Thursday, May 4, 2017

Non-Farm Payroll Trading Strategy | Crude Oil, Emini, Gold, Euro, FDAX



“Lots of people know what to do, but few people actually do what they know. Knowing is not enough!  You must take action.”


Crude Oil is bearish with a strong Spike & Range this evening, telling us to look for selling-opportunities up above the range, and a possible short-covering-rally tomorrow.

S&P is bullish with a Spike & Channel, which tells us to look for traps and failures at support levels and the ‘battle zone’ as the bulls try to re-test last week’s high.

Euro is bullish, but two levels of support tell us to be looking for a ‘2-legged pullback’ off the highs for the most reliable buying opportunities on Friday.

Gold is bearish, but we’re four legs down and sitting at support, telling us to look for selling-opportunities up in the ‘battle zone’ overhead, or wait for a successful breakout-pullback to new lows tomorrow.

FDAX is bullish with a Spike & Channel, making it easy for us to plan for the most reliable buying opportunities… down in the ‘battle zone’ tomorrow.


Crude Oil Trading Strategy
Crude Oil is bearish and trading inside a range this evening, telling us to look for reliable selling-opportunities up at resistance levels above the range for a target going back down to re-test the low.  If price pushes lower, the plan is to avoid chasing the move lower, looking for a successful breakout-pullback for a target at the 45.00 round number.  One thing to keep in mind tomorrow… this strong move down may result in a short-covering-rally and buying opportunities on the way up to the ‘battle zone’… but don’t try to predict this reversal, wait for a successful breakout-pullback and then follow the new trend once we have proof.   

E-Mini S&P Trading Strategy
E-Mini S&P is bullish with a Spike & Channel this evening, telling us to look for reliable buying opportunities at support levels and the ‘battle zone’, with a measured-move target waiting overhead.  If price pushes higher, we will avoid buying into the measured-move resistance, looking for a ‘2-legged pullback’ off the measured-move for a re-test of the prior week high.

Gold Trading Strategy
Gold is bearish and trading at the quad-down support as it tries to finish a wedge target tomorrow.  The plan for tomorrow is to avoid selling into this major support, looking for a ‘2-legged correction’ off the lows for a reliable selling-opportunity back down to re-test the low.  if price continues pushing lower, the plan is to avoid chasing the move, looking for a successful breakout-pullback below the quad-down for a target down at the completion of the wedge.

Euro Trading Strategy
Euro is bullish at the measured-move and “round number” this evening, telling us to avoid buying into this resistance, and look for a ‘2-legged pullback’ to support and a re-test of the high tomorrow.  If price keeps pushing higher, the plan is to avoid chasing the move, waiting for a ‘2-legged pullback’ to buy low tomorrow for a triple measured-move target going higher.

FDAX Trading Strategy

FDAX is bullish with a Spike & Channel this evening, telling us the most reliable buying opportunities will come at the low of the channel as well as the ‘battle zone’ tomorrow.  If price continues to push higher, the plan is to avoid chasing the move, looking for a ‘2-legged pullback’ to buy low tomorrow.

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