Thursday, September 6, 2018

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


“People become really quite remarkable when they start thinking that they can do things. When they believe in themselves they have the first secret of success.”  


Crude Oil is bullish after a 123-Reversal, and I have my eyes on buying opportunities using the low of a hidden channel tomorrow morning...

E-Mini S&P is bullish with a flag pattern, and I’m waiting to combine the flag with a hidden channel for buying opportunities going back to the range where today’s session began…

Nasdaq is bearish with a Spike & Range pattern, and I have my eyes on a key support trend-line to be used as resistance for selling-opportunities back to re-test the low…

Gold is bullish with a Spike & Range pattern, telling me to look for buying opportunities using seller-failures, but the recent strong move lower is telling me I need to use a slightly different strategy for tomorrow morning...

Euro is bullish with a Spike & Range, telling me to look for buying opportunities using the '2-Try Rule' below the range low…

We’re getting ready to wrap-up what’s been one of the best weeks of 2018 in our trade room tomorrow morning... and with the Non-Farm Payrolls Report right around the corner we have a LOT to prepare for in tonight’s newsletter


Crude Oil Day Trading Strategy

Crude Oil is bullish with a trading-range, Spike & Range, hidden channel, and measured-move on the chart this evening…

The day started with a trading-range, the weekly inventory report sent prices racing lower before lunch, and finished the session back in the hands of the bulls with a 123-Reversal into a Spike & Range…

So the Spike & Range is important, because it tells me to look for buying opportunities using seller-failures and the '2-Try Rule' down below the range low, and…

I can combine the low of the range with this hidden channel for additional support for reliable buying opportunities going back up to the prior week low and most likely the range where today’s session began…

E-Mini S&P Day Trading Strategy

E-Mini S&P is bullish with a trading-range, bull flag, hidden channel, and measured-move on the chart this evening…

The day started with a narrow trading-range before the bottom fell out and price collapsed, but after seeing the sellers try twice to hold price below the prior week low, the buyers grabbed control with a 123-Reversal…

With the bulls back in control, we now have a bull flag, which is trying to pull back to the low of this hidden channel, combining the prior week low for a great level of support for a run back to the range where the day began…


E-Mini Nasdaq Day Trading Strategy

E-Mini Nasdaq is bearish with a Spike & Range pattern, support trend-line, trading-range, and prior week low on the chart this evening…

The Spike & Range has a bear-bias, telling me to look for selling-opportunities using the '2-Try Rule' above the range high, and this support trend-line can be used as resistance on the way lower, but…

It’s important to also remember that today started in a range, and if the sellers fail, the buyers could easily grab control with a 123-Reversal and run back to the prior week low to finish the week…

Gold Day Trading Strategy

Gold is bullish with a Spike & Range, support trend-line, and a strong bear run on the chart this evening…

The Spike & Range is bullish, telling me to look for buying opportunities using seller-failures and the '2-Try Rule' below the range low, and this support trend-line coming up from the lows will make an excellent place for buyers to enter the market, however…

The strength of this recent move lower tells me I need to wait for the sellers to try and fail TWICE before I try to ride this move higher, so I’m waiting for another attempt to fail… then I start looking for entry patterns with a target back up at the high…

Euro Day Trading Strategy

Euro is bullish with a Spike & Range pattern, resistance trend-line, reversal-line, and prior week low on the chart this evening…

The Spike & Range has a bull bias, telling me to look for buying opportunities using the '2-Try Rule' below the range low, and there’s no better place to look for buying opportunities than using the reversal-line, which is just above the prior week low…


And if I can get into the move going higher, I have targets waiting overhead at the top of the range along with the measured-move tomorrow morning...

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