Hi guys, my name is Andre. Welcome back to my YouTube video. Today, I'm going to quickly show you how to trade on US30 at New York Open.
So you only have to watch the chart for a few minutes during the day and not watch it the whole day. So it's going to be quick because I know you guys don't like long videos as I've seen. So let's quickly go through this. So this was today's New York Open, right? So New York Open...
is usually 9.30 in the US or in South Africa. It's 16.30 currently. So just know when New York Open happens for you and yeah, just make a line on New York Open on the one minute.
So this line is when New York Open starts on 16.30. So this is where I'm going to look and spot my trade, guys. So according to the ICT concepts and my way of simplifying it, I'm going to look for the low and the high.
just before New York opened, right? So, just because that has been down like this, doesn't mean this is the low. The low I will put at the bottom of that wick right there. So, I currently don't see any nice low cells unless I look a little bit more left, but this is a little bit too far for me.
Okay, so I'm going to mark the low there as that candle there and I'm going to mark the high as, let's say, you can take this high or... or you can take this high. It really, really doesn't matter. You can even take this high. There's a lot of options for you guys to catch this buy move.
There isn't really a wrong one. Each one of these will work. So let's take this middle one, okay, over there. So if you took that one, your order block and your fair value gap will be this one over here. This will be your order block.
So guys, what we're looking for is an order block. and or a fair value gap, okay? So, order block or and or fair value gap, okay? We don't want to look for anything else than this two.
It can be together, it can be separate, but we're going to look for that, okay? So, let's say NAS broke and closed above this high over here, which is fine. So now we're going to look for that retest into an order block or a fair value gap. So at the moment, I don't see a fair value gap, but there's a nice juicy order block over there where you can then place your buys in too. So you will then place your buys at the top of that order block with your stop loss below one of these lows.
I'll probably make it just below this low over here. Let me zoom in to show you guys better below that low over there. And I'll make my TP. As per my previous videos, go check out my previous videos on how to work our TPs and what all these things mean.
But I'm going to take the low over here until the breakout over there. So that breakout over there. So low until the breakout. And I'm going to put it on top of that red line.
So you can technically then put your TP over there. So a nice 3.84 risk reward. trade there's also other methods that you can use to make a tp so you can use the fibonacci like that there's a tp there's a lot of ways you can get a nice tp off that but usually the width of this box on top is a nice entry for your trade so yeah that's a brilliant little buy you can even if you took like the lower one there let's say you say that that was your high that would mean your order block and fair value gap would be over in this area over there which will mean your buy is anyway kind of in the same area right over there a little bit lower a little bit more snipe but it's perfect a nice little buy over there to catch this move okay so let's go to the sell example of yesterday all right so here we go new york open up in here this will be my high as you can see it never reached it for a buy so we're going to look for cells as you guys can see and this is my low all right so my order block is the last opposite candle before this move before this downward move so this whole candle here with this week is my order block so yes it is a little bit of a big candle which is it it's a big candle but it's still a very nice trade so you would then place yourselves hitting that order over there and you will then basically do this.
A little bit of a big teepee this time and wherever your stop loss sorry and wherever your teepee is then. If you're not happy about this this big order block over here you can rather just wait for another entry so you can move your low down to this low okay now please ah you're steady sorry you're steady please break this low for me to give me another entry and it did so it broke through it came back up to this nice little order block here which makes your risk much less you would place your your entries on the bottom of this order block your stop loss above these highs over here and then you would work out your tp as i said previously which would be like that like that and it goes down to there a nice 5.35 risk reward ratio trade these are the types of trades that you guys want to take in order to pass like fund the challenges and things like that Guys, I'm currently having a funded challenge prop firm giveaway with CortanaFX. Anyone in the world can join. I'll put the link in the description to the group where the giveaway is taking place.
I also have a free trading group where we post some ideas every day if I get to it. So yeah, guys, if you want to join for free, for free, everything's for free. Just join, like and subscribe this video.
I hope this helps. But this strategy also works on US30 and I will do another video on it. gold as well but yeah this is brilliant if you guys just follow your risk and you don't chase trades that hit stop loss at all or something this will be such a nice trading strategy for you i like the one minute because you can catch nice trades not big ones that might overstretch overstretch your risk management but nice and small ones where you can hit tp very consistently so yeah guys like and subscribe And thanks and leave a comment if you have any questions down below.