Day Trade Non Farm Payroll News on Crude Oil, Gold and Euro Futures

– Indicators for NT 7.0 are posted

o Full conversion next week most likely
o Working on templates and workspaces right now
o 100% converted for next week

– Newest auto trader beta is also posted

o Advanced course login section
o Training next Wednesday on the auto trader

815am est

– We begin our day the same way each morning, check the news for the morning ahead and avoid trading into the news, and looking to trade the reaction to the news.

– Set your alarm for the news, making sure you know when you need to be avoiding the market today
– Now lets check the dollar index
– The dollar index is trading lower and now resting on the lows of two price channels

o At the lows of the short term bearish channel

 Buy the lows

o At the lows of the longer term bullish price channel

 Buy the lows

930am est

– News at 830am was bearish for the dollar, which showed the DX dropping through the lows of the price channel

o We expect to see the dollar rebound and come back up, but when that happens is TBD

– The crude oil futures at the highs of the price channel, so we want to sell the highs, but the price action today has made it appear that the sellers are not in control.

o We see big candlestick wicks on the 34 range chart, which illustrates the price movements

1000am

– Dollar is moving lower
– We are seeing 1-tick higher highs on gold futures, this is tough to trade this type of moves
– Crude Oil is flat, but looking for a breakout.