The BEST Nasdaq Trading Strategy for Beginners (Full Guide)

These are just a few withdrawals I've made from my accounts this year. And today, I'm going to teach you a NASDAQ trading strategy I wish someone had shown me 18 years ago when I first started trading. I'll show you exactly how I find [music] my trades, what confirms my entry, where I put my stop-loss, and how [music] I decide when to take profit. Then we'll pull everything together using real life NASDAQ trade examples so you can see exactly how the strategy works from beginning to end. My name's Pat. I've been trading for 18 years and [music] trading has helped me build a life I only once dreamed about, including this house that I'm finally close to finishing. And just 8 months into the year, here are three of my verified trading accounts up 450%, 230%, and 191%. But this video isn't about blindly [music] copying my trades or chasing results. It's about giving you a clear, repeatable process that you can test and practice for yourself. So, smash that like button, subscribe to the channel, and let's dive in. Now, to make this NASDAQ strategy as easy as possible, I've broken it down into six parts. Following these rules has helped me achieve a 76.2% win rate in my live streams here on YouTube. They also helped me capture this $5,000 position in just 35 minutes. So, by the end of this video, you'll have a complete NASDAQ trading checklist built from my 18 years of experience that you can follow before entering any trade. So, let's start with part one. So, this all starts with one candle. Step one, we just want to analyze the 15-minute candle at 9:30 a.m. Eastern. So, you're just analyzing that candle that opens, it goes up, it goes down, and then the candle closes. That's step one done. Next is step two. Let's mark up the range. Still on the 50-minut time frame here, we're just going to mark out the top wick and the bottom wick. That is going to be our range high and our range low for the day. Now, before going to step three, if you're having troubles with the time, simply come to the bottom right here, click UTC minus4 New York. Then come to the top right here, click indicators, type opening range, and grab the Lux ALGO opening range breakouts with targets. The top left here, you can click settings, and all you need is the time period 15 minutes, 9:30 to 9:45, UTC minus 4, and it will actually draw this range for you. And the last step of part one is coming to the M5 time frame and waiting for the price to break and close above or below our range. So let's click on the five minute time frame. Zoom out a little bit right here. And now we're just going to watch the price to see if we can get a break and close above or below the range. And we just got that with this candle breaking and closing above the range right here. So this tells me I'm going to be looking for buy trades. And as I zoom out here, you can see these are big candles telling me that the buyers are really in control this morning. Now, we're into part two, the entry rules. And for step one, we just have to pick the best discretionary level to take a trade from. So, we had the break and close outside the top. We know we want to buy. Where do we want to buy from? Now, the most common areas would be buying from the break and retest right here. So, we wait for that pullback. buying from the range midline if we think price is going to pull back further potentially to a fair value gap or even buying from the bottom of the zone which would require a very steep pullback to this level of demand. Now in this case as I continue to play price out you could see price is really running away from our zone. So in a scenario where we have so many green candles I'm not expecting the price to pull back as far. So obviously that means step one and step two are complete because step two we were just waiting for that pullback. And for step three, we're setting up the limit or the execution order. So depending on how much conviction you have in the trading position, you can put a limit order right here, which means as soon as price taps that level, it enters the trade and you're off to the races. Or maybe you wait for a reaction like a bullish engulfing candle pattern, something like this, and you take a market execution trade. But in order to do that, you've got to be on your computer ready to hit that buy button at the right time. As you can see, we smash our takerit right here. So, we're already done two parts of my NASDAQ [music] trading strategy. If you're getting any value from this, please smash the like button and let's jump into part three. Now, we're into part three, levels. This part is really, really easy. So, for step one, we're just setting up our support and resistance on either the M5, the M15, or the H1. You can see on the bottom right hand side we just won our buy position right there. Now let's set up some levels. Look, you can see at the top here we have our extreme level of resistance. This is the top of the market on NASDAQ. And at the bottom here you can see we have our extreme level of support. When price is at resistance, it pushes down, pushes down. And when price is at support, it pushes up, it pushes up. So quite simply we want to look for sell trades when the price is up here. [music] We want to look for buy trades when the price is down here. That's it for step one. And step two is analyzing the range distance with the Fibonacci. So if we take the Fibonacci retracement tool from the top left, we can basically just put that on the range on one side, pull it up to the range on the other side, and all we're looking at is the 50% level. Anything below that level is discounted price, an area we want to be buying from, right? Basically, buy low, sell high. You know, that's it. And step three, I already told you, buy from support, sell from resistance. Now, before we get into the next part, my EMA confirmation trick. I showed you a bunch of broker withdrawals earlier in the video, including this huge withdrawal just this past week with my current favorite