New York Session Scalping Strategy: Trading Nasdaq with High Winrate

In this trading video I show a scalping strategy for trading Nasdaq or S&P in New York session on the 5m timeframe. For defining the bias and lows and highs of the day I use a method from ‪@themas7er‬ that he showed in this video:
• 🔥 TOP SECRET TRADING S...
He also published a tradingview indicator for this, that you can find here: www.tradingview.com/script/up... I also added a few lines of code for it.
The strategy makes use of the probability that when a high or low is broken after the 9:30 - 10:30 range, the opposite side is not going to be broken by an 88% chance. Then I use price acton and levels of support and resistance to enter the trade.
For trading with low spreads I can recommend the broker Hankotrade, register here, it's very simple:
login.hankotrade.com/register...
Here you can find my TradingView indicators on this page:
www.tradingview.com/u/trading...
Production Music courtesy of Epidemic Sound: www.epidemicsound.com

Пікірлер: 92

  • @niklas2806
    @niklas2806 Жыл бұрын

    Thank you very much! Does the price has to sweep the High/ Low of DR or does it has to close in the 5 min TF?

  • @johnk.muckian5327
    @johnk.muckian53278 ай бұрын

    Ive been trading a similar strategy on the intial break. Good results but the drawdown can be stressful. I am going to implement this pullback method. Thanks for sharing!

  • @Sherwinator
    @Sherwinator Жыл бұрын

    another great one!!

  • @TheTradingGuide

    @TheTradingGuide

    Жыл бұрын

    Thank you friend!

  • @Businesnick
    @Businesnick Жыл бұрын

    We conside a high or low broken with the body high and low or with the weak high and low?

  • @24ever12
    @24ever12 Жыл бұрын

    I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed on all the stock opportunities so far for the tech stocks.I believe having 75K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and loosing all the good opportunities

  • @ftlaudman

    @ftlaudman

    Жыл бұрын

    If you haven’t proven to yourself that you can win then please do NOT go all in with your savings. Prove you have a trading system that works and then gradually increase your exposure. Do not go all-in when all you do is lose…

  • @karynplumm878

    @karynplumm878

    Жыл бұрын

    It's not difficult to make monthly profits of up to 6 digits as I've made up to $75k per month since last year. Even though I have been investing for a while, it is very important for me to get help from a tutor to identify and take advantage of this market opportunity

  • @24ever12

    @24ever12

    Жыл бұрын

    @@karynplumm878 please I'm interested to know who your consultant is and how she can be reached?

  • @karynplumm878

    @karynplumm878

    Жыл бұрын

    @@24ever12 "Laura Estelle Dealy" is my coach, you may have come across her on a few interviews, just look her up online to get in touch with her

  • @josefkurtz2622

    @josefkurtz2622

    Жыл бұрын

    I’ve been down a ton, I’m only holding on so I can recoup, I really need help

  • @alanconroy
    @alanconroy Жыл бұрын

    I haven’t really backtested this much but I am finding it useful to frame a trade if I use both IDR boxes. And using ICT entry models.

  • @Sherwinator
    @Sherwinator Жыл бұрын

    do you use CBDR? can we incorporate it here?

  • @fud2742
    @fud2742 Жыл бұрын

    Thanks 🙏🙏

  • @netram2808
    @netram2808 Жыл бұрын

    Hey, will this work for crypto? If so, what sessions? Will appreciate an answer. Thank you!

  • @Ak24r
    @Ak24r Жыл бұрын

    What time does this setup become invalid to you (ny time)?

  • @dc6953
    @dc6953 Жыл бұрын

    Could we have a video on the backtesting metrics for a forex pair?

  • @fornello123
    @fornello123 Жыл бұрын

    What strat do you trade presently?

  • @acelee6063
    @acelee6063 Жыл бұрын

    Thank you so much 💓

  • @TheTradingGuide

    @TheTradingGuide

    Жыл бұрын

    You're welcome 😊

  • @user-tj1gg2pc1u
    @user-tj1gg2pc1u4 ай бұрын

    The time you gave is what time zone?

  • @IKTraderPro
    @IKTraderPro18 күн бұрын

    which high is we need to be considered, this one hour window OR the high of the day?

  • @ahmadsalibi704
    @ahmadsalibi704 Жыл бұрын

    What about usdcad isnt active?

  • @rita_machadosilva
    @rita_machadosilva5 ай бұрын

    Grey area is London session or what?

  • @rita_machadosilva
    @rita_machadosilva5 ай бұрын

    9h30 Ny or London Time?

  • @intra-day-predator3311
    @intra-day-predator3311 Жыл бұрын

    “But the master was faster” that might be your greatest line of 2021 😂

  • @TheTradingGuide

    @TheTradingGuide

    Жыл бұрын

    Haha, yeah.

  • @antonio12544
    @antonio12544 Жыл бұрын

    It does not work on forex?

