how to trade us30

A
@asuquokelvin - 1 month ago
Quoted - yokoyi

The trade is now in progress, I am looking at 20 pips profit target

It's such a nice strategy but what is the framework behind it

Y
@yokoyi - 1 month ago

I exited with around $10 profit

Y
@yokoyi - 1 month ago
Quoted - asuquokelvin

It's such a nice strategy but what is the framework behind it

The strategy is the initial balance strategy, so I basically mark out the first one hour before the New York Stock Exchange opens and wait for price to exit that range and form either a sell or buy pattern then I trade the pattern

Y
@yokoyi - 1 month ago

The New York Stock Exchange has opened by 9 30 AM EST or 2:30 PM UTC+1 so I boxed our the pre-Open hour (black box) and waited for price to breakout of the upper edge, reject and continue going upwards before I took a long trade. SL is below the Bullish Engulfing pattern

Y
@yokoyi - 1 month ago

TP reached, I am closing the trade here.

Y
@yokoyi - 3 weeks ago

The NYSE has opened by 9 30 am EST or 2:30 pm UTC+1 and I boxed out the pre-open hour. price broke out of the upper edge of the box but rejected on its way down and kept going up so i took a buy

P
@patrader - 3 weeks ago

Price trading in sell zone now.

Will have to wait for a 10 minute candle that breaks a low. I have already taken the up leg.

Y
@yokoyi - 3 weeks ago

The New York Stock Exchange has just opened (by 9 30 am EST or 2:30 pm UTC+1) and we boxed out the pre-open hour. Price broke out of the lower edge of the box and I am still observing what will happen next

Y
@yokoyi - 3 weeks ago

Bullish engulfing at DMR 1 so I am long

Y
@yokoyi - 3 weeks ago
Quoted - yokoyi

Bullish engulfing at DMR 1 so I am long

Price is getting to my profit expectation although I haven't set the TP when it gets there I will close manually

Y
@yokoyi - 3 weeks ago
Quoted - koms55

That's amazing, Yoks. How much profit are you expecting from the US 30 trade?

Right now I am up $8 but my profit expectation is $29 if price keeps going up to the black line

Y
@yokoyi - 3 weeks ago
Quoted - yokoyi

Right now I am up $8 but my profit expectation is $29 if price keeps going up to the black line

This trade is yet to hit my TP but I have adjusted SL upward to secure $6 in profits.

Y
@yokoyi - 3 weeks ago

The New York Stock Exchange just opened by 9 30 am EST or 2:30 pm UTC. I boxed out the pre-open hour and sold once price broke out of the lower edge of the box and started reversing back in. So, i have taken a buy trade

Y
@yokoyi - 3 weeks ago
Quoted - godswillfx

What's your major confirmation

Price is heading for profit expectation

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