brokerage. So, if you're wondering where I'm trading, it's with the Risen FX broker. The link is in the description. Registration is free, spreads are low, execution times are amazing. So, register, get yourself a live account today with a 200% deposit bonus. Let's get back to the video. So, for part four, step one, we just want to set up two EMAs, the 9 and the 21. So, we're back on our original trade. Come up to indicators. Type EMA. Click on this one two times. Come to settings here. Make the length 21. Make the style blue. Click okay. The other one, let's make the style white and the inputs nine. That is step one complete. And for step two, we want to use the 9 EMA crossing the 21 as confirmation. So, let's scroll back and see what happens. We've we've got a cross right here to the downside and then price pushes down aggressively. Then we finally get our first cross right here to the upside and price pushes up. And so when I see this candle cross right here and I get the break and close and I get a pullback to the area I want to take my trade from, then I'm feeling really good about my trade opportunity. Because when we get across like this, it generally indicates price is pushing up aggressively on that 5-minute time frame. Back test it yourself. Tell me I'm not right. Okay, you can do that in the comments if you want to. That's fine. Now, that's four steps done. We've only got two more to go and then I'll show you some live trade examples, too. We're now into part five, daily bias. Step one, change the chart to daily candles. So, you can see at the top right here, I'm on the daily candle. Step two, we're going to mark the previous day's high and low. So that's the previous day's high. This is the previous day's low. Step three, we want to analyze candle closures. So on this next candle, we're going to see if it takes out the high or the low and where it closes. Right there, it took out the low and there it closed. So right here, the candle took out the previous low and then it closed back inside. For me, because it closed back inside, that tells me the next day is going to be bullish. So you can see right here price pushed up and it was a bullish day. And then I can mark up the next candle, right? The high and the low. So what happened? This price took out the high and then it closed above the high. So I'm going to be bullish again. So I would be looking for buys on the day. Now, this doesn't always work perfectly like this, but this is something you can use in your trading to try and get a little bit more of an edge to get that higher win rate. And step four, the overall market bias is kind of always buys. If we scroll all the way out here on NASDAQ, what do we see? We see a market that goes up, right? Generally, this market is going up. And that's the nice thing about trading NASDAQ or S&P 500 is that the market bias is heavily weighted toward buys. So if you're being picky, it's easy to wait for pullbacks and get in for buy trades. So we just did step four and step five, I don't use step five that much in my current trading, but step six I use every single day. It is completely required as part of my NASDAQ trading strategy. So let's wrap up part six and then get into the live trade examples. So step one, we set up our take-profit one and our stop loss. So I'm on the five minute time frame. I've got my range. I mark it up. I wait for price to break and close out the bottom of that range. That's exactly what I get right there. In this example, I mark up a level of supply. That's the area where price pushed down aggressively from. I had the EMA cross already telling me we're going down and I'm waiting for price to come back into that supply. That's where I could get into a trading position. So right there, I'm back in the supply. I can go short in the supply or I can go short after we've got the reaction here. I would put my stop loss above the range right here. Just above the range, right? This was the last highest level. And my takerit, I would pull down to this level right here because price recently reached this level. For step two, I'll take a partial profit and then I'll set that trade to break even. So, as the trade continues to play out, I'm looking for a place where I'm going to take my first takeprofit. So, not here, not yet. Right here is where I'm going to take it. At this level, right here, we often see the price reject off the bottom of the range using the bottom of the range as a level of support. So, at that level, I may take 30% of my position off. So, on a $1,000 position right there, I would have made $300. Then I will take my stop loss and I will move it to break even just like this. Okay, this way if the trade goes against me off the bottom of the range, I just get knocked out at break even. I've already made my $300, making it a riskfree position. So let's go ahead and continue to play the position out. Luckily, we rejected off of that level, broke through the bottom of the range. That's always a level I'm looking at. We then retested the range right there, which is a good sign that we're going to continue down. price pushed down a little bit further and finally smashed my takerit right here, which would close out the position for a full 1,000. So, that was the sell example. Now, let's look at a buy example. We have our range set. Price comes and breaks out the top of the range. That tells us we're looking for buy trades. And then we're simply waiting for price to pull back to our level. Now, this was a huge push up. So, what am I looking at? Well, you can see right here I've got a strong fair value gap. So, that's the area I'd be looking to get into the trading position. So, when price pulls back to that level, look, I could get in right at the fair value gap. I could get in at the candle closure if I wanted a little bit of an extra confirmation. My stop loss, I'll put it down here below the or began. Right? Since we're taking the trade at the middle of the range or near the top of the range, I'll set my stop loss below the range and below this wick. You can