FOMC Trading Strategy | Crude Oil, Emini, Nasdaq, Gold, Euro

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Markets are gearing-up for major news on Wednesday – with Crude Oil battling through the weekly inventory report, and the big FOMC Announcement after lunch – we know that ANYTHING is possible, so we need to be ready!
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Crude Oil is bearish into a trading-range ahead of tomorrow’s weekly inventory report, which tells me to look for selling-opportunities off the high of the range using buyer-failure patterns.

Knowing this, we just saw price shoot lower into the closing bell this afternoon, which means I’m looking for buying opportunities going back up into the range – but with such bearish momentum I need to wait for the “nested” failure instead.

E-Mini S&P is bullish with a strong spike higher to finish today’s trading session, which tells me to look for buying opportunities at key support levels tomorrow morning.

And with this “spike” higher, we expect to see one of three possible situations on Wednesday, so I’m getting prepared for those in tonight’s video.

Nasdaq is bullish with a spike higher as well, but unlike the E-Mini S&P, it still has plenty of room to keep running, so I’m anticipating a Spike & Channel, but I’ll keep my eyes open for three different scenarios like the E-mini.

Gold is range-bound and sideways with a triangle pattern ahead of the FOMC Announcement tomorrow morning.

Knowing this, the secret to trading a triangle is to focus on the edges of the range for the entry patterns.

And don’t forget – when the triangle lines come together, expect a significant breakout attempt, which may hold, or my fail – and I’ll cover those details in tonight’s video.

Euro is bullish with a Spike & Range pattern, which tells me to look for buying opportunities below the range using a seller-failure pattern.

I’m also watching to see if the buyers want to keep going higher – with the next measured-move target up around the 13,000-round number.

And if they do run this higher, I’m watching for a Spike & Channel pattern to buy the pullback before we get there.
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Economic News:
Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
PLEASE DO NOT TRADE DURING TIMES OF MAJOR ECONOMIC NEWS
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Joseph James, SchoolOfTrade.com and United Business Servicing, Inc. are not registered investment or trading advisers. The services and content provided by SchoolOfTrade.com and United Business Servicing, Inc. are for educational purposes only, and should not be considered investment advice in any way. U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. cftc 4.41 These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or-over-compensated for the impact, if any, of certain market factors, such as liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

Comments

Mads Møller says:

Nice to see, you take you time to do your videos.
It could be nice to see a recap, of your trading years, (maybe a 10 year, recap)
Or a live trading.

But nothing to say about your videos, love it.

Jimmy Russell says:

I really appreciate your analysis. I enjoy watching you every evening. Thank you

Max Planck says:

Yo, jj. Love yo stuff. I watched as usual the previous episode. Nice job on the dollar correlation. I respectfully disagree but still, your the best day trader alive.

Krag Ferris says:

Can you reopen my free trading course. Please?

freight2go says:

Hi Joseph what moving average are you using? EMA /SMA and 14? 50 100 etc? Thanks

freight2go says:

Hi Joseph, Can you give me an indication of what MIN TF's match you Tick Candles I use ctrader and Tradingview Charts. Any Advice would be very much appreciated.

Joseph James says:

The FOMC Announcement is one of the biggest news events we get as traders, but with such high volatility during and after the report is released, its essential to have the right trading strategy – let’s dive in!

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