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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