
No News.
Indexes: bullish bias, ready to enter long on price action
Currencies: Long on MBT, long 6E
Commodities: good longs on energies, monitoring next move up
Financials: ZN off the list (never triggered)
Agriculturals: standing by
fOR THE TRADING DAY OF MONDAY, 2023 07 10
No News.
Indexes: flat and standing by (typical mid-summer action)
Currencies: Long on MBT, long setup on 6A, 6E (but no clarity on DX)
Commodities: excellent longs in progress on energies
Financials: short setup on ZN
Agriculturals: standing by
fOR THE TRADING DAY OF friday, 2023 07 07
Note: important lesson in the video today
News 8.30am (expected to be a catalyst, and most likely to the upside on the indexes)
Indexes: see lesson in video. Either you’re holding longs (good), or you’re flat (in which case, you’re watching, most likely, the train leave the station: do you want to be on that train?)
Currencies: Long on MBT
Commodities: long setups on energies
Financials: standing by
Agriculturals: standing by
fOR THE TRADING DAY OF THURSDAY, 2023 07 06
Note: little is happening, no video necessary today
News 8.30am, 11am (energies)
Indexes: mid-summer slowdown?, lack of momentum. Holding longs
Currencies: Long on MBT
Commodities: HO monitoring long setup
Financials: standing by
Agriculturals: standing by
fOR THE TRADING DAY OF WEDNESDAY, 2023 07 05
News 2pm EDT FOMC. Standard procedure applies.
Indexes: managing longs, expect volatility on 2pm news.
Currencies: Long on MBT
Commodities: expecting long moves on GC, SI
Financials: standing by
Agriculturals: standing by
FOR THE TRADING DAY OF MONDAY, 2023 07 03
Note: markets close early today and are closed tomorrow. Happy July 4th!
News at 10am ET
Indexes: managing longs.
Currencies: Long on MBT
Commodities: standing by, expecting long moves on GC
Financials: standing by
Agriculturals: ZC an example of ‘everything is possible’
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.