Best Strategy for Non-Farm Payrolls
Tomorrow is the first Friday of December, which usually means the Non-Farm Payroll report is the big news of the trading session…
But a last-minute change in the schedule has another big news report due out around the same time, which has me scrambling to get everything ready before tomorrow’s opening bell, and I want to make sure you’re prepared with me – are you ready?
Crude Oil Giving Me “Mixed Signals” – Do You See It Too?
Crude Oil is sideways and treading water ahead of tomorrow’s highly-anticipated OPEC announcement, due out just before the US Session begins…
And since the bulls and bears are “balanced” inside a range, the plan is relatively simple; buy low, sell high, avoid the middle, and focus on failures!
This Expanding Triangle Looks Great on the E-Mini ES…
E-Mini S&P is bullish into a narrow trading-range, which is a big clue going into Friday’s session, because the narrower the range, the larger the breakout needs to be, in order to give us a decent risk-reward ratio on the trade…
Knowing this, I’m waiting for that deep pullback off the highs, and looking for a “nested” failure pattern for the entry going back to the highs.
Nasdaq Buyers are STARVING for a Pullback!
Nasdaq is bullish and also inside a narrow range, telling me to wait for a deep pullback before I try buying the lows tomorrow morning…
And speaking of a pullback, we haven’t seen one yet this entire week! Which makes me assume that even the deepest of pullbacks will be seen as a buying opportunity (with the correct entry set-up of course) on Friday morning…
Gold is Range-Bound Ahead of News – I’m Shocked! 🙂
Gold is range-bound and sideways, which is typical before the Non-Farm Payroll report, and it tells me to focus on failures, buying low and selling high tomorrow morning…
But one thing I need to keep in mind for tomorrow is; we still haven’t re-tested the highs from earlier this week, which tells me to look for a 2-try breakout pattern if the Non-Farm Payroll is seen as bullish tomorrow morning.
“The most important thing you can do to achieve your goals is to make sure that as soon as you set them, you immediately begin to create momentum. The most important rules that I ever adopted to help me in achieving my goals were those I learned from a very successful man who taught me to first write down the goal, and then to never leave the site of setting a goal without first taking some form of positive action toward its attainment.”
