Non-Farm Payrolls Trading Strategy | Crude Oil, Emini, Nasdaq, Gold & Euro
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“If you can imagine it, you can achieve it; if you can dream it, you can become it.” –William Arthur Ward
Crude Oil is bearish with an overshoot of a channel, so my plan is to wait for selling-opportunities – but I’m waiting for an overshoot at the highs first…
E-Mini S&P is bullish and trading at the high of the range, so my plan is to stay patient and look to “pick the bottoms” tomorrow morning…
Nasdaq is bullish, but we’re sitting at the high of the range, telling me to wait patiently for better opportunities buying near the low of the range tomorrow morning…
Gold is bullish with a strong run higher, so we’re looking to buy a pullback, and we’re watching the battle-zone at the base of a Spike & Channel…
Euro is bullish with a strong run higher, and I have my sights on a pullback to the low of a hidden channel tomorrow morning…
Tomorrow is Non-Farm Friday, which means we’re prepping for some big opportunities going into the first weekend of November…
E-Mini S&P Day Trading Strategy
E-Mini S&P is bullish with a trading-range and potential channel on the chart this evening…
The momentum is bullish, telling me to look for buying opportunities at support levels… but we’re trading at the highs of this range, so it looks like patience is going to be the key…waiting for buying opportunities down at the low of this range using the 2-Try seller-failure pattern.
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E-Mini Nasdaq Day Trading Strategy
E-Mini Nasdaq is bullish with a trading-range, bull channel, and potential measured-move on the chart tonight…
The bulls have the momentum, so we’re looking for buying opportunities at support levels tomorrow morning…
The big challenge, of course, is trying to buy the highs of this range…
I’d normally be looking for a seller-failure after we saw this bull rally this afternoon, but after seeing this collapse off the high, back down to the 7000 round number, its hard to trust this move going higher…
So my plan for tomorrow is to wait and see where we go…
If we start pushing lower I will be looking for selling-opportunities going back down to the low of this range, and then looking to buy the range low using the 2-Try Failure pattern…
But if the bulls can recover and re-test this high, then I start looking for opportunities going up to the measured-move target…
Gold Day Trading Strategy
Gold is bullish with a strong run higher, Spike & Channel, hidden channel, and measured-move on the chart this evening…
The bulls have the momentum with this strong run higher, telling us to look for buying opportunities off support levels, and we can use prior swings in combination with the low of this hidden channel…
As for targets, keep an eye on the measured-move which is also October’s High.
Euro Day Trading Strategy
Euro is bullish with a strong move higher, Spike & Channel, hidden channel, and measured-move on the chart tonight…
The strong move higher gives the bulls the momentum and tells us to look for buying opportunities at support levels, such as the low of this hidden channel…
And for targets, we have our eyes on the 15,000 round number for tomorrow.