For educational purposes only. No information on this page constitutes investment advice. By accessing this page you agree to the Terms and conditions.

Remek! Premium

Actionable market insight for technically motivated directional traders

  • I'm new to this. Where do I start?

    Start with the Documentation. See link above. Then you may want to read through the documentation of our software products to see how we go about interacting with the markets.

  • When is this page updated?

    We update this page, with our plan and outlook for the next trading day, by midnight Eastern Time prior to every trading session on the US futures markets. We provide a morning brief for the day's trading session around 8am Eastern Time. We also post updates as necessary during the day, starting with a "Morning brief" pre-session, Eastern Time.

  • Your charts are too big for me

    This is the most frequent comment we receive. Consider the following:


    a) It's important to ask the question: why do we want to trade a given timeframe. If because that's where our edge is, fine. But if we want to trade a timeframe because that's what we think is the only thing we have money for, we're in trouble. We have to pick timeframe not based on our wishes, but on where our verified edge is.

    b) Ok, is there some good news?

    Yes, lots:

    - With us, you'll be trading with an edge. (Without an edge, there is no point in risking a single dollar on the markets.)

    - Now, most of our trades are intraday trades, the 240min timeframe still being six times less than a day.

    - Also, many of our 240min trade ideas can be adapted to even smaller timeframes by simply waiting for the next pullback on the lower timeframe (LTF) after the 240min trigger.

    - Also, many of our trade ideas are on currency futures. On relatively small accounts, they can be executed on forex, which allows more granular risk management.

    - Many of our trade ideas can also be executed on ETFs: say, GLD for a GC trade or TLT for bond futures.

    - Finally, on smaller accounts trades can be executed with micro contracts (MES, MGC etc.). While some will say "that way you can't make money", our answer is: but one will learn to fish, and that's worth all the money!

    It is clear our service allows the capital accumulation process to be implemented on any reasonably-sized account.

  • What do "technically motivated" and "directional" mean?

    Technically motivated traders make trading/investing decisions based on what price has done in the past. We, as technically motivated traders, do not normally include macroeconomic or fundamental factors (e.g. a given company's financials) into our thinking. We hold the view that patterns can be uncovered in price behaviour alone that have predictive value.

    Directional traders expect price to move up or down. For directional traders to make money, price needs to move. Note: there are non-directional trading styles as well, although those are beyond the scope of our focus on these pages.

  • Miscellaneous notes

    - Make sure you read the Documentation, become familiar with our Market Scanner, and follow the markets every day to build intuition to make best use of this service.

    - We tend to scale back activities on the indexes leading up to FOMC releases, while being aware that the FOMC news release can often serve as a catalyst. We also stay out of intraday trades 10 minutes before and after of major news releases.

    - We're often wrong. After all, we work with probabilities, and this work is all about the future, the yet unknown. We judge our work not by how many times we're right or wrong, but - to paraphrase one of the best traders of all time - by 'how much we make when we're right and how much we lose when we're wrong'.

Please note: instead of the live trade rooms, we’ll upload one edited video about an important aspect of successful trading weekly or as warranted, solely for Premium subscribers. Send in your comments or questions you’d like to be covered in this new video series. Put “Premium videos” in the subject line. Thanks!

Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

US Futures at a glance

FOR THE TRADING DAY OF friday, 2022 07 29

Note: a lot of lessons, but very few setups. Be patient. This is normal for the season.

News at 8.30am ET.

Indexes: looking for first bullflag on daily
Currencies: standing by
Commodities: 4 sigma move on SI
Financials:
Agriculturals: bearish setups erased

FOR THE TRADING DAY OF thursday, 2022 07 28

Note: FOMC’s message: this market doesn’t want to go down

News at 8.30am ET.

Indexes: looking for first bullflag on daily
Currencies: standing by
Commodities: GC what could be a failture test.
Financials: looking for shorts on daily
Agriculturals:

FOR THE TRADING DAY OF Wednesday, 2022 07 27

Note: typical mid-summer action continues, few setups, lack of follow-through. Patience is a crucial skill.

News at 8.30am ET, 10.30am (CL), 2pm FOMC (do not be in position at news time on smaller accounts)

Indexes: FOMC news release may be the catalyst.
Currencies: short setups on major pairs: 6E, 6B. MBT short in progress
Commodities: GC, SI shorts setting up.
Financials:
Agriculturals:

FOR THE TRADING DAY OF tuesday, 2022 07 26

Note: typical mid-summer action continues, few setups, lack of follow-through. Patience is a crucial skill.

