Which Way Will the Markets Go?

Click here to view this email in your browser.  To read today's edition of Josh's Daily Direction on our website with updated charts and graphics, Click Here. Good evening, Daily Direction readers!   Finding market patterns is one of the most crucial aspects in developing a good trading strategy. It's tough to uncover profitable opportunities in a market without a defined direction. While markets differ, the facts that underpin market trends are universal. We'll have the best chance of making a winning trade if we can find the proper market with the right conditions. No matter what you've heard, anticipating market direction isn't that complicated. And if you're looking for another way to grow your trading account, be sure to check out what my friend Anthony Speciale is working on! Recommended Link:   Don't Kill The Messenger…   But If you have 150k or less saved up for retirement, you'll be hard pressed to grow that fast enough using conventional methods — to stay ahead in this crazy world! You need a better, faster way to wealth… An opportunity to double it. Then double it again to $600k. Maybe even double it one more time to $1.2 million. Now you're finally on solid ground. Click here to see this revolutionary new program that gives you the chance to do exactly that… Finding The Direction Finding the long-term direction of a market is one of the most important actions we must take before discovering opportunities to trade. We use a monthly timeframe to see if a particular market is in a positive or negative trend. We use trend lines to see the overall direction of a futures market. While there are ups and downs within a market, we can still see if there's a general, long-term trend. With our trendlines in place, we can see if a market is moving up or down. A market with a long-term upward direction is likely to give us good opportunities to buy low and sell high in the short term. But before we do that, we need to establish two more important parts of our trading plan. Weekly Prep How to Enter the Market on Counter Trend Line Breaks Everything You Need To Know About Market Candlesticks Are You Reading Your Charts Correctly? Trading Longer Time Frames vs Shorter Time Frames Tutorial How to Draw Market Trend Lines Properly for Beginners The Buy-In Strategy Once we find a market with a long-term upward trend, we move to our daily timeframe to confirm the high and low prices. If the daily timeframe shows the market at a low price within a positive trend, it's time to look at the one-hour timeframe to prepare our buy-in strategy. The one-hour timeframe is where we look for buying opportunities within a market. It's how we to decide if it's time to buy the market at a low price and wait to sell it once it reaches our high price limit. The individual details vary depending on the market we're trading, but timeframe charts always guide our trading plan! For a full picture of how futures trading actually works, be sure to check out this bonus article I wrote!   The Bottom Line Understanding long-term and short-term market directions allows us to plot a course toward the next buying opportunity for almost any market. Thus, while we adjust our charts to individual trading conditions, the core principles are essentially universal. Our monthly timeframe tells us if a market is in an up channel, the daily timeframe lets us know if the market is at a high or low price, and the one-hour timeframe helps us decide when to buy or sell the market. Finding market direction is the most important part of a successful trading strategy. With this information, you're ready to start plotting a course to trading success! But don't do it alone. I'm here to offer my knowledge and experience to help you get there!  Keep On 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. For our full disclaimer, visit: Here   Unsubscribe   NOFT Traders | 20 North Orange Avenue, Unit 1100 Orlando, Florida 32801 © 2021 Traders Innovation LLC. All Rights Reserved         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. 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