2408 pip Strategy
Credit to Marco (Marco#0847) that have shared this setup with the group. He is using it with great results.
Volatility Plays
This setup makes use of the volatility that comes into play at the New York session open.
Marco is using the setup during the New Your session open and on US30 and NAS100. However, the concept of finding trades during sessions open is valid across more sessions than just the New Your session. Feel free to try it out on other sessions and assets.
Markets
THIS SETUP WORKS U.S INDICES (US30, NAS100)
US30
NAS100
Sessions
THE NEW YORK SESSION OPENS UP AT 9:30 EST AND AT THIS TIME THIS IS WHERE MOST OF THE VOLATILITY HAPPENS (EXCEPT FOR MAJOR NEWS).
NY Session - 9:30 EST
Indicators
ALL SETTINGS A DEFAULT SO YOU DON'T HAVE TO CHANGE ANYTHING
ATR + PSAR Trailing Stop (Expo)
ZEIIERMAN “ATR + PSAR Trailing Stop Expo” INDICATOR USUALLY GIVES A SIGNAL WITHIN THE FIRST 30 MINUTES OF OPENING SESSION. OF COURSE, THIS IS NOT A GUARANTEE SO IF THERE IS NOT A SIGNAL JUST WAIT UNTIL IT GIVES ONE.
Buying/Selling Pressure & Trend Strength/Direction (Expo)
ZEIIERMAN “BUY/SELL PRESSURE EXPO” ALSO HELPS FOLLOWING THE TREND WITH. IT SOMETIMES GIVES A SIGNAL BEFORE THE “ATR + PSAR Trailing Stop Expo”. WHEN THE GREEN PASSES THE RED YOU BUY & WHEN THE RED PASSES THE GREEN YOU SELL.
Trend Analysis - Take Profit (Expo)
ZEIIERMAN "TREND ANALYSIS - TAKE PROFIT" HELPS TO AVOID FAKE OUTS. THE INDICATOR GIVES US THE DIRECTION OF THE TREND BEFORE THE ATR+PSAR GIVES US A SIGNAL.
SO THIS IS A EXTRA CONFIRMATION BEFORE THE SIGNAL.
Entry
Long
AS SOON AS THE INDICATOR GIVES A BUY SIGNAL ---> GET IN IMMEDIATELY. DO NOT WAIT FOR THE CANDLE TO CLOSE.
Buy signal = either from ATR+PSAR or when the Green line crosses the Red in the Buying/Selling Pressure.
WATCH IT HIT TP AND GO ABOUT YOUR DAY
With Extra Confirmation - Avoid fake outs
Trend Analysis - Take Profit has to be in a Positive Trend. (Indicator at the bottom)
Short
AS SOON AS THE INDICATOR GIVES A SELL SIGNAL ---> GET IN IMMEDIATELY. DO NOT WAIT FOR THE CANDLE TO CLOSE.
Sell signal = either from ATR+PSAR or when the Red line crosses the Green in the Buying/Selling Pressure.
WATCH IT HIT TP AND GO ABOUT YOUR DAY
Trend Analysis - Take Profit has to be in a Negative Trend. (Indicator at the bottom)
TP & SL
SET TP TO 2408 PIPS
SET SL TO 2408 PIPS
If you're using the setup on other sessions and assets, you may have to adjust the TP and SL!
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