Thursday, November 2, 2017

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



“The trouble with not having a goal is that you can spend your life running up and down the field and never score.”

Crude Oil is range-bound and trading up in the ‘battle zone’ from last night's newsletter, and this late-session rally tells me to watch the '2-Try Rule' for selling-opportunities back down to the prior week low on Friday morning.

S&P is range-bound and trading at the high of the range ahead of tomorrow’s big Non-Farm Payroll Report, which tells me to look for selling-opportunities going back down into the range tomorrow morning.

Nasdaq is range-bound and recently spiked up to the high of today’s range, so I’m waiting for the '2-Try Rule' to give me a selling-opportunity back down to the middle of the range tomorrow.

Gold is sideways and smack in the middle of its range this evening, and I’m using the ‘pendulum swing’ to give me clues for the most reliable trading opportunities tomorrow.

Euro is range-bound with a triangle pattern, which means I’m looking to fade the breakouts using the '2-Try Rule' tomorrow morning.

We have some big news tomorrow morning from the Non-Farm Payroll report, and with most of our markets trading inside ranges, we have an excellent strategy for no matter what the market throws your way.

Crude Oil Day Trading Strategy

Crude Oil is range-bound and trading in the ‘battle zone’ from last night's newsletter ahead of the big Non-Farm Payroll report tomorrow morning.

This move higher was quite strong to finish the session, which tells me to expect the buyers to try again, so I’ll stay patient for them to fail and look for selling-opportunities down to the prior week high tomorrow morning.

E-Mini S&P Day Trading Strategy

E-Mini S&P is range-bound and trying to break higher ahead of tomorrow’s Non-Farm Payroll report, but the ‘battle zone’ and prior week high levels are major resistance, and will most likely give us the '2-Try Rule' to sell back down into the range tomorrow.


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq finished the session with a strong bull run higher, but this is nothing more than the top of today’s triangle/range, which tells me to expect the buyers to try once more to push higher, and look for them to fail for selling-opportunities going back down into the range again tomorrow.

Gold Day Trading Strategy

Gold is range-bound ahead of tomorrow’s Non-Farm Payroll Report, and with price sitting smack in the middle of this range, my plan is to stay patient and fade the breakouts tomorrow.

Euro Day Trading Strategy


Euro is range-bound with a triangle pattern, so my plan for tomorrow is to sell the high, buy the low, and avoid the middle of this triangle while focusing on failure patterns to enter the trade.

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