Nasdaq (NQ) Strategy

[whatgujarateats]

1. Identify a strong trend in the NQ. This could be a trend up, down, or sideways.
2. Wait for a pullback in the trend. This is a good opportunity to enter the trade.
3. Set your stop loss at the point of the pullback. This is your maximum risk on the trade.
4. Set your target profit at 2 times your risk. This means that if your stop loss is $100, your target profit would be $200.
5. Monitor the trade and exit when your target profit is reached or your stop loss is hit.

Here is an example of how this strategy could be used:
Let's say the NQ is in a strong uptrend. The price has been rising steadily for the past few days. You identify a pullback in the trend at the 10,000 level. You decide to enter the trade by buying 10 contracts at 10,000. Your stop loss is set at 9,900. Your target profit is set at 200 points, or 10,200.
If the price rises to 10,200, you would exit the trade and take your profit of $200 per contract. If the price falls below 9,900, you would exit the trade and take your loss of $100 per contract.
This is just a simple example of how a 1:2 risk reward strategy could be used in the NQ. There are many other factors that you would need to consider before entering a trade, such as the overall market conditions, the volatility of the NQ, and your own risk tolerance.
Here are some additional tips for using a 1:2 risk reward strategy:

• Use a stop loss to limit your losses.
• Set a target profit that is twice your risk.
• Monitor the trade and exit when your target profit is reached or your stop loss is hit.
• Be patient and wait for the right opportunity to enter a trade.

By following these tips, you can increase your chances of success when using a 1:2 risk reward strategy in the NQ.

 

[Tm13]

thank you for sharing your strategy, I'll try to follow it and I'll let you know.