US30 Simple 8:am Strategy

Today I'm explaining a very simple strategy that I use for trading US30 during the NY session.

Basically just wait for the 8:am EST candle to close
Once the candle closes, if it's red, you would enter a sell position with a 100 point profit target with a stop loss at 100 points as well. If it's green, enter a long position with a 100 point profit target and 100 point SL.

If you end up getting stopped up, it's not a big deal. The following day you would just double the position size.

Make sure you avoid trading Wednesday especially if there's anything related to the FED such as an FOMC.

In terms of volume size to trade, for every $100k, start with a 1 standard lot position. If stopped out one day, the following day trade 2 lots, or execute two 1 standard lot positions at the same time.

This is a very simple strategy with an 80% win rate.

That's it - That's all
Trade Safe