  • @_ForexPRO
    @_ForexPRO9 ай бұрын

    Greetings sir I watched the video and liked it very much, as well as the next part about some advanced ideas to improve the results But I still have a problem, which is determining the correct time. I live far from the United States with a time difference of seven hours. This means that nine-thirty in your country is four-thirty in my country, and I calculate on this basis, but I have a question to confirm the time, and my question is: Is nine-thirty the opening time of the New York session or It's half an hour after it starts, according to my information?? I hope you care to answer my question Please accept my sincere regards

  • @pabloescaida6205

    @pabloescaida6205

    5 ай бұрын

    Hello @_ForexPRO use the windows clock by writing "clock" in the search box of windows 11. Add New York as a timezone and then there is a converter tool

  • @javanemartin2713
    @javanemartin2713 Жыл бұрын

    Is the high/ low the red line or the black line

  • @TheTradingGuide

    @TheTradingGuide

    Жыл бұрын

    The high/low is the black line (DR) and the red line is the highest or lowest closing prices (IDR)

  • @terrellbennett1685
    @terrellbennett1685 Жыл бұрын

    the only problem is that these pairs are vary volatile so assuming you are going to get en entry after 10:30 may not happen and if you do are entering when 60-75% is already done. Also there is alot of news days so not entering could mean you missing move that are 100 pts are over. It works but just know yu may miss over 80% of moves and may not get an entry

  • @fvm9576

    @fvm9576

    Жыл бұрын

    Who expects a trade set up right after 1030? No one. with enough time on charts knows they. have to wait for the entry setups, confirmations to happen. The 10:30. time is just the end of the windows you're using to find. the IDR and. DR. but you still have to wait for price to move to the FVG, FIB level etc etc or whatever else you use to confirm you can execute the trade. For example todays setup didnt happen until a few minutes before 11:30...thats when you. set alerts so you can jump back on the chart when you get the alert on your phone.

  • @TheTradingGuide

    @TheTradingGuide

    Жыл бұрын

    @@fvm9576 Well said

  • @FXHUBBULGARIA
    @FXHUBBULGARIA4 ай бұрын

    A lot of times both high and low of the DR/IDR are being swept. Idk who came up saying that theres 88% chance if price close above wont come to the low till end of the day /and opposite/ but its absolute bs. Just go back and have a look at it. Its actually bigger chance there will be sweep on both sides lol... Sorry to burst your bubble

  • @Sherwinator
    @Sherwinator Жыл бұрын

    question, regarding the settings? what GMT is this on? how to convert it on our local time?

  • @TheTradingGuide

    @TheTradingGuide

    Жыл бұрын

    It is New York time (UTC-5)

  • @urbaniaccr

    @urbaniaccr

    Жыл бұрын

    @@TheTradingGuide Must change when NYC is (UTC-4) or we leave at default?

  • @countertheo1277
    @countertheo1277 Жыл бұрын

    which timezone is this? EST?

  • @TheTradingGuide

    @TheTradingGuide

    Жыл бұрын

    Yes, New York time.

  • @vicbeckham6011
    @vicbeckham6011 Жыл бұрын

    Name of session indicator please? Thanks

  • @TheTradingGuide

    @TheTradingGuide

    Жыл бұрын

    DR/IDR V1

  • @vicbeckham6011

    @vicbeckham6011

    Жыл бұрын

    @@TheTradingGuide I mean session new york indicator?

  • @TheTradingGuide

    @TheTradingGuide

    Жыл бұрын

    @@vicbeckham6011 Sessions on chart

  • @vicbeckham6011

    @vicbeckham6011

    Жыл бұрын

    @@TheTradingGuide Thanks

  • @m.a3226
    @m.a32266 ай бұрын

    Very good shown perfect examples 😂😂😂 what with results???

  • @The_Pivotal_Trader
    @The_Pivotal_Trader3 ай бұрын

    I've backtested this, and your claim that there's an 80%+ chance that if one of the s/r is broken, the opposite s/r will hold is completely bogus. At least on SPX. I developed a different strategy based on these levels, so thank you for posting this video. I'm not hating on you at all, maybe I missed something and backtested your strategy incorrectly.

  • @folabanjoko1525

    @folabanjoko1525

    2 ай бұрын

    could you please share what strategy you developed

  • @ashokcreater8845
    @ashokcreater8845 Жыл бұрын

    Can I use this to gold

  • @TheTradingGuide

    @TheTradingGuide

    Жыл бұрын

    As always: We have to backtest before we can say 🙂But I will do quite a few backtest the next weeks.

  • @Hammerfest-ot2yh

    @Hammerfest-ot2yh

    Жыл бұрын

    @@TheTradingGuide yes, please. I am also very interested in trading gold.

  • @TheTradingGuide

    @TheTradingGuide

    Жыл бұрын

    @@Hammerfest-ot2yh Ok will do

  • @edgewrld

    @edgewrld

    Жыл бұрын

    NO...

  • @sheemmeem
    @sheemmeem Жыл бұрын

    Bro you don't give signals?

  • @TheTradingGuide

    @TheTradingGuide

    Жыл бұрын

    I plan a discord that will come up netx week hopefully, we will see what I can provide then

  • @mitchellacollado
    @mitchellacollado8 ай бұрын

    Classic the master was faster😂😂😂😂 i would never forget that

  • @jasbdfx4866
    @jasbdfx4866 Жыл бұрын

    I tried to backtest this, and it doesn’t work that well tbh, below 50% win rate.

  • @TheTradingGuide

    @TheTradingGuide

    Жыл бұрын

    My first tests are way above that, will dive deeper and come back with it.

  • @satyamchoudhary9049

    @satyamchoudhary9049

    Жыл бұрын

    Bruh try to spend some time with something new

  • @jasbdfx4866

    @jasbdfx4866

    Жыл бұрын

    @@satyamchoudhary9049 nah

  • @satyamchoudhary9049

    @satyamchoudhary9049

    Жыл бұрын

    @@jasbdfx4866 Your choice

  • @Gligor.

    @Gligor.

    Жыл бұрын

    Your doing it wrong. As all of u 99.9%... that's why people like u fail. Keep it this way. Thanks

  • @LiveSetup1976
    @LiveSetup197611 ай бұрын

    Kłamca