Thursday, February 1, 2018

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



“Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but we rather have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit.”

Crude Oil is bullish, but trading at multiple resistance levels, so I’m staying patient for buying opportunities down near 65.70 support tomorrow morning.

E-Mini S&P is range-bound with another triangle, so the plan stays the same for tomorrow; buy the low, sell the high, avoid the middle, and focus on failures!

Nasdaq is range-bound and rotating back to the high, so my plan is to look for selling-opportunities using the '2-Try Rule' with a target going back down to the low.

Gold is bullish with a parabolic move higher this afternoon, so I’m watching for buying opportunities using a “hidden channel” tomorrow morning.

Euro is bullish, but trading into two resistance levels, so I’m waiting for buying opportunities with a ‘2-legged pullback’ into a reversal-line tomorrow morning.

I have another great newsletter for you tonight, we have the Non-Farm Payroll report tomorrow morning, which is always sure to give us some great trading opportunities and I have a solid plan of attack.


Crude Oil Day Trading Strategy

Crude Oil is bullish with a measured-move and perfect channel rotation back to the highs this afternoon.

The bulls clearly have control, but these resistance levels don’t make for a very good risk-reward-ratio on a trade, so I’m going to wait patiently for buying opportunities down at the low of the channel tomorrow morning.

E-Mini S&P Day Trading Strategy

E-Mini S&P is range-bound with another triangle pattern, telling me to keep focused on failures using the '2-Try Rule' tomorrow morning.

One thing you can see on this chart… we have some support and resistance levels just outside the range, so don’t get fooled by a strong ATTEMPTED breakout. 

Wait for proof on the breakout, no matter how convincing it seems on the first attempt!


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is range-bound with ultimately the same range from yesterday, and just like yesterday’s strategy, tomorrow is much of the same.

The range tells me to focus on failures, sell the high, buy the low, and avoid the middle tomorrow, while trading around the Non-Farm Payroll report tomorrow morning.

Gold Day Trading Strategy

Gold is bullish with a strong, parabolic move to finish today’s session at last week’s closing price.

The bulls have control, and this strong move higher makes it difficult to use a standard channel, so I’m using a “hidden channel”, combined with a bear-trap to create a ‘battle zone’ for buying opportunities tomorrow morning.

Remember, Gold is highly volatility around the Non-Farm Payroll report tomorrow, so keep an eye on the time!

Euro Day Trading Strategy

Euro is bullish and trading at the high of a channel, and into a measured-move resistance level.


The bulls have control, but I don’t want to buy into these resistance levels, so I’m looking for buying opportunities back down at the low of the channel and I have my eye on a ‘2-legged pullback’ into a reversal-line going back to the high tomorrow morning.

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