Don’t Let Risk Push You Out of the Market

Good morning, Daily Direction readers!

A lot is going on with the Nasdaq 100 E-mini futures market (NQ). And while the current timeframe analysis looks confusing, I’m here to explain the current setup.

The overall long-term direction for the NQ is bullish. But while that’s true, we could see the market fall before it rallies again.

It’s these sorts of setups that discourage new traders. But, if you really dig into the data, you’ll see that we’re setting up for a good opportunity to buy a multi-tick rally.

Right now, we’re expecting the market to push toward the 15300 price point within the daily timeframe. But the market must form a new low before that happens.

Daily Timeframe Analysis

Right now, the NQ daily timeframe has broken the inner up trendline and is in a bearish trend for the short term.

Based on the current research, we should expect the market to form a low and push toward 15300 within the daily timeframe. That would give us a +4454 tick movement.

If traders are looking for a low-risk trade, it would be wise to wait for the daily timeframe to finish its sell-off and return to a bullish trend.

But if you’re willing to take on the risk, turn to the one-hour timeframe to look for low prices within the buy zone.

DAILY TIMEFRAME

The long-term direction is up for the NQ

1-HR TIMEFRAME

The NQ could sell off in the short-term before pushing bullish again

THE BOTTOM LINE

We’re looking for high-risk opportunities to buy the NQ

Learn more about the Daily Direction Indicators here…

Daily timeframe
We’re expecting the NQ to form a low price before pushing toward 15300

Sometimes, taking on more risk is a good thing. It allows us to take advantage of opportunities while waiting for a new trend to develop.

But don’t violate your own strategy to take on more risk. If you’re not comfortable, then just wait until a low risk setup arises. 

I strongly advise you to research how my method may assist you in making better trading decisions in the futures market.

The Bottom Line

While the roller coaster ride continues for the NQ, we’ll keep our eyes open for opportunities to trade.

Volatility shouldn’t scare us out of the market. With a solid strategy that manages risk, we can use our timeframe charts to get an idea of future price direction.

And with our risk properly managed, the door is open for us to make money even when the market can’t seem to make up its mind as to where it wants to go.

The Bottom Line

If you’re ready to start trading the NQ, check out my other trading tips for ideas on how to get started.

As your trading account grows, you can utilize my market expertise to establish your own trading strategy! There’s no reason to do this without some kind of structure.

Keep On Trading,

Mindset Advantage: Stop

If it gives you pause… then pause.

How many times have you plowed into a trade… with second thoughts? Once you enter, your stomach immediately drops – the regret is almost unbearable.

Welcome to trading for millions of retail traders. The very thing that’s supposed to bring the freedom, happiness and financial independence they’ve been hoping for… is making them sick to their stomachs.

Why do something that makes you feel less than awesome? Take a minute. Save your money and your account. Collect yourself… practice, watch the videos, talk to one of our traders and get your mojo.

Simply put… Just stop and only trade when you’re ready. There’s plenty of money to be made out there.

Traders Training Session

Recognizing Market Patterns
Recognizing Market Patterns

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!

Josh Martinez

Josh Martinez

Josh Martinez is an elite Analyst who’s been actively trading the financial markets since 2011. He’s known as one the leading innovative traders in this industry due to his his cutting-edge strategies.

Josh first burst into the scene when he took an initial deposit investment of $500 and turned into over $39,000 in just under 2 years.
Josh’s trading articles have been featured in Your Trading Edge, The FX Street, Trader Planet, Forex Crunch, Trading Pub, and Equities.com.

In addition to trading, Joshua has also trained thousands of traders worldwide. His strategies and systems have helped others find success in the market

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