NAS100 Strategies

I got stopped out of my sell. Im done for the day

Wow, I’m still in the trade. I’m even in profit. I will close soon though.

I still have this Nas100 sell trade running. i am currently in profit as shown in the image.

Nasdaq 9:30 am open 15-minute breakout strategy test run

The Nasdaq stock exchange opens by 9 30 am in New York, so today I will be testing a 15-minute breakout strategy.

1. Wait till 9 30 am ( in Nigeria it will be 3 30 pm)

2. Mark the high and low of the first 15-minute candle that forms

3. Trade the breakout direction of the 15-minute candle

15-minute Nasdaq 9:30 am opening range has been established, and now we wait for price to breakout of the range then we trde the direction of the breakout.

Price has closed outside the 15-minute range so I have taken a buy with SL outside the lower bottom of the range.

I got stopped out

Black circle was your reversal patter, a solid bearish engulfing dont you think?

yes, price reversed into the 15-minute range

Now I can close this trade here. The setup played out super well. 1:3rr bagged. The beauty of trading the SLK strategy.

As a follow up to yesterdays 15-minute Nasdaq open strategy, we can see that price kept going down after reversing back into the 15-minute range.

15- Minute Nasdaq Open Breakout Strategy

The Nasdaq stock exchange opened by 9 30 am in the US (equivalent to 3:30 pm in NG) so I waited for 15-minutes to mark the 15-min range. Now I will wait for price to breakout & close outside the range then i trade accordingly.

Price broke out of the upper 15-minute range but there was no real continuation for me to buy into. Instead price collapsed back into the 15-minute range but didnt collapse far enough for me to consider a sell. So now I am stuck in between. If I am to buy, I want to see price close above the blue line.

Price has closed above the blue line but I'm not gonna jump in yet. I have set a buy pending order a small distance above and I will wait for price to come to me. This is a risk mgt practice I use to avoid fakes. If price doesnt come to me and falls far enough I will consider a sell.

Price has refused to come to my order so I'm gonna delete and wait a while to observe whats going on. For now price is just ranging in the same place.

I still have not got a buy or sell signal, price would have to close outside the lower 15m range for me to consider selling or above the upper structure (around 24,725 points) for me to consider buying

I have now taken a short position because price closed outside the lower 15-minute range.

Ive closed out with profit.

So, our trade summary image is here. Price broke out of the 15-minute range box and we traded the reversal back into it.

So, I guess we can apply to other indices like I trade Chinese Indices so I just look for when the stock exchange opens and map out the first 15 minute candle range, wait for price to breakout of the range then watch the reaction before trading. I will try this