also look at this wick over there. If you wanted to put it below that, you could. And for my takeprofit, look, if I have recent price, I'm going to target it, right? So, look, we reached this area before recently. So, I would expect price to come back to that level again. And so, let's let the trade play out here. What exactly would I be looking at? Well, I would be looking at one area to get a little bit of a partial takeprofit. I would probably take that about there. Okay, you can see this is about halfway into the move. If we scroll over, you can see price did react off of this level in the past as well, right? You can see price reacted down off of this level. So, that is a level that I would take my first partial profit at. So, right there, let's say I would take about $300 out of the trading position. And then I would slide this all the way up like this. So, now it's a risk-free trade. And then I would let that position play out. Look, it almost came back to my break even there. It didn't hit my break even, thankfully. And then price started shooting back up again. And then retested that area, right? You can see, look, it retested that area after breaking through. That was a strong level. That's what I wanted to see. And then I smash my takeprofit perfectly. And then you can see, look, we start reacting down, right? Because that is the recent level of resistance. And if we play that out, what happens? Look, we do react down off of that level, right? Consolidate for a fair [music] bit and then move back up. So that is all six steps. Now we have to get into the live trades because, you know, anyone can cherrypick old trades. I have to show you trades I've actually taken. Now it's time for some live trading examples. These are NASDAQ trades I took on my live trading account and maybe we could catch one in progress if we're lucky. So for this sell trade, let's go through all the steps. I'm on the 15minute time frame and I'm just getting that first candle of the day. So I'm just waiting for that thing to open and close. Mark out that high. Mark out the low. Jump to the 5minut time frame. Then what am I doing here? I am waiting for price to break out the top or the bottom to give us some sort of indication where price is moving for the day. You can see we broke there. That's my candle closure. And if we look left, we didn't really have anything else. Right? So for me, that was my main level of resistance right here. Right? Price came down, tapped that level, pushed up, tapped that level. So that is my level of resistance or support. Right? That was my support level right there. Once we broke through that level, I decided I was going to get into a short right here. Okay, so I set up my range. I waited for the break and close. I already moved into entry rules. I set up my discretionary level. And the next thing is waiting for that pullback and setting up the limit order. So on this one, I set my limit order right on that line right there. Okay, that's where I wanted to get into the trade because we broke through that level of support right there. I just wanted a small pullback to enter the trade right here. So that means my limit order is set. Next thing I'm doing is levels, support and resistance. So for this one, we could go to the higher time frame, but I'll just scroll out a little bit here. You can see we do have a clear level of resistance right here. You can see price rejected off of this level one, two, and rejecting off of this level a third time. So we're feeling the cells right now. And we zoom out a little bit further. There's not much else to go on. I had a level off of this candle right here, right? because we had an aggressive push out of that area. That could be considered a level of demand. So, I marked that candle up right there and I pulled that all the way across. That could have been an area for me to target. But that's basically the range I was looking at right there. Below that, we're all the way down here. So, not much to speak of in terms of support and resistance. The bottom line is if this is our range, we are selling from the resistance, buying from the support. So, this is a pretty nice level to carry the price down. For step four, this isn't always a confirmation that I use, but let's throw those EMAs on the chart. And you can see we actually do have a cross in those EMAs right there telling us price is likely to continue downward. And for part five, step five, I did not do daily bias on this trading position. Again, this is not something I do on every single trade. So, part six, let's go right into managing the trade. So on this trade I was looking at a riskreward ratio of 1:2. Okay. So I was risking about 1% here to gain 2% on my trading account. This next candle tapped me into the trade. It started to push down a little bit. I did not take a partial on this trading position until halfway. So I took my partial profit around this candle right here on this position. That was about 1,500. It was a large position. Then I let price continue pushing down and it only took a couple more candles there where I collected the rest of the position which was another 3500 or so for a really really big trade. All right, we're doing something special here. I've got my live stream setup going right now and I'm in a live trade using the strategy I just taught you today. I just got off stream. So what exactly am I looking for right now? You can see here we had the top of the range set. We had the bottom of the range set. We had the candle closure below here on NASDAQ. Price pushed up to our flip zone used as support right here. Used as resistance right here and resistance again. And I think I'm going to close this trade out here for >> [snorts] >> $6500 in profit. An absolute banger on my live account live. Look, no one's doing it this way. Make sure to check me out on stream. I hope you like this trading strategy. Please like the video, comment, check out the links in the video description for my VIP, for my trading robot where I trade. And I'll be back next week. Much love.