Don’t miss this picture-perfect trade!

Good morning, Traders!

I hope everyone had a great weekend and you’re ready to start off another week full of money-making trades!

If you missed it, check out my special weekend edition of the Daily Direction that lays out the futures markets we’ll follow this week.

Today, we’re focusing on the Nasdaq 100 (NQ) as we prepare to find profitable trading opportunities to kick off our week.

Right now, the NQ is doing a fantastic job of keeping its overall direction up. The timeframe charts are picture-perfect as the market enters the buy zone. Both the daily and one-hour charts continue to rise. All we have to do now is watch as the price enters the buy zone!

Now let’s look at our charts and analyze our trading setup:Daily Timeframe Analysis

The daily timeframe shows an overall up direction for the NQ. Support is holding (lower gray line in the below chart), and the market continues to move bullish towards resistance (long green arrow to the right).DAILY TIMEFRAME

The direction within the daily timeframe is up

1-HR TIMEFRAME

The current direction for the one-hour timeframe is up

THE BOTTOM LINE

The NQ market’s U-turn direction is up

Chart the channel

The direction for the NQ daily timeframe remains up as resistance holds (lower grey line) and the price moves up toward resistance (long green arrow)

The next up Fibonacci fulfillment is 14895.50, a +5700 tick movement! Remember, each of those positive tick movements means money to be made in the NQ market. Now we should turn to the one-hour timeframe to check out possible entries into the NQ futures market.One-Hour Timeframe Analysis

The one-hour timeframe for the NQ is picture-perfect! The market has entered the buy zone (first short green arrow below the grey bottom line).

We’re just waiting for the market to break the counter trendline (diagonal grey line) so that we know the price is starting to head up within the buy zone. 

Don’t forget: we want to buy at a low price after the market breaks through the trend line and starts to move upward again! That allows us to make money as the price goes up.

Chart the channel

The one-hour NQ timeframe is picture-perfect! The market is in the buy zone and poised to break through our trend line (grey diagonal line) as it turns bullish on its way up.

The key to the NQ right now is not forcing the trade. Remember that the market trades in waves. We buy low as the overall price moves up. This setup is golden, and we just need to be patient as the price begins a new rally.The Bottom Line

The overall direction for the NQ is up! If we’re patient, we’ll see the price rally bullish and present an opportunity to buy into the market and make money! We’ll watch the price as it makes waves towards a new high price, using our timeframe charts to find the best times to buy and sell.

The Bottom Line

The direction for the NQ futures market is up. We’ll watch our timeframe charts to find the best possible entries and make money on the way to the top!

You now have what you need to start trading the NQ futures market, so why hesitate? Now’s your chance to start making money with winning trades. I’ll show you how to do it no matter your level of experience, even if it’s zero!

Keep On Trading,

Mindset Advantage: Move On

You know the feeling when a bad trade comes back to the forefront of your mind?

In an instant, a calm morning is now haunted by the specter of a terrible trading session from ages ago. Just when you thought you would never, ever, ever find yourself in that situation again.

It’s time to move on. Sure, mistakes happen, but the key to getting past errors and losses is to embrace them. Own them and take them as they are. After all, they’re yours.

But then be sure to move on. Your future is brighter than your past.Traders Training Session

Recognizing market patterns

Tips on How to Recognize Market Trading Patterns

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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