| To read today's edition of Josh's Daily Direction on our website with updated charts and graphics, Click Here.
Good morning, Traders! I'm pretty excited about what's happening with the E-mini Russell 2000 (RTY)! It was hard to make the call that the RTY was about to sell off because we have a bullish upchannel. But my data showed that the sell-off was on the way. Now we just wait for the price dip to U-turn off support and move back into a bullish rally.
We stayed disciplined, ignored our emotions that told us to buy, and the sell-off happened just as my strategy predicted!
That's what makes my system so great. It teaches you to trust the data and greatly increases your chances of making winning trades. Thanks to my strategy, we avoided losing money in the RTY! And you can see it in action for yourself by following along as I make trades every day.
Now let's take a look at the RTY timeframe analysis and see when we can expect the market to move into the buy zone again: While the overall direction of the RTY is up, we see signs that a sell-off is well underway. When looking at the daily timeframe chart, we see that the market is headed for the bottom of the channel (bottom grey line). Though it looked like the market was trying to U-turn back to the top, our chart history shows that only happens when the price touches support. The long-term direction for the RTY is up
The one-hour timeframe reveals a sell-off for the RTY
We're expecting the RTY to U-turn off support and bounce back toward a bullish push
That's why following my strategy will help you avoid making rash decisions that could cost you money. It sticks to the data and leaves emotions outside of the equation. To learn more about how I use my strategy to predict future price movement, check out this article I wrote.
The one-hour timeframe analysis confirms what the daily timeframe is telling us. The RTY is clearly in a sell-off and headed for the bottom of the channel. We should expect the price to continue dropping until it U-turns off support and shows signs of returning to the buy zone. But remember that this doesn't mean we should be upset about this price drop. We like lower prices when we know that the overall trend for the market is up! That gives us an opportunity to buy at a low price and wait for the market to rally. You can read more about how that all works out here. The long-term direction for the RTY is up, but the short-term trend is down as the market sells off to a lower price. But this is an opportunity to buy the RTY at a lower price within an overall bullish trend! We'll need to focus on our timeframe charts and wait for the market to return to the buy zone. But don't jump in all alone. I'm here to help you realize your money-making potential in futures trading. Leverage my knowledge for your own gain. 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, You carry it around like George Clooney, in that movie 'Up in the Air'. The impossible weight of life and trading - all in one backpack. Why not unburden yourself? Don't just set the baggage aside. Get rid of it all together. It can't weigh you down if it's not there to pick up again. This goes especially for trading. Learn from the losses, the bad entries, and the late exits. Then get rid of them.
Burn that baggage.
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. |
Rabu, 14 Juli 2021
July 14 | Why remaining disciplined pays off
Langganan:
Posting Komentar (Atom)






Tidak ada komentar:
Posting Komentar