News at 10am ET (for new users: we do not trade the news. We are flat or with reduced exposure at the time of news.)

Indexes: if the bears want to take this lower, today may be their chance. (Monitoring for their failure.)
Currencies: short setups on major pairs: 6E, 6B. MBT short in progress
Commodities: GC, SI shorts setting up. CL/HO short setups are waning
Financials:
Agriculturals:

FOR THE TRADING DAY OF monday, 2022 07 25

Note: typical mid-summer action continues, few setups, lack of follow-through. Patience is a crucial skill.

No News

Indexes: increased uncertainty with a likely downside resolution based on the weekly
Currencies: standing by
Commodities: HO, CL shorts setting up
Financials:
Agriculturals: ZL, ZC, ZS shorts in progress, but no follow-through

FOR THE TRADING DAY OF friday, 2022 07 22

Note: I’m travelling to Toronto today, there will be no video. Little has changed since yesterday, typical frustrating mid-summer action: range-bound markets, little follow-through. Scale back, and pick the best setups. Agriculturals look best.

News at 9.45am ET

Indexes: we see this as sideways market now
Currencies: DX consolidating, be selective with shorts, if any
Commodities: GC short in progress, but little follow-through
Financials: ZB/ZN ECB rate hike moves US treasuries
Agriculturals: ZL, ZC, ZS shorts in progress

FOR THE TRADING DAY OF thursday, 2022 07 21

Note: at 0:55 in the video it’s “first pullback after the breakout”, of course

News at 8.30am ET

Indexes: we see this as sideways market now. (we said “neutral” yesterday).
Currencies: DX consolidating, be selective with shorts. Monitoring 6A, 6J
Commodities: GC short in progress
Financials: ZB/ZN shorts setting up on daily
Agriculturals: ZL, ZC, ZS shorts in progress

FOR THE TRADING DAY OF wednesday, 2022 07 20

Note: typical mid-summer action, few good setups, several markets in the midst of timeframe conflicts and/or consolidation. Be patient.

News at 10am, 10.30am (CL) ET

Indexes: 2sigma+ up moves on the indexes, second breakout on 240min successful, bearish potential weakens but not gone. Neutral.
Currencies: DX consolidating, be selective with shorts
Commodities: GC short setup
Financials: ZB/ZN shorts setting up on daily
Agriculturals: ZL, ZC short setups

FOR THE TRADING DAY OF tuesday, 2022 07 19

News at 8.30 ET

Indexes: notice that the breakout attempt failed yesterday. Monitoring for a short trigger on the daily.
Currencies: monitoring 6E, 6J for further shorts
Commodities: GC, SI looking for shorts (if not short yet)
Financials: ZB/ZN great shorts setting up on daily
Agriculturals: ZL, ZS, ZW, ZC monitoring for further shorts

FOR THE TRADING DAY OF monday, 2022 07 18

Note: subdued mid-summer action, do not see setups where there are none

No News

Indexes: no change in the HTF bearish structure, but also no immediately tradable setup
Currencies: expected exhaustion on weekly DX arrived. Expect consolidation on daily. Manage any existing shorts, no rush to put on new ones.
Commodities: GC previous support tested, expect back-and-forth here. Manage SI if short
Financials: ZB/ZN shorts setting up
Agriculturals: ZL, ZS, ZW, ZC monitoring for further shorts

FOR THE TRADING DAY OF FRIDAY, 2022 07 15

Note: a lot going on, pick those markets/setups that fit into your trading plan

News 8.30am

Indexes: no change in the daily bearish structure
Currencies: further shorts expected, but note: it’s been a very long run on the weekly DX, consolidation is expected. That said: 6C 1R hit, 6A, 6B, 6J monitoring for shorts, BTC monitoring for short
Commodities: GC hits target area, CT 1R hit, SI melts (a process we’ve been tracking since Jun 22), NG short setup
Financials: ZB/ZN monitoring for shorts
Agriculturals: ZL, ZS, ZW, ZC short setups and/or in progress

FOR THE TRADING DAY OF thursday, 2022 07 14

Note: it is recommended that you follow this page daily, even if you don’t put on trades on any given day. Each opportunity, starting with the setup all the way to a stop loss or a 1R target, is a story. Understanding these stories and how they tend to evolve is what makes us traders. Understanding how crowd behaviour shapes our charts is a big part of being successful. Trading something real, a real and measurable behavioural tendency of the crowd, as opposed to some gimmick (of which there are many), and forging an edge out of it is what brings success. Being a trader is a skill, made up of discipline, persistence, objectivity, responsibility, humility and a never-ending strive for excellence. And like any other skill, it requires daily honing, and the best way to do that is by joining us daily.

