Non-Farm Payrolls, My Trade Plan For Friday

Video Length: 00:56:39

Tomorrow is the first Friday of December, which means we have our biggest news event of the month, Non-Farm Payrolls released just before the opening bell…

Anything is possible after this news is released, and since Friday’s are usually more volatile than other days of the week, I want to make sure we’re ready for all the best setups.  Here’s my trade plan for Friday…

E-Mini Range is a Magnet, So I’m Focused on Trading Failures Around the “Edges”…

E-Mini S&P is bullish into a range, which means I’ll be looking to buy low, sell high, focusing on failures and breakouts for the best entry setups on Friday morning.  Keep in mind, the most recent swings have been very wide, which means I’ll be looking specifically for “nested” failure patterns to time the entries properly…

(Click on image to enlarge)

Crude Oil Buyers are Running Out of Space, We Need a Pullback or a Breakout…

Crude Oil is bullish and trading at yesterday’s high.  The bulls have control, but buying this close to the highs isn’t a reliable place to get long.  Knowing this, I’m going to wait for a deep pullback and buy into failures, or a 123-breakout to buy new highs…

(Click on image to enlarge)

Gold Buyers Hope Momentum is Strong Enough for Another Leg Higher…

Gold is bullish and trying to break free of today’s trading-range, with the potential for a pendulum swing target up at 1858 overhead.  Knowing this, my goal is to buy below the range at support levels with seller failure patterns, or get long after a 2-try trap running higher…

(Click on image to enlarge)

 

Disclaimer: Join our Free Trading Course. Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.