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RTT Trend Short

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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402 views4 pages

RTT Trend Short

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.

Uploaded by

aivatrade
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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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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