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Judasswing

Trading NZDUSD | Judas Swing Strategy 05/11/2024Last week concluded with a 3% gain using the Judas Swing strategy, which yielded three trades in total: two on EURUSD and one on NZDUSD. The EURUSD trades resulted in one win and one loss, while the NZDUSD trade closed with a win. These results have set the stage for a thrilling week ahead in the markets, and we can't wait to see what unfolds! As usual, we arrived at the trading desk at 8:25 EST to delineate our trading zones. Once these zones have been marked we need to wait for the high or low of this zone to be swept, this step is essential to help us get a bias for the trading session. After 40 minutes, the liquidity at the high of the zone was swept, indicating that we should look for potential selling opportunities in this session. While we may lean toward a sell this session, we hold back from entering until we see a clear structure break on the sell side. During this shift, price should create a Fair Value Gap, giving us an optimal entry point to step into the trade. After an hour's wait, we finally got a Break of Structure on the sell side, which also resulted in a Fair Value Gap being created. To fulfill all the entry criteria on our checklist, we must wait for price to retrace into the Fair Value Gap that has formed, and we can only execute the trade once the candlestick has closed. After 10 minutes a candle entered the Fair Value Gap, indicating that upon its closure, we may proceed with executing the trade. By risking just 1% of our account for a potential 2% gain, we reduce emotional attachment, knowing the loss is manageable, while positioning ourselves for greater rewards. Shortly after entering, the trade went into a drawdown; however, since we had risked an amount we were comfortable with losing, the current state of the trade did not move us. Upon reviewing the position after some time, we noticed that the trade had started moving in our favor, although it hadn't moved much from the entry price. Given the average trade duration of around 11 hours for the strategy, there’s no rush, we simply need to wait for the setup to deliver as expected. While the trade didn't reach our desired outcome and we took a 1% loss after the stop loss was hit, we remained unaffected because we were fully prepared for this potential outcome.
by CleoFinance
Trading GBPUSD | Judas Swing Strategy 15/10/2024Last week proved challenging for the Judas Swing strategy, with three consecutive losses and no wins, which heightened our anticipation for this week. Will we be able to break this losing streak? We'll soon find out. We typically arrive at our trading desks five minutes before the session starts to delineate our zones and settle into the trading rhythm. After delineating our zones, the next step is to wait for a sweep of a high or low of the trading zone, which will assist us in establishing our bias for the trading session. Forty-five minutes later, price swept the liquidity at the high, indicating that we should look for selling opportunities during this trading session. A few minutes after the high was swept, we observed a Break of Structure (BOS) on the sell side, which was encouraging as we avoid entering trades without analysis, even with a sell bias established for the session. Upon identifying the BOS, the next step is to find a Fair Value Gap (FVG) within the price leg that broke structure. The final step in the entry checklist is to wait for price to pull back into the Fair Value Gap (FVG) and to execute the trade only after the candle that enters the FVG has closed. Shortly after, a candle entered the FVG, indicating that we could execute our trade following the close of the candle. It's crucial to understand that by risking only 1% of our trading account for a potential 2% return, we minimize emotional attachment to the trades since we're only risking what we can afford to lose, and we stand to gain more than we risk. After executing the trade, we experienced a significant drawdown, which is a critical point for those who risk more than they can afford to lose. After a patient wait, the trade has turned around and begun to move in our favor, which is thrilling. However, we must still keep our composure as the objective has not yet been achieved According to our data, we can anticipate being in a position for an average of 11 hours, so the duration of this trade meeting our objective is not a concern; we simply need to remain patient for it to occur. After 15 hours and 20 minutes, our patience was rewarded when our take profit (TP) target was reached, resulting in a 2% gain on a trade where we risked 1%.
Education
by CleoFinance
Trading EURUSD | Judas Swing Strategy 08/10/2024Traders become enthusiastic with the start of a new week, as it presents an opportunity to capitalize on the market's offerings, and we were hopeful of entering into profitable trades this week. We arrived at our desks at 08:25 EST, energized and prepared to trade. With five minutes remaining before our trading session begins, we prepared by delineating our trading zones. After defining our zones, we wait for price to sweep the high or low of the trading zone, as this will help us establish a bias for the trading session. After five minutes, a sweep of the trading zone's low occurred, indicating that we should look for buying opportunities during this trading session. Shortly after the low sweep, we observed a Break of Structure (BOS) to the buy side, leaving behind a Fair Value Gap (FVG). This means that all that remains before we can initiate a trade is to wait for the price to retrace back into the FVG. Once the next candle enters the Fair Value Gap (FVG), we can initiate the trade after the candle closes. We should verify that the entry price and low of the price leg that broke structure is at least 10 pips. If it's not, we'll set our stop loss at 10 pips and place our Take Profit (TP) at twice that amount. To minimize emotional attachment to trades, we risk only 1% of our trading account and target a return of twice that amount if the trade moves in our favor. After a short while, we reviewed our position and discovered we were in a drawdown, which was acceptable to us since we had only risked what we were prepared to lose. Subsequently, we received an alert indicating that our position had reached our stop loss. It's crucial to understand that incurring losses is a normal part of trading, particularly when you have data supporting your strategy's long-term profitability. The best course of action is to learn from these losses to improve your trading skills.
