Best US30 Trading Strategy (In Depth Tutorial)

In today's tutorial we'll be going over the Best US30 Trading Strategy. The US30 is very popular among small account traders, and they will often use a scalping strategy to effectively trade it.

So if you want to know how to trade the US30 and are looking for the best US30 forex trading strategy, make sure you don't miss out on this video!

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So for the first step of this strategy we’re going to need to bring up a 4 hour chart of the US30. Now, this is a very important step because it will actually allow us to determine the current market environment, which we can then apply to the remaining steps of the strategy. So depending on what we see on the 4 hour chart, this will influence what we do next.

As a general rule, you do not want to be trading against a strong trend on the 4 hour chart, at least not unless you have a very good reason to do so. For example: Here we can see that on the 4 hour chart the us30 is in a very strong uptrend. We can tell this by doing some simple candlestick analysis. We have multiple consecutive green candles appearing in this uptrend, one after another. Whereas whenever a red candle appears we see no more than 1, 2 or 3 red candles in a row. The type of candles we see also influences the strength of the uptrend. You’ll notice that the green candles are consistently closing near their highs, showing strength in the market. Whereas the red candles are often small and have these lower wicks at the bottom of them, showing weakness from sellers.

It’s not until we have this large red candle form that we see the very first sign of strength from sellers. So what this means for you, is that all throughout this uptrend you would want to make sure to avoid any sell trades, at least until we had this stronger red candle form. This applies across all timeframes. I know that we’re currently looking at a 4 hour chart, but if you were trading on the 1 hour chart or the 15 minute chart during this period of time, you would be far better off avoiding sell trades entirely, due to the strong uptrend on the 4 hour chart.

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Beauty Flow by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/5025-beauty-flow
License: http://creativecommons.org/licenses/by/4.0/

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DISCLAIMER:
Foreign exchange trading on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Past performance is not indicative of future results. The information presented today is not meant for use in live trading.
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Видео Best US30 Trading Strategy (In Depth Tutorial) канала Trading Beacon