Hi I am Yoks and I have been trading for about 3 years now. I will be sharing my own strategies for trading NAS100 CFDs and this will be beginner friendly and easy to understand. Feel free to share your own strategy here so we can also learn. Thanks
This one is quite straight forward, I just mark out the London range from 8 am to 4 pm and wait for price to breakout from the range. After the breakout if price reverses back into the range successfully , I take a buy but if the reversal fails and price rejects at the range and starts falling, I take a sell.
24,958 points will be our sell entry price for this image, price broke out of the London range and we waited for a candestick pattern that showed it was reversing back into the range, You can see the bearish engulfing.
Today I have boxed out the London session activity from 8 - 4 pm and price has broken out of the box. Two things can happen- either price keeps going up or price reverses back into the London range. If a reversal begins, I will take a sell. But if price attempts to reverse and fails, then I will take a buy.
The Nasdaq stock exchange opens in 5 minutes (by 2:30 pm American Time) and my trade is still in a little profit. We will likely see a burst of activity when Nasdaq opens and this will either push my trade into more profit or into a big loss.
Once the Nasdaq stock exchange opened see how price just started reversing. I am now in a loss. I am studying this, if it continues, I am going to develop a strategy around the Nasdaq stock exchange open time