by CleoFinance
Trading EURUSD | Judas Swing Strategy 01/10/2024The Judas Swing strategy is straightforward and can be incorporated into any trader's toolkit. It is a well-tested approach that has shown effectiveness when its guidelines are adhered to. The strategy offers a favorable risk-reward ratio, risking 1% to potentially achieve a 2% return. In this post we intend to walk you through a recent trade we took on EURUSD using this strategy. We arrived at our trading desk at 08:25 EST, where we began by demarcating the zones for the trading period. This involves drawing vertical lines on the 00:00 and 08:30 EST candles. Following this, we mark the highs and lows within these zones, as they will serve as the liquidity pools for our trading session. The subsequent step on the checklist is to observe whether the high or the low of this trading zone is breached, as it will guide our bias for the trading session. Five minutes later, the low of the zone was breached, indicating that we should be on the lookout for potential buying opportunities during this session. Even with a bias for the session, we don't execute the trade blindly. The next step on our checklist is to wait for a break of structure to the buy side. This break of structure must leave a Fair Value Gap (FVG) behind. Once the structure is broken and the fair value gap (FVG) conditions are met, the next step is to wait for the price to retrace back into the FVG. A trade should only be entered after the candle that moves into the FVG has closed. After 10 minutes, price retraced and closed within the Fair Value Gap, fulfilling all the conditions on our entry checklist, allowing us to execute our trade. For stop placement, we use the lowest point of the price leg that broke the structure, provided it satisfies specific conditions. The minimum stop loss applied is 10 pips because a tight stop loss is not desirable, as it doesn't allow the trade sufficient room. In this instance, using the low would have resulted in a 4 pips stop; therefore, we extended it to a 10 pips stop loss with a 20 pips take profit and executed the trade. It's important to note that we risked only 1% of our trading account, an amount we're comfortable with losing, thereby eliminating any emotional attachment to this trade. Consequently, we are at peace with the outcome of this trade, be it a win or a loss. The result of this trade was a loss, which we accepted because we understand that the win rate for this strategy on EURUSD is around 50%, indicating that losses are inevitable with this strategy. However, as our winning trades typically outweigh our losses over time, this strategy should yield positive returns, making it unnecessary to focus on a single loss. Moreover, this post serves as a tutorial on how to trade using the Judas swing strategy and emphasizes that incurring losses is a normal aspect of trading.
by CleoFinance
Trading EURUSD | Judas Swing Strategy 05/09/2024At 08:25 EST, we were at our trading desk, eager for opportunities the trading session might offer. We began our session by marking out our trading zones. After an hour and a half, we observed a sweep of liquidity at the high of the zone, signaling potential selling opportunities in this trading session. Shortly after the liquidity sweep, there was a structural break to the downside, bolstering our confidence in the emerging setup. The next step was to wait for a retracement into the freshly formed Fair Value Gap (FVG). We have finally seen price trade back into the Fair Value Gap (FVG). After the closure of the candle that retraced into the FVG, we can execute our trade since all the criteria on our checklist for trade entry have been fulfilled. This trade experienced a drawdown for just five minutes before price began to move favorably in our anticipated direction. Patience is key as we await the trade's result. Whether it results in a win or a loss, we are prepared for either outcome since we have risked only 1% of our account, targeting a 2% return. Upon reviewing the position, we found it had returned to our entry point. At such a juncture, traders who have risked more than they can afford may panic. However, our comprehensive backtesting data on this strategy reinforces our confidence in the strategy, risk management approach and the importance of trusting the process. We were unlucky this time as the trade hit our stop loss and we lost 1% on this trade. The Judas Swing strategy is a simple strategy any trader can add to their arsenal. A trader simply needs to be present between 08:30 and 11:00 EST to look for trading setups. While not the "holy grail", this strategy boasts a win rate of approximately 50% and a risk-reward ratio of 1:2
Education
by CleoFinance
