December 7, 2012
- in Uncategorized by schooloftrade
Day Trading Plan uses Price-Reversal for NFP-Friday Profit
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| Day Trading Plan, LIVE Russell Trading |
This morning we used a simple day trading plan to look for the high-percentage-trades in both Crude Oil and Mini-Russell Futures on a Non-Farm-Payroll-Friday. We earned just shy of +100-ticks this morning in what has always been a challenging day to trade. As always, our day trading plan we created together at 8:00am EST was used throughout the morning trading session to hit our profit-targets.
The day began with a quick prep on how to trade NFP-Friday effectively. We knew this morning that Friday’s are a little different, but a Non-Farm-Payroll-Friday is the day your mom warned you about when you were a kid. There are many professionals that chose the golf-clubs over the charts this morning in fear that NFP-Friday would be too challenging. We knew that a solid day trading plan for a Friday was all we needed to avoid losses and capitalize on the moves we got after the news was released.
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Read the Complete Trade Room Recap HERE
