US30 trading strategy

I have a simple us30 trading strategy where I use sessions as ranges. The idea behind this is to note the high and low of each session then see if the incoming session breaks the high/low of the previous session then trade the break.

Step 1: Switch to a US30 H1 Timeframe and Insert Period Separators

On the US30 chart, switch to the 1 hour timeframe then insert period separators so that every period indicates one day.

Quoted - arthur_wildberry

Step 1: Switch to a US30 H1 Timeframe and Insert Period Separators

On the US30 chart, switch to the 1 hour timeframe then insert period separators so that every period indicates one day.

Step 2: Mark the highest & lowest prices attained for each session

Next, I use a yellow rectangle to mark the highest price reached during the Asian session which started at 1:00 am and ended around 5:00 am.

I also use a blue rectangle to mark the highest and lowest price reached during the London session which started around 7:00 am and ended around 5:00 pm.

I didn't mark the New York session because that is the session i want to trade hypothetically

Quoted - arthur_wildberry

Step 2: Mark the highest & lowest prices attained for each session

Next, I use a yellow rectangle to mark the highest price reached during the Asian session which started at 1:00 am and ended around 5:00 am.

I also use a blue rectangle to mark the highest and lowest price reached during the London session which started around 7:00 am and ended around 5:00 pm.

I didn't mark the New York session because that is the session i want to trade hypothetically

Step 3: Switch to 15M timeframe and wait for breakout

I wait for price to breach the lowest price reached during London session then trade the breakout after the first 15 minute candle forms.

The same thing would have applied if the price breached the highest price reached during the LON session then I would have bought instead of sell.

K
@karbin - 9 months ago

Let me add, on US30, each session either fades or follows the previous sessions.

The pre-open 1H is really important at the start of the session. You will notice that they will try to push it to the nearest levels to break it to fade it on the opening.

See the example of NY open today & the pre 1H. Use 5M as the entry trigger for small SLs, because if you are wrong, then you are mostly likely against the trend of the session.