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Trading AUDUSD | Judas Swing Strategy 21/08/2024Last week, the Judas Swing strategy produced just two trades, both on EURUSD. It served as an excellent lesson in risk management; despite having one win and one loss, we concluded the week with a profit, securing a 1% gain. Even during a slow week, we concluded on a positive note, and it's these small victories that sustain a trader's enthusiasm for the new opportunities each week brings. As is customary, at 8:25 AM EST, we commenced the day by reviewing the essential items on our Judas Swing strategy checklist, which comprises: - Setting the timezone to New York time - Confirming we're on the 5-minute timeframe - Marking the trading period from 00:00 - 08:30 - Identifying the high and low of the zone We now wait for the high or low of the trading zone to be swept, which would guide our bias for the session. After 1 hour and 35 minutes, the low of the zone was swept, indicating that we should look for buying opportunities during this trading session After 35 minutes, there was a break of structure (BOS) to the buy side, leaving behind a Fair Value Gap (FVG). Now, all that remains is to patiently wait for price to retrace into the FVG, presenting us with a trading opportunity The subsequent candle formed a bearish marubozu, closing the gap left from the previous upward move. We executed our trade after the candle's closure, as it met all the criteria on our checklist After executing our trade, we experienced minimal drawdown as the position quickly turned profitable. These are the types of trades we all hope for, aren't they? All we need to do is wait for our Take Profit (TP) to be reached, right? Let's observe the outcome. Price got close to our TP and then began retracing. This is the moment when traders who have not thoroughly backtested their strategies might panic and close their trades prematurely. Some may consider moving their stop loss to break even; however, our backtesting data shows that this approach does not benefit us in the long run, as price may hit the break even point and then proceed in our anticipated direction. Therefore, in such situations, we should not panic; instead, we patiently wait for either our TP or Stop Loss (SL) to be triggered. Price returned to our entry point, and at this juncture, traders who risked more than they could afford are likely experiencing an emotional roller coaster. However, we remained undisturbed since we only risked 1% on this trade with the aim of achieving a 2% return After 3 hours and 30 minutes, our Take Profit was triggered, and our patience paid off as we hit our target on AUDUSD, resulting in a 2% gain from a 1% risk on the trade.This trade served as an excellent illustration of the importance of patience and adherence to your trading plan. We hope you have gained some insights from this.
by CleoFinance
Trading EURUSD | Judas Swing Strategy 12/08/2024We ended last week on a positive note, with four trades taken and three big wins on #EURUSD, #GBPUSD and #NZDUSD. This success has heightened our anticipation for the opportunities this week may present. We began our trading day at 8:25 EST by marking the zones for the Judas Swing strategy. This is a fundamental part of the checklist and cannot be skipped. After an hour and 5 minutes, there was a sweep of liquidity at the high of the zone, indicating we will be looking for potential selling opportunities this trading session. Following the liquidity sweep, there was a break of structure (BOS). Now, we simply need to wait for price to retrace into the fair value gap (FVG) that was created before entering a sell position. Although we had a bias for the trading session, we do not rush into every selling opportunity. Instead, we wait for a Break of Structure (BOS) on the sell side. The price leg that establishes this BOS should leave behind a Fair Value Gap (FVG), and price must retrace into this FVG before we consider executing a trade using this strategy. After 30 minutes a bullish candle filled the FVG, indicating that upon its close, we could execute our trade as all the prerequisites for entry on our checklist were satisfied. Our position was profitable for approximately 15 minutes before plunging us into a drawdown. During this drawdown period, we remained composed because we had a solid risk management strategy and only risked what we could afford to lose. We allocated just 1% of our trading account to this trade, targeting a 2% return. After 30 minutes into the trade, our stop loss was triggered, resulting in a 1% loss of our trading account. It's important to note that incurring losses is a normal part of trading. This particular strategy has a win rate of approximately 50%. However, with a positive risk-reward ratio of 1:2, adhering to this strategy can lead to consistent profitability in the long run.
