November 2, 2012
- in Uncategorized by schooloftrade
Day trading strategy after the release of Non-Farm Payrolls:
 |
| CRUDE OIL |
Crude Oil is trading in a sideways trading
range. We can see many highs and lows of
the range, and as price rises we will be buy-the-lows at support and as price
rises sell-the-high at resistance.
 |
| GOLD |
Gold Futures are trading lower after the news
came out bullish for the USD and thus bearish for the Gold. We find ourselves at some major support levels
and we are looking for buying opportunities using the big-round-number of
1700.00 as a price magnet, and trying to re-tests the PLOD if the Dollar-Index decides
it wants to reverse.
came out bullish for the USD and thus bearish for the Gold. We find ourselves at some major support levels
and we are looking for buying opportunities using the big-round-number of
1700.00 as a price magnet, and trying to re-tests the PLOD if the Dollar-Index decides
it wants to reverse.
 |
| EURO |
Euro currency futures are reacting to a bullish news
report for the Dollar-Index by dropping to new lower-lows below the price-wedge
support. We can the double-top providing
support at the 1.2870 has been broken, with the next support level at
1.2825. As price falls we look for the Dollar-Index
to be rising higher and we can sell short on euro down to 1.2825. We will then look to take profit-target and
look price-reversal to buy the 1.2825.
If the euro never makes new lower-lows we are buying the 1.2885 area
just above the 21Range trigger line at 2881.
report for the Dollar-Index by dropping to new lower-lows below the price-wedge
support. We can the double-top providing
support at the 1.2870 has been broken, with the next support level at
1.2825. As price falls we look for the Dollar-Index
to be rising higher and we can sell short on euro down to 1.2825. We will then look to take profit-target and
look price-reversal to buy the 1.2825.
If the euro never makes new lower-lows we are buying the 1.2885 area
just above the 21Range trigger line at 2881.
 |
| RUSSELL |
Mini-Russell is trading higher this morning after
strong news about the jobs here in the US.
We can see a bull price-channel and we are above the PHOD. The bull price-channel tells me to buy pullbacks
and the high-percentage-trades for this price-channel will come buying at the
lows. We also know the PHOD is below us,
so this is a bullish clue, therefor we are buying pullbacks with new higher-highs
as we move up to the profit-target at 831.5 and then the highs of the price-channel.
strong news about the jobs here in the US.
We can see a bull price-channel and we are above the PHOD. The bull price-channel tells me to buy pullbacks
and the high-percentage-trades for this price-channel will come buying at the
lows. We also know the PHOD is below us,
so this is a bullish clue, therefor we are buying pullbacks with new higher-highs
as we move up to the profit-target at 831.5 and then the highs of the price-channel.
