NAS100 Strategies

I got stopped out on this trade. Its safe to say this strategy has a low win rate so I will be putting it on hold.

Why not still try it on 10 more setups? I do well to try my strategy on 100 setups on a particular pair before I conclude whether it’s profitable or not.

Okay that sounds good, I will keep trying it through out next week.

Nasdaq stock exchange has opened (9 30 am EST or 3:30 pm UTC + 1 NG time) and we marked out the first 15 minute range. price has now broken out of the range and is reversing upwards leaving behind a buy pattern in its trail. I am waiting for upward momentum to build before I Buy.

I have taken the buy trade

SL blown again but i think I am begining too see a pattern here. Price always gives a fake breakout first then later moves in the direction of the prevailing trend on the 4H chart.

Today beore I placed the trade the prevailing 4H trend was bearish so price faked to go bullish only to turn around and go bearish.

Today I took a buy trade because the 4H chart is bullish and price is reversing back into the 15-min range.

SL blown on this trade.

Major Changes

I made changes to the Nasdaq stock exchange time conversion to UTC. Yes, the Nasdaq exchange opens by 9 30 AM in New York time, but when converted to UTC it is 13:30 pm UTC. Just thought to make that correction here.

So, our 15 minute range will now be from 13:30 to 13:45 pm UTC time.

Lets go to todays trade

So, for today I have market out the 15-minute Nasdaq open range and price broke out of the upper range and i shorted on the first red candle.

SL and TP set

TP smashed !

Oh I see, the changes to the timing has worked. This time conversion thing can be so confusing. I also like that your risk was very low this is like a 1:6 RR. I am learning !

I always say the first thing any beginner should learn in trading is how to mark out sessions and time capsules on a chart. Its like the most overlooked thing by beginners.

Welcome to American trading, the Nasdaq stock exchange is now open (9 30 am NY time, 13:30 pm UTC London time, 2:30 pm UTC+1 NG time). Now, we will wait for the first 15 minute candle to form and mark its high and low with a rectangle/box.

Good afternoon @yoks, so the range we are marking out is from 13:30 to 13:45 pm UTC ?

Yes

So here we have the 15-minute range boxed in. We will wait for a break in either direction then decide on what to do next

I have taken a short trade because price broke out of the 15 minute range, tried to reverse back into it but rejected and kept going downwards in the direction of the 4H trend

TP smashed! @Kemi did you take the trade too?