Non-Farm Payrolls, My Trade Plan for Friday

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… -------------------- Learn my (4) Four Best Trade Setups with My Free Trading Course: http://www.schooloftrade.com/trial Join the Trade Room as an Advanced Member: http://www.schooloftrade.com/ ----------------------------------------- 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… 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… 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… -------------------- Watch More Videos on our Trading Blog: http://www.sidewaysmarkets.com/ -------------------- Trading Psychology Videos: https://www.sidewaysmarkets.com/trade... -------------------- Contact the office for more information: [email protected] 800.381.2084 Skype: Megan.James12345 ---------------------------------------------- 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. ---------------------------------------------- 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.