NAS100 Breakout Setup – Yesterday’s High & Low
Chart & Levels:
Buy Stop: Placed at the previous day’s high (see the green line on the chart).
Sell Stop: Placed at the previous day’s low (red line on the chart).
Idea & Rationale:
I’m using a simple breakout strategy that allows price action to confirm direction before I commit. If NAS100 breaks above yesterday’s high, I’ll go long, expecting bullish momentum. If it drops below yesterday’s low, I’ll go short, anticipating further downside.
Trade Management:
Stop Loss: Use recent swing highs/lows or an ATR-based buffer to avoid getting wicked out.
Take Profit: Aim for a minimum 1:2 risk-to-reward ratio, adjusting as the market evolves.
Position Size: Maintain proper risk management; only risk a small percentage of your account on each trade.
Why This Setup?
Clarity: Using the previous day’s high/low is a straightforward way to spot potential breakouts.
Volatility Capture: NAS100 often makes sizable moves around session opens (especially NY). This setup attempts to catch the momentum.
Risk Control: Waiting for a breakout confirmation helps reduce false entries in choppy markets.
Key Notes:
Watch out for major news events (economic releases, tech sector earnings) that could trigger sharp moves.
Keep an eye on the overall market sentiment; if there’s a strong risk-on or risk-off environment, that can impact NAS100 direction.
Buy Stop: Placed at the previous day’s high (see the green line on the chart).
Sell Stop: Placed at the previous day’s low (red line on the chart).
Idea & Rationale:
I’m using a simple breakout strategy that allows price action to confirm direction before I commit. If NAS100 breaks above yesterday’s high, I’ll go long, expecting bullish momentum. If it drops below yesterday’s low, I’ll go short, anticipating further downside.
Trade Management:
Stop Loss: Use recent swing highs/lows or an ATR-based buffer to avoid getting wicked out.
Take Profit: Aim for a minimum 1:2 risk-to-reward ratio, adjusting as the market evolves.
Position Size: Maintain proper risk management; only risk a small percentage of your account on each trade.
Why This Setup?
Clarity: Using the previous day’s high/low is a straightforward way to spot potential breakouts.
Volatility Capture: NAS100 often makes sizable moves around session opens (especially NY). This setup attempts to catch the momentum.
Risk Control: Waiting for a breakout confirmation helps reduce false entries in choppy markets.
Key Notes:
Watch out for major news events (economic releases, tech sector earnings) that could trigger sharp moves.
Keep an eye on the overall market sentiment; if there’s a strong risk-on or risk-off environment, that can impact NAS100 direction.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.