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

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We’re headed into one of the busiest days of September on Wednesday morning – with Rollover and Inventories in the morning, and the highly-anticipated FOMC Announcement in the afternoon, tomorrow is going to be a much shorter window of opportunity, and we need to make every candlestick count…

And with most of our favorite markets still trading inside of ranges, the secret to our success on Wednesday will be buy low, selling high, and avoiding the middle, while keeping our eyes open for the 123-Breakouts – are you ready for the Fed?
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Crude Oil is bearish into a trading-range ahead of tomorrow’s Inventory report, which tells me to look for sell set-ups using a buyer-failure pattern up above the highs of the range.

E-Mini S&P is bullish with a strong attempted breakout of this week’s range, which tells me to look for either a 2-Try Breakout Pattern or a 123-Breakout for a continuation move up to the ‘pendulum swing’ target at 3019.

Nasdaq is bullish and trying to breakout above the high of this week’s trading-range, but we know that “buying high” isn’t the best strategy, so I’m better off waiting for a more reliable buy set-up using a seller-failure underneath the low of the range tomorrow morning.

Gold is bullish into a narrow trading-range ahead of tomorrow afternoon’s FOMC Announcement, which tells me to look for buy set-ups underneath the range using the seller-failure entry pattern.

Euro is bullish and running higher towards the 11,800 highs from late last week, and anytime I see this much strength without a deep pullback, the next pullback will be seen as a buying opportunity for the bulls, especially if we can pull back all the way into the battle-zone down at 11,250.
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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

Kofi Aboagye says:

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Hassan Alammar says:

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Stockafella says:

Another great video my man !!

Joseph James says:

The FOMC Announcement is one of the biggest news reports we get as traders, but it's easy to lose money if you dont have the right strategy. And since most of our markets are range-bound tonight, our plan is to fade those breakouts before the news, and wait to see the 123-breakout afterwards – are you ready?

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