Trading on US30 at New York Open

Introduction

• Presenter: Andre
• Platform: YouTube Video
• Topic: How to effectively trade US30 at New York Open
• Objective: Minimize screen time by focusing on a few minutes during the day

New York Open Timing

• New York Open Time:
  • US: 9:30 AM
  • South Africa: 16:30 PM
• Action: Mark a line on the chart at New York Open on the one-minute timeframe

Trading Strategy Overview

• Concepts Used: ICT concepts
• Key Elements:
  • Look for lows and highs just before New York Open
  • Identify order blocks and fair value gaps

Trading Execution Steps

Identifying Lows and Highs

• Lows:
  • Mark the bottom of the wick just before open
  • Adjust if necessary after checking to the left of the chart
• Highs:
  • Multiple options for marking highs; any of the visible highs before open can be used

Order Block and Fair Value Gap

• Objective: Look for an order block and/or a fair value gap
• Execution:
  • After a high is broken and closed, wait for a retest
  • Place buys at the top of the order block
  • Set stop loss below the lows

Setting Take Profit (TP)

• Methods:
  • Use previous video methods
  • Fibonacci tool
  • Width of order block box

Example Trades

Buy Example

• Setup:
  • Mark a high and adjust for an order block/fair value gap
  • Place buy at the order block
  • Stop loss below identified lows
  • TP calculated using breakout or width of the box

Sell Example

• Setup:
  • Mark high and low at New York Open
  • Identify last opposite candle for order block
  • Place sells at the order block
  • Adjust if not comfortable with entry; wait for another low break
  • Recalculate TP based on new lows and order block

Risk Management

• Risk/Reward Ratios:
  • Example: 5.35 risk/reward ratio
• Goal: Pass funding challenges with controlled risk

Additional Resources

• Giveaway: Funded challenge prop firm giveaway with CortanaFX
• Community: Free trading group for daily trade ideas
• Encouragement: Like, subscribe, and comment for more content

Conclusion

• Strategy Benefits:
  • Works on US30 and potentially on gold
  • Suitable for short, consistent trades without overstretching risk
• Call to Action:
  • Follow the strategy, manage risk, and avoid chasing losses
  • Engage with video and community for further learning