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INTRODUCTION
This document is one of the inserts in the ETL trading series. The
knowledge in here applies to beginner, intermediate, and expert practice. It
should not be taken lightly. The series consists of a variety of powerful
trading approaches including price action and indicators.
This document contains one of the strategies used in the successful trading
of Nasdaq (Nas100) and Dow Jones 30 (US30) technical and determining
the direction for their 15:30 GMT+2 news releases. The strategy should not
only be used as the determining factor for news direction but should be
used as one of the confirmations for the direction. The strategy consists of
many key aspects which should all be taken into consideration.
What will be taught in this document may or may not work for everyone as
we have different methods of trading. The aim is not to force you into an
analysis approach that does not fit your style or personality but instead
show you how we go about with our own analysis approach. To achieve
profitability and maintain it consistently. For some there will be nothing new
to learn from this document whilst for others there may be something, or
everything new to learn in this document. It’s different strokes for different
folks.
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• We all know that Nas100 and US30 are indexes that measures
performance of largest companies.
• This means that it’s a must that they should always be on an uptrend
because all those big companies are always making a lot of profits
that losses.
• These uptrends that we’re talking about are always seen on larger
times like 4 hours, daily, and monthly.
• Therefore, if you are a long-term trader, you must mostly look for
perfect buy entries on both Nas100 and US30.
• As for down trend entries we’ll also share our thoughts on them.
• In this section we will go through all possible perfect buy entries.
• To follow the uptrend, we look for the following before entering a
trade on both Nas100 and US30:
➢ We check trend lines
➢ V rejections
➢ Break out and retest
➢ Double bottom rejections
➢ Support and resistance
➢ Forming new highs
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• Open your Nas100 or US30 chart on either 4 hours or the daily or the
weekly.
• Draw your trend lines.
• Enter when the market touches and rejects on your trend line.
• The most powerful entry is when the market touches your trend line
and rejects, as simple as that.
• Make sure that your trend lines touch all the ends of the lower lows
• Examples on where to enter are shared below.
• To draw a trend line is simple we bet you all know how to do it.
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Examples of catching buy trades on nas100 and us30 using trend lines
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Example two on how to enter using trend lines on Nas100 higher time
frame.
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• Example below shows entries on us30 using higher time frames trend
lines
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Break out and retest nas100 and us30 on higher time frame
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• Above we see that the market respected the support that was drawn
using red lines.
• Later the market broke the support.
• Went down and came back to retest it and rejected shown with the
blue arrow.
• That’s where you enter a sell.
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• The below works on all time frames but I mostly use 15min chart for
shorts trades.
• We start with v reversals on trend lines or support /resistance.
• This also works when analyzing 15:30 movement.
• To enjoy trading Nas100 and US30 with our strategy always trade
after 15:30.
• Or always trade 15:30 movements.
• With v reversals, you draw your support and resistance
• Also draw your trend lines.
• Wait for the market to touch them after a straight-line movement.
• Then wait for a rejection, once the market rejected and the candle
closed.
• You enter a trade, simple.
• Examples below.
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• Above we see that the market broke previous high with a big candle
• Then retested it
• We buy.
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Nas100 and US30 big candle reversal analysis, 15min chart only.
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• On the above
• Entry is seen straight after the big candle
• Because the candle touched the support and the trend line
• With sell entries it’s the opposite
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• If a support is far from the big candle we sell and exit at the support.
• If resistance is far, we do the same.
• If the market breaks out of a solid resistance or support with a big
candle, we enter trades to continue with the movement
• If the market goes down with a big candle, rejects and later breaks
the rejections we continue with the breakout movement.
• If the market is from a new high and goes down with a big candle we
continue with the market.
• Examples follows
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• Above the market rejected and broke out of the rejections we enter
continuation trades.
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• Above shows that the market broke out of a range and retested it.
• We always enter after the retest.
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Channel range
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Since we know that both Nas100 and US30 are composed of stock listings
from different companies, we can use the top 6 largest companies listed
there, to be able to predict its movement on technical analysis and for news
as well. But for this section we will be using them for news. The top 6
companies we’ll be dealing with are Apple, Microsoft, Amazon, Facebook,
Tesla, and Alphabet.
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5. We then go to the next and repeat the same procedure for the
remaining companies. We will use Microsoft and Amazon for our last
example.
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Same thing with AMAZON, remember that we only deal with Nasdaq
listed with US flag icon.
➢ Once you’ve done this for all companies, you use the majority
performance to get the direction.
➢ If majority is red, you use it for sell confirmation, if it’s green then you
use it for buy confirmation. Use it with the other strategies we gave on
this document to trade Nas100 and US30.
➢ Remember that this also works on technical chart.
➢ For news, take the performance reading before 15:30 on that day.
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• You always open two Nas100 tabs and two US30 tabs on your pc
• Analyse using what I gave you and confirm with system given.
• On the system buy or sell only when the market is outside the trend
tube.
• Buy or sell only when the crimson arrow is seen.
• On the indicator window 1 indicator
• Buy when the blue is below the red.
• Sell when the blue is above the red.
• Simple
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Examples
• Our analysis shows that the market touched our drawn support
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For more information contact Elite Trading Lords using the telegram link
shared on the cover page of this document, or WhatsApp us on
+27766234212 and +27790799626 respectively.
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