New York Session Scalping Strategy: Trading Nasdaq with High Winrate @themas7er

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:

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:

Here you can find my TradingView indicators on this page:

[johnk.muckian]

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!

[alanconroy]

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.

[ever]

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

[niklas]

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?

[dc]

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

[IKTraderPro]

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

[intra-day-predator]

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

[Businesnick]

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

[Akr]

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

[Sherwinator]

do you use CBDR? can we incorporate it here?

[terrellbennett]

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

[netram]

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

[FXHUBBULGARIA]

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

[_ForexPRO]

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

[m.a]

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

[The_Pivotal_Trader]

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.

[Sherwinator]

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

[javanemartin]

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

[vicbeckham]

Name of session indicator please? Thanks

[mitchellacollado]

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