Trading Non-Farm Payrolls, Are You Ready?
We’re headed into the first Friday of March tomorrow morning, which means it’s time for “Non-Farm Payrolls”, the biggest event of the month!
Looking at the charts, it’s easy to see some easy opportunities to catch traders on the wrong side of the market with “traps” – are you ready? Let’s go…
Crude Oil Sets Up for a “Snap Back”
Crude Oil is back in familiar territory again tonight; we’re bearish and grinding lower, but just below the low of today’s trading-range…
The range tells me to buy low, but this bear momentum says I need to be careful, so I’m going to look for a buy setup using a 2-Try Trap, catching sellers getting short off the high of the overhead resistance.
E-Mini S&P is Bearish, But Can we Sell Below this Range?
E-Mini S&P is bearish and hunting for yesterday’s low, but just like Oil, we’re sitting below today’s trading-range, which isn’t a reliable place to be looking short…
Knowing this, I’m looking for sellers to get caught getting too aggressive with a buy setup using a “nested” seller-failure off the lows.
Will Gold Pullback Before It Re-Tests the Yearly Highs?
Gold is bullish and closed today’s session right up at the day’s high, which tells me the bulls have full control, and I should be looking to buy pullbacks and bear-traps off support levels waiting below…
Knowing this, I have my eyes on two different support zones, and I have two different set-ups depending on which battle-zone we use…
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