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
Note: IB 1 = inside bar (daily), IB 2 = two consecutive inside bars. Data supplied by Remek! Inside Bar.
FOR THE TRADING DAY OF THURSDAY, 2023 11 30
News at 8.30am ET
Indexes: No new information.
Currencies: Long on MBT. 1R on 6S, 6E long in progress.
Commodities: HG triggered. Long setup on KC.
Financials: flat
Agriculturals: flat
FOR THE TRADING DAY OF WEDNESDAY, 2023 11 29
News at 8.30am, 10.30am (energies) ET
Indexes: No new information. Horizontal consolidation, expected to break to the upside. YM sliding. Note the volatility compression on daily RTY, which may lead to an upside break.
Currencies: Long on MBT. 6S, 6E longs in progress.
Commodities: 1R on GC, further upside expected on GC, SI on daily. Look for longs if still flat. HG triggered. Long setup on KC.
Financials: flat
Agriculturals: flat
FOR THE TRADING DAY OF TUESDAY, 2023 11 28
News at 10am ET
Note: no new information, no video necessary. Extremely important sessions continue.
Indexes: Expecting a move to the upside, on the 10am news if not sooner. You should already be long and trailing existing positions. Note the volatility compression on daily RTY, which may lead to an upside break.
Currencies: Long on MBT. 6S long setup looks best. 6C, 6N moving.
Commodities: longs in progress on GC, SI. Look for longs if still flat. HG long setup.
Financials: flat
Agriculturals: flat
FOR THE TRADING DAY OF Monday, 2023 11 27
News at 10am ET
Note: See intraday folder for GC 1R
Indexes: likely to develop into a slide along the Keltner as markets likely to test all time highs. You should already be long and trailing existing positions.
Currencies: Long on MBT. DX bearflag, 6S long setup looks best.
Commodities: longs in progress on GC, SI. Look for longs if still flat. HG long setup.
Financials: flat
Agriculturals: flat
FOR THE TRADING DAY OF wednesday, 2023 11 22
News at 8.30am, 10.30am ET
Indexes: managing longs, see comments about RTY, YM in video
Currencies: Long on MBT.
Commodities: Monitoring for longs on GC, SI.
Financials: flat
Agriculturals: flat
FOR THE TRADING DAY OF TUESDAY, 2023 11 21
News at 10am. FOMC at 2pm! (held on a Tuesday due to Thanksgiving week).
Indexes: managing longs
Currencies: long 6E. 1R on DX. Long on MBT.
Commodities: “Breakout setup on daily HG” (yesterday), 1R today.
Financials: ZB long triggered
Agriculturals: ZL breakout setup
FOR THE TRADING DAY OF MONDAY, 2023 11 20
Note: Thanksgiving week in the US, the mood tends to be bullish around this time of the year. Add to that the technically very bullish setups on our index charts, and you’ll know what we expect this coming week. The usual risk management rules must be in place.
Join us on Monday at 4.15pm ET!
Indexes: Expecting upside move, to test all time highs. You should be long already.
Currencies: monitoring 6E for a long. Long on MBT.
Commodities: looking for long on GC. Breakout setup on daily HG
Financials: ZB expecting a move to the upside
Agriculturals: flat
FOR THE TRADING DAY OF FRIDAY, 2023 11 17
News at 8.30am
Indexes: tight consolidation, no selloff. Expecting upside move, to test all time highs.
Currencies: monitoring 6E. Long on MBT. Not in a rush.
Commodities: “looking for longs on GC, SI” - that was yesterday. 1R on GC today. “Monitoring for short on CL”- that was yesterday. 1R on CL today.
Financials: flat
Agriculturals: flat
FOR THE TRADING DAY OF THURSDAY, 2023 11 16
News at 8.30am, 9.15am ET
Note: only change since yesterday: HG, CL. No video necessary.
Indexes: managing longs
Currencies: monitoring for long on 6E. Long on MBT
Commodities: looking for longs on GC, SI, potential breakout on HG. Monitoring for short on CL.
