Trading Non-Farm Payrolls | Crude Oil, Emini, Nasdaq, Gold & Euro

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NonFarm Payrolls can be a lucrative opportunity for traders on the first Friday of the month, but it can also be a dangerous time to trade if you’re not prepared with the correct strategy.
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Trading Non-Farm Payrolls | Crude Oil, Emini, Nasdaq, Gold & Euro
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Read the FULL Transcript of this Video & Download Today’s Charts:
http://www.sidewaysmarkets.com/
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Crude Oil is bullish and trading in the middle of a triangle, which makes my job easy, looking for buying opportunities using seller-failures below the range low.

E-Mini S&P is bearish with a strong channel going lower, which tells me to look for a 2-Try Failure pattern to sell into bullish breakouts near the high of the channel.

Nasdaq is bearish with a wide, almost flat channel, which tells me to treat this market like a range, selling off the highs using failure patterns.

Gold is bullish with a strong push higher, so I’m looking for buying opportunities and I have my eye on the low of a hidden channel.

Euro is bullish and I’m looking for buying opportunities at key support levels before we get back to the 15,000 “round number”.

Back in the action tonight, this time getting prepped for tomorrow’s Non-Farm Payroll report to finish off this first week of 2019!

The key to trading NonFarm Payrolls is to give yourself some time after the news is released to see the price-action calm down before looking for trades, and keep an eye on the time because the session usually finished before 11am EST.
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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 RULE 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

Strong Hobbit says:

Interesting video. What timeframe do you use on the charts?

Joseph James says:

The key to trading NonFarm Payrolls is to give yourself some time after the news is released to see the price-action calm down before looking for trades, and keep an eye on the time because the session usually finished before 11am EST.

PS – My apologies for the sound in the background of this video. I've been testing a new microphone this week and still working out all the details. I should get this all working 100% for next week. Thanks for watching!

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