June 7, 2013

Non-Farm Payroll Friday Morning Prep; SchoolOfTrade.com Day Trading Strategy

“The
remarkable thing we have is a choice every day regarding the attitude we will
embrace for that day. 

We cannot change our past… We cannot change the fact
that people will act in a certain way. 

We cannot change the inevitable. The
only thing we can do is play on the one string we have, and that is our
attitude.”
Charles Swindoll

This morning is Non-Farm Payroll
Friday, which will mark the end of a very sloppy week of price-action in most
of our favorite futures markets.  We have
to be aware that Non-Farm Payrolls are the BIGGEST news report we see as
traders, and most professionals have been preparing for this event all week.
The most important thing to remember
about trading this morning is to sit-on-hands from 8:00am EST until about
8:45am EST after the news is released.
We have two possible scenarios
this morning, both of which involve being very patient to see a new trend
develop, and then trade with that trend.
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