| To read today's edition of Josh's Daily Direction on our website with updated charts and graphics, Click Here.
Sometimes all the puzzle pieces fall in place for a particular market, creating an excellent opportunity for trading. It's like a perfect storm for making money! That's what we're seeing in the Nasdaq 100 (NQ) right now! The long-term and short-term directions are up. The market is hitting support and preparing for an upward bounce toward a major bullish rally. If everything holds together, we could see a +5,441 tick push upward. That's a $10,000 opportunity for traders who can buy four micros at $2 a tick! For more information on how ticks work, check out my training video on ticks and contract sizes. Now let's turn to our timeframe analysis to see how this trade is developing:
A quick look at the daily timeframe shows that the overall market direction is up, with support holding and the price rebounding back toward a higher price (blue arrow). Remember that the purpose of the daily timeframe is to help us confirm the high and low prices for the market's overall direction. We build our strategy around these timeframe charts. And those charts build on one another. That's why it's vital that we always look at our timeframe charts before making a decision to trade.  The direction within the daily timeframe remains positive
 The one-hour timeframe reveals a bullish rally developing
 If support holds, we'll see an upward U-turn
 The NG daily timeframe confirms that the market direction is up as the price rebounds off support (blue arrow). If support holds, we could see an impressive rally develop shortly. Let's turn to the one-hour timeframe to confirm our analysis... As we look at the one-hour timeframe for the NQ, we can see that support is holding beautifully and setting up for an impressive bullish rally. If support can hold and the market pushes through the counter trend line (diagonal grey line), then we could see a +5441 tick bullish movement. That's a significant upward push! Check out the chart below to see what I mean:  The one-hour NQ timeframe is maintaining support at the current level, setting up a potential +5441 tick rally (upward green arrows) Once the market pushes through the counter trend line, it'll be in the buy zone. That's when we'll apply our trading strategy and look to buy into the NQ. This has the potential to be a serious moneymaker! With a possible $10,000 opportunity developing, this is a trade that you'll regret mission out on once the rally starts. As soon as the NQ breaks through the counter trend line, we'll be in the buy zone, and the +5441 tick rally will start to take off. The overall direction for the NQ is up! I'm keeping an eye on this, and so should you. If you want to learn more about how to get into this opportunity, be sure to follow me as I set up my trades and watch the prices rise! We hear the same story time and time again: the money gets made, the profits are amazing. And then it's all given back to the harsh maiden of the market. It's not because the money isn't there to be made. It's often due to good old fashioned greed. Stops get pushed back. Targets get forgotten. That trade made $100… why not turn it into $500 or $1,000? These are the traps that snare 95% of the profit. Take what the market gives you and go about your business. 'Honor thy stop' and your risk reward ratio. Don't take that trade if you don't feel good about it. The ones you don't take, or the ones that you end up stepping out of... those are the ones that keep you on the path to consistent profits!
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!
Keep On Trading, 
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. |
May 7 | A perfect storm for profit? Check this out...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment