Thursday, March 5, 2015

9 Trades for Non-Farm Payrolls | SchoolOfTrade Day Trading Newsletter 03/05/15

“What we can or cannot do, what we consider possible or impossible, is rarely a function of our true capability. It is more likely a function of our beliefs about who we are.”

Notes for Tonight’s Newsletter:

We have Non-Farm Payrolls to prepare-for tomorrow, and these markets are setting-up for another exciting session of trading opportunities… are you ready?

Crude Oil collapsed off the highs today, all the way down to the range-lows.  We expect buyers to enter the market at these lows, which means we are looking for the buyers to fail before we can sell this again.  Volume is a very important clue for tomorrow!

Gold is bearish after selling-off at the range-highs today, and with volume confirming the move lower we will stay focused on selling each move back up to resistance and will use $1200 as our target.

Russell is bullish after 2 days of profit-taking, but we can easily see consolidation ahead of Non-Farm Payrolls tomorrow.  Our plan to buy at the lows of the wedge, looking for bears to try and fail on our way back to the highs from earlier this week.

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