Financials: flat
Agriculturals: flat
FOR THE TRADING DAY OF WEDNESDAY, 2023 11 15
News at 8.30am ET, 10.30am (CL)
Indexes: stellar work: 1R
Currencies: major shift
Commodities: looking for longs on GC, SI
Financials: flat
Agriculturals: flat
FOR THE TRADING DAY OF TUESDAY, 2023 11 14
News at 8.30am ET (expected catalyst!)
Indexes: no new information. But the situation continues to be IMPORTANT! There’s reason to be long.
Currencies: flat
Commodities: flat
Financials: flat
Agriculturals: flat
FOR THE TRADING DAY OF MONDAY, 2023 11 13
No News.
Indexes: upside breakout in progress. Testing of all-time highs likely. Historic opportunity.
Currencies: Expecting USD (DX) strength. Looking for shorts on 6E, etc.
Commodities: KC stopped out. CL/RB short setups.
Financials: flat
Agriculturals: flat.
FOR THE TRADING DAY OF FRIDAY, 2023 11 10
News at 10am ET
Indexes: upside breakout failed, but bullflag still valid. Can the bears seize control? Ready to go long again on an upside break.
Currencies: short setup on 6E
Commodities: Long in progress on KC. CL/RB short setups.
Financials: flat
Agriculturals: flat.
FOR THE TRADING DAY OF thursday, 2023 11 09
News at 8.30am ET
Note: no new information on the indexes, no video necessary. Note the short setup on 6E, and the further long potential on BTC/MBT.
Back in the morning, focus on the indexes, and 6E if you trade that.
Indexes: no new information, expecting a move to the upside, reason to be long, agressively long.
Currencies: short setup on 6E
Commodities: Long in progress on KC. 2R on CT. HG long setup off the list. CL: no flag, no trade.
Financials: missed a long trade, not a tragedy.
Agriculturals: 2-sigma move on ZW, standing by.
FOR THE TRADING DAY OF wednesday, 2023 11 08
News at 10.30am (energies)
Indexes: long on the indexes
Currencies: flat
Commodities: Long in progress on KC. 1R on CT. Long setup on HG. Monitoring for short on CL daily.
Financials: flat
Agriculturals: flat
FOR THE TRADING DAY OF tuesday, 2023 11 07
News at 8.30am ET
Indexes: no new information since yesterday
Currencies: Long setups forming on 6A/6N.
Commodities: Long in progress on KC. Short in progress in CT. Breakout setup on HG (see video for lessons!).
Financials: flat
Agriculturals: flat
FOR THE TRADING DAY OF MONDAY, 2023 11 06
Note: join us at 12noon ET, product launch workshop! If you don’t own The Standalones, not to be missed.
No News.
Indexes: focusing on the indexes: this could be the most important week of the year (from a trading viewpoint): can the bulls keep control? Are we on our way to test the highs (ES, NQ, YM)? But first: expect some consolidation.
Currencies: Long on BTC/MBT. Expecting long setups on 6A/6N.
Commodities: Long in progress on KC, mind the rollover! Short setup on CT. Breakout setup on HG.
Financials: flat
Agriculturals: flat
FOR THE TRADING DAY OF FRIDAY, 2023 11 03
News at 8.30am (expect a catalyst)
Note: one look at the Market Scanner Pro, and you’ll see: lots of colour, markets are moving.
Indexes: bulls in charge, can they keep control?
Currencies: DX sideways, standing by. Long on BTC/MBT.
Commodities: long setup on GC/SI. NG wakes up. Long setup on KC, short setup on CT.
Financials: flat
Agriculturals: flat
FOR THE TRADING DAY OF THURSDAY, 2023 11 02
News at 8.30am, 10am ET.
Indexes: bulls have a chance
Currencies: short setups dropped. Long on BTC/MBT.
Commodities: long setup on GC/SI. NG wakes up.
Financials: flat
Agriculturals: ZL, ZC 1Rs
FOR THE TRADING DAY OF Wednesday, 2023 11 01
News at 8.30am, 10am ET. FOMC at 2pm ET.
Indexes: news expected to be catalyst. Expecting bulls to retake control (or least the bearflags to fail)
Currencies: short setups/trades in progress on 6E, 6B. 6S 1R. Reason to be long on BTC/MBT.
Commodities: standing by on metals. NG wakes up.
Financials: flat
Agriculturals: ZL, ZC shorts 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.