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  • RTT Trend Short

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    aivatrade
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    The document provides guidelines for a short-term trading strategy to catch downtrends in the Nasdaq 100 futures contract (NQ). The strategy looks for lower lows and lower highs to trigger an entry below the most recent lower low with a 3 point buffer. Positions are not taken in the first 15 minutes and use a Renko chart with 3 minute intervals to identify entries and exits of 1 ATR for the stop loss and 1.5 ATR for the first profit target. The strategy is still being developed and involves risks.

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    The document provides guidelines for a short-term trading strategy to catch downtrends in the Nasdaq 100 futures contract (NQ). The strategy looks for lower lows and lower highs to trigger an entry below the most recent lower low with a 3 point buffer. Positions are not taken in the first 15 minutes and use a Renko chart with 3 minute intervals to identify entries and exits of 1 ATR for the stop loss and 1.5 ATR for the first profit target. The strategy is still being developed and involves risks.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    36 views4 pages

    RTT Trend Short

    Uploaded by

    aivatrade
    The document provides guidelines for a short-term trading strategy to catch downtrends in the Nasdaq 100 futures contract (NQ). The strategy looks for lower lows and lower highs to trigger an entry below the most recent lower low with a 3 point buffer. Positions are not taken in the first 15 minutes and use a Renko chart with 3 minute intervals to identify entries and exits of 1 ATR for the stop loss and 1.5 ATR for the first profit target. The strategy is still being developed and involves risks.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 4

    NQ RTT Trend Short Playbook V 1.

    0 (July 2023)
    Disclaimer: This system is still being developed. Trade at your own risk.

    Objective: To catch a portion of a downtrend in the NQ Front month continuous contract

    Checklist:

    NQ begins a downtrend, making a lower low & lower high

    Trigger:

    Price action breaks lower low with a 3 handle cushion. (Ex. Lower low is at 13000, entry would
    be at 12997)

    No trades first 15 min. (9:30-9:45 AM ET)

    Chart Settings: Renko (Traditional) 3 min timeframe. (Note: 3 min is an aggressive timeframe. If
    you struggle with trade management it is recommended that you start with a 5 min chart. Same
    rules apply.
    Ex:
    But, Ifs:

    If $ADD is above +1500 = no trade


    If VIX is trending lower = no trade
    Exit Criteria:

    ***1 ATR (5 min) S/L (If ATR > 25, S/L would be 15 handles)
    ***1.5 ATR first profit target (1/2 position off) (If ATR > 25, first profit target is 25 handles)

    For more examples Join Our Discord

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