Putting on your trades in SIM, and tracking your results for six months is an excellent way to build up confidence. Which can be followed by six months of trading the micros on a live account, if the SIM phase was successful. And when that’s done, you can start growing an account. Now, let’s see the charts!

News 8.30am

Indexes: shorts triggering
Currencies: further shorts expected, e.g. 6A. 6J 1R and more hit.
Commodities: GC short in progress, setup, CT 1R hit, another leg down likely. HO triggering, CL triggered.
Financials: ZB/ZN monitoring for triggers
Agriculturals: ZL 1R hit, another leg down likely

FOR THE TRADING DAY OF Wednesday, 2022 07 13

Note: slow mid-summer action, a seasonal pattern, with a higher than average of “no follow-throughs”

News 8.30am, 10.30am (CL)

Indexes: short setups, monitoring for trigger
Currencies: further shorts expected, e.g. 6A. 6J triggering, driven by ongoing USD strength.
Commodities: GC short setup, CT in progress
Financials: ZB/ZN monitoring for shorts
Agriculturals: ZL short in progress

FOR THE TRADING DAY OF tuesday, 2022 07 12

Note: not much has changed since yesterday

No News.

Indexes: short setups, see video for details
Currencies: several shorts in progress and/or completed 1Rs on major pairs driven by ongoing USD strength. Also: BTC short setup
Commodities: GC/SI short setups
Financials: ZB/ZN shorts setting up
Agriculturals: standing by

FOR THE TRADING DAY OF monday, 2022 07 11

No News

Indexes: no change since our analysis last Friday: monitoring price action to see if measured move (long side) or complex bearflag (short side) takes control on daily
Currencies: shorts on major pairs driven by ongoing USD strength
Commodities: GC/SI short setups
Financials: ZB/ZN shorts setting up
Agriculturals: ZL/ZC/ZS shorts setting up, but gaps may be a reason for caution

FOR THE TRADING DAY OF Friday, 2022 07 08

News 8.30am

Indexes: good analysis yesterday: Keltner was hit. But the big picture still just a daily bearflag! Yesterday was an example of how we can be bearish on one timeframe but still have no problems putting on intraday long trades on another timeframe :)
Currencies: shorts on major pairs driven by USD strength. 6J short setting up. Also: BTC
Commodities: GC short setup, may test previous support at 1700
Financials: ZB/ZN great analysis yesterday, you may be short already
Agriculturals: great moves on several markets, now consolidating

FOR THE TRADING DAY OF thursday, 2022 07 07

News at 8.30am, 11am EST

Indexes: a continuation short term to the upper Keltner is possible, even likely. Our long term short bias is not effected.
Currencies: shorts on major pairs driven by USD strength. We just had a few great shorts, it’s important to time entries properly! 6S, 6J triggering.
Commodities: NG, CL shorts setting up, GC may test previous support at 1700
Financials: ZB/ZN monitoring for shorts trigger on daily
Agriculturals: great moves on several markets, now consolidating

FOR THE TRADING DAY OF wednesday, 2022 07 06

News today: FOMC at 2pm EST

Indexes: standing by. Wed 2pm news release may be catalyst.
Currencies: DX at historic highs, good shorts done or in progress on major pairs, e.g. 6B, 6E, 6C, 6N.
Commodities: SI 1R, GC short setting up
Financials: monitoring for short trigger on daily
Agriculturals: good 1Rs or more on ZC/ZL/ZS/ZW.

FOR THE TRADING DAY OF TUESDAY, 2022 07 05

No News today. FOMC tomorrow.

Indexes: standing by. Wed 2pm news release may be catalyst.
Currencies: DX at historic highs, expecting further strength. Monitoring for shorts on major pairs, e.g. 6B, 6E, 6J, 6N (only if triggered, as always!).
Commodities: NG 1R hit. Study on SI: why it pays to monitor for failure tests!
Financials: monitoring for short trigger on daily
Agriculturals: ZC 1R hit. ZL 1R hit. ZS 1R in progress.

FOR THE TRADING DAY OF friday, 2022 07 01

News 10am EST

Indexes: bearflags trigerring
Currencies: DX strength, 6A 1R hit, shorts triggering or in progress (6B, 6E, 6N). BTC short triggered.
Commodities: NG 1R hit.
Financials: monitoring for short trigger on daily
Agriculturals: ZL short in progress.

Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.