My Daily NAS100 analysis

11 may 2023

Firstly we focus on trend and market structure because we do not want to trade against the market unless it's a pullback, and we want to be on the right side of the market when entering a trade. We analyze on a higher timeframe and execute on the lower timeframe because we catch big moves earlier and we can have a better risk to Reward ratio. Secondly, we draw up OTZ(Optimal Trading Zone) levels based on recency and frequency; meaning we find the trend, then find recent structure or level that was broken, we then mark out that area using horizontal lines, once that has been done you then look left to see if this level/zone has been tested multiple times, finally place a box at that level. If the price is at an OTZ level on an uptrend we look for a shooting star candle stick followed by a red candle, we also make use of the Double Top.