Good Morning, Traders!
You’ll see several crucial indicators down the right-hand column if you’re following along with my Daily Direction newsletter. These simple symbols provide a brief overview of how our highlighted futures market is performing for the day.
The goal of Daily Direction is to give you the information you need to make winning trades. And the key to my technique is to keep things as straightforward as possible. That is why these indicators are so important when creating a trading strategy for the market.
I’ve focused this post on providing the fundamentals of each indicator icon to helping you understand what they represent and how you can use them in your daily trading setup.
Daily Timeframe Indicators:
The daily timeframe allows us to see the overall direction for a futures market at a day-to-day level:
One-Hour Timeframe Indicators:
The one-hour timeframe gives us an hourly snapshot of a market’s price movement. We use the one-hour timeframe chart to plan our entries:
The Bottom Line Indicators:
The Bottom Line portion of our Daily Direction indicator section gives an overall review of whether the market has made a solid U-turn toward a bullish run or down to a bearish sell-off:
These indicators work best when combined with my full analysis in each of my Daily Direction articles, as they correspond with the market we’re currently following.
They allow you, the reader, to quickly assess the overall direction of the futures markets we trade without having to follow complicated charts and graphs. I hope this informative article helped you better understand how my newsletter works. Be sure to check out my other free resources on futures trading!
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.