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9:30AM - 10:00AM
US30 generates tons of volume right at the market open, we capitalize on this by scalping in both directions based on price action.
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1:4 Risk to Reward
A strategy that doesn't require a high hit rate.
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US30 generates tons of volume right at the market open, we capitalize on this by scalping in both directions based on price action.
A strategy that doesn't require a high hit rate.
US30 is a popular index for day traders due to its representation of the U.S. economy, historical significance, high liquidity, volatility, and widespread accessibility.
US30 is notorious for its strong movements and volatility, especially at the market open of the NY Session that overlaps with the London session, providing tons of market activity.
All of this volume comes with liquidity in the markets, meaning we are more likely to be able to get in and out of our trades at the prices we want, without massive slippage issues.
This strategy takes advantage of the fast movement and plethora of liquidity in the market open. Due to the extreme volatility, we are scalping on the 2 minute timeframe instead of the 1 minute, this helps us reduce some of the unwanted false moves.
We get in and get out quickly in this strategy, often with trades hitting TP levels in the first few candles of the trade.
If we reach a TP4 on the first trade of the day, we will stop trading for the day and take our victory. Otherwise, we will take up 4 trades before 10:00AM, typically only 1-3.