US30 with SLk Strategy

A LITTLE BACKGROUND KNOWLEDGE

The US30 is the trading symbol used by many brokers to represent the Dow Jones Industrial Average (DJIA). It is one of the oldest and most well-known stock market indices in the world, created in 1896 by Charles Dow.

What the US30 Represents

The index tracks the performance of 30 major publicly traded companies in the United States. These companies are considered industry leaders and represent key sectors of the U.S. economy such as technology, finance, healthcare, and consumer goods.

Why Traders Like Trading US30

Many traders are attracted to US30 because:

High volatility: It can move hundreds of points in a single day.

Clear trends: The index often trends strongly during major market sessions.

News sensitivity: Economic news from the U.S. can cause big moves.

Because of this volatility, US30 is popular among day traders and scalpers.

Best Trading Session for US30

The most active time to trade US30 is during the New York trading session, when the U.S. stock market opens. This is when liquidity and volatility are highest.

Key time for traders in Africa:

New York Stock Market Open: 9:30 AM New York time

Around 3:30 PM in South Africa and 2:30 PM in Nigeria.

Factors That Move US30

Several factors can cause the index to move, including:

U.S. economic news (like **Non‑Farm Payrolls)

Interest rate decisions from the Federal Reserve

Corporate earnings from major companies

Global economic or geopolitical events.

US30 looks bearish but there’s a strong support zone on the weekly timeframe that price can use to go up. I will be watching price reaction at that zone.

I think you should explain the strategy before doing analysis

Pls do well to check my threads. I have one dedicated to this strategy. Pls do well to check it. The title is SLK strategy.

Hello everyone, for every trade i post here that plays out, I will do well to do a recorded video for it and post the link so that everyone can understand. This is aimed at ensuring that everyone fully understand how each setup was gotten and also replicate it. Thank you all for being a part of this thread.

WE ARE BULLISH AT THE MOMENT ON THE 4HR TIMEFRAME COS WE HAD A BREAK TO THE UPSIDE. I WILL BE ON THE LOOKOUT FOR BUYS.

Trade playing out as analysed💃🏼

After series of breakout to the downside, yesterday daily candle rejected and closed at a daily keylevel. This indicates a sell bias.

I JUST TOOK A BUY HERE. WHY? I TOOK THIS BUY COS OF THE ASIAN SESSION LIQUIDITY. ITS A SHORT-TERM BUY AND ALSO A COUNTER TREND TRADE COS I AM STILL BEARISH ON THIS PAIR.

Currently in profit , let’s see how it goes .

Got stopped out in this trade, should have breakeven when I was in profit but I didn’t.

SELL BIAS ON DAILY TIMEFRAME.

Here, a daily candle rejected and closed at a daily keylevel and the high of a previous candle was swept and the low is still standing. This combined together signify a sell.

Here on 4hr, we had a break of structure to the downside. Both daily and 4hr timeframe screaming sells.

I took a short on this pair based on the analysis I had during the week as the overall sell target for this pair.

Sl blown.

It is not always clear how you decide a break of structure. Is there any laid down rule on how we can know a structure has been broken?

I determine my break of structure when a candle closes with a full body below or above a structural point.

I took a short on this pair now