| To read today's edition of Josh's Daily Direction on our website with updated charts and graphics, Click Here.
Good morning, Traders! Light crude oil futures (CL) are trading beautifully, with a textbook example of a counter trendline break playing out. As the market continues to push through the buy zone, we can expect a +400 tick movement to develop.
For a while, the CL was in a descending trend. But as you'll see in the timeframe analysis, the market has broken out of that rut and headed to a new high price.
To learn more about how market patterns work, check out this article I wrote that explains it all!
If this massive bullish move continues, we could have ample opportunity to make money with light crude oil futures!
To see how the CL is rallying, let's jump into the timeframe analysis: We're at a low price in the buy zone, according to our daily timeframe analysis of the CL. The market has U-turned off support and is heading toward fulfilling the up Fibonacci extension. The CL is making higher highs and higher lows as the bullish rally continues to grow.  The direction within the daily timeframe is up for CL
The short-term direction of the market is up as the CL rallies to a new high price
 The CL has U-turned off support and moved into the buy zone
 We're at a low price in the buy zone, according to our daily timeframe analysis of the CL. We'll take this information and turn to the one-hour timeframe to look for opportunities to buy the market. Remember that we use the daily timeframe to find our high and low prices while we use the one-hour to implement our entry strategy!
Before you take a look at the one-hour timeframe chart, be sure to read up on the differences between long-term and short-term timeframes.
The up trendline is clear when you take a look at the one-hour timeframe chart for the CL (bottom grey line). We can clearly see where the market has repeatedly U-turned off that line and gone into a rally (dark green arrows). There was a massive selloff toward the far right end of the chart that broke the trendline, but it eventually resulted in the current trend we're seeing.  The market has broken the counter trendline quite nicely (diagonal grey line on the right) and entered the buy zone The market has broken the counter trendline quite nicely (diagonal grey line on the right) and entered the buy zone. Now we just use the one-hour timeframe to execute our buy-in strategy at low prices within the buy zone! The CL is in an impressive bullish rally now, and there's plenty of money to be made. But do you know how to do it? Here's the info you need to jump in and get started with futures.
It would be wise to follow your timeframe charts and keep a lookout for chances to trade the CL. Remember that we buy at low prices within the buy zone and watch as the market continues to rally! The CL is in an impressive bullish rally now And as you watch the CL rally push higher and higher, now is the time to get the tools and knowledge you need to become a real futures trader. I'm here to help you realize your money-making potential in futures. Just follow along as I reveal the crucial aspects of my trading strategy that will allow you to become a profitable futures trader! Keep On Trading,  If you're not breathing, you're not focused. If you're not focused, you can't see the market. Opportunities slide by in an instant. Hazards reveal themselves only when it's too late. You need to breathe. Breathing exercises have proven to reduce stress and increase focus. Sure, you're already breathing if you read this. But when you trade… you need a breathing regimen. Whatever it is: Through your nose, out your mouth counting to 10 or 100. Find a method and routine that works for you. You'll find balance, clarity and focus when you trade. Your heart rate will come down and you'll just feel better. Try it. And enjoy your trading. 
Stay tuned for my next edition of Josh's Daily Direction.
And if you know someone who'd love to make this a part of their morning routine, send them over to https://joshsdailydirection.com/ to get signed up!
There is a very high degree of risk involved in trading.
NOFT Traders | 20 North Orange Avenue, Unit 1100 Orlando, Florida 32801
THIS MATERIAL IS OFFERED FOR EDUCATIONAL AND GENERAL INFORMATIONAL PURPOSES ONLY. NO INVESTMENT ADVICE OFFERED.
This is an advertisement for online information courses, workshops, classes and other educational programs relating to finance and investing. It is not an advertisement for investment advice. Pursuant to FTC regulations and federal law, Traders Agency, LLC intends for the information in this advertisement to be truthful and not misleading. Accordingly, any and all readers of this advertisement (this means you) are fully informed that none of the information, material, or courses that Traders Agency, LLC offers constitute investment advice as defined by the SEC and by federal law. These materials do not take into account a subscriber's (this means your) particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation (this means to you) for the purchase or sale of any security or investment strategy. Under SEC regulations and federal law, the purchase, sale, or advice regarding any security, other financial instrument or system can only be performed by a registered/licensed industry representative such as, but not limited to, a registered investment advisor. It is very important to do your own analysis before making any investment based on your own personal circumstances. Investing involves substantial risk and results are not guaranteed.
Neither Traders Agency, LLC nor its principals or affiliates are registered investment, legal, or tax advisors or broker/dealers. Traders Agency, LLC is not registered with the SEC or licensed as an investment adviser. We do not offer investment or financial advice. Individual subscribers (this means you) are solely responsible for confirming the accuracy and appropriateness of the provided information for their own uses with their personal tax, finance, or legal advisor.
INVESTING INVOLVES RISK, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. RESULTS ARE NOT GUARANTEED. |
Tidak ada komentar:
Posting Komentar