by CleoFinance
Trading NZDUSD | Judas Swing Strategy 06/08/2024Every trader relishes ending the trading week positively, and that was precisely our experience last week. The Judas Swing strategy produced two trades, one on EURUSD and the other on GBPUSD, both of which turned out being winners. This positive experience has heightened our excitement for the possibilities that this week may bring. As is customary, at 8:25 AM EST, we commenced the day by reviewing the essential items on our Judas Swing strategy checklist, which comprises: - Setting the timezone to New York time - Confirming we're on the 5-minute timeframe - Marking the trading period from 00:00 - 08:30 - Identifying the high and low of the zone After 25 minutes, there was a sweep of liquidity at the low of the zone, indicating we will be looking for potential buying opportunities this trading session. Following the liquidity sweep, there was a break of structure (BOS). Now, we simply need to wait for price to retrace into the fair value gap (FVG) that was created before entering a buy position. The subsequent candle entered the Fair Value Gap, indicating that upon its close, we could execute our trade as all the prerequisites for entry on our checklist were satisfied. This position barely experienced any drawdown, as it became profitable 25 minutes after executing the trade. We risked a mere 1% of our trading account, aiming for a 2% return from this trade. All that remained was to wait patiently, having already accepted the outcome of our trade, be it a win or a loss. Based on the data collected for NZDUSD, we anticipate an average trade duration of six hours and fifteen minutes. After 45 minutes, our Take Profit was triggered, and our patience paid off as we hit our target on NZDUSD, resulting in a 2% gain from a 1% risk on the trade.
by CleoFinance
Trading EURUSD | Judas Swing Strategy 30/07/2024Risk management ought to be a trader's closest ally, as the previous week demonstrated the practical significance of incorporating risk management into every trader's toolkit. Last week, we executed four trades; despite having only one win and three losses, we concluded the week with a mere 1% loss on our trading account. This has heightened our excitement for the opportunities that this week may present. As is customary, at 8:25 AM EST, we commenced the day by reviewing the essential items on our Judas Swing strategy checklist, which comprises: - Setting the timezone to New York time - Confirming we're on the 5-minute timeframe - Marking the trading period from 00:00 - 08:30 - Identifying the high and low of the zone The next 5 minute candle swept liquidity resting at the low of the zone, which meant our focus would be on identifying potential buying opportunities for the trading session. To increase the likelihood of success of our trades, we wait for a break of structure (BOS) towards the buy side. Once the BOS occurs, we anticipate price to retrace to the initial Fair Value Gap (FVG) created during the formation of the leg that broke the structure. We patiently waited for price to retrace into the created Fair Value Gap (FVG), and executed our trade upon the closing of the first candle that entered the FVG, as all the conditions on our checklist for trade execution were satisfied. Please note that our stop loss is set at the low of the price leg that broke structure, and we implement a minimum stop loss of 10 pips. The minimum stop loss value was not chosen randomly; it was determined through extensive backtesting. This allows trades sufficient space to fluctuate, avoiding premature stop-outs and trades later moving in our anticipated direction. After 15 minutes, a large bearish marubozu candle formed, which could have exited us from the trade if we had set our stop loss solely based on the low of the price leg that broke structure, without including a minimal stop loss in our checklist. By using that price leg, our stop loss would have been around 6 pips, whereas a 10 pip stop loss provides the trade with sufficient breathing room. We are aware that our strategy does not guarantee a 100% win rate but rather hovers around 50% on EURUSD, indicating that some losses were inevitable. To avoid becoming emotional over the position, we used only 1% of our trading account with the goal of achieving a 2% gain. Upon checking our position later, we observed that the position was a few pips away from hitting SL. We remained calm despite the drawdown we were experiencing and were prepared for any outcome of the trade. All that was left was to wait for either our stop loss or take profit to be triggered to determine the result of our trade. A few hours later, the trade began to move in our favor. After 13 hours, our Take Profit was triggered, and our patience paid off as we hit our target on EURUSD, resulting in a 2% gain from a 1% risk on the trade.
Education
by CleoFinance
Trading AUDUSD | Judas Swing Strategy 24/07/2024Last week concluded positively, with three trades taken and two big wins on EURUSD. This success has heightened our anticipation for the opportunities this week may present. We began our trading day at 8:25 EST by marking the zones for the Judas Swing strategy. This is a fundamental part of the checklist and cannot be skipped. The next step on the checklist is to wait for a sweep on either side of the zone, which will assist in establishing a bias for the trading session. After 25 minutes, the high of the zone was swept, indicating that we should look for potential selling opportunities during this trading session. Although we have a bias for the trading session, we do not rush into every selling opportunity. Instead, we wait for a Break of Structure (BOS) on the sell side. The price leg that establishes this BOS should leave behind a Fair Value Gap (FVG), and price must retrace into this FVG before we consider executing a trade using this strategy. The next five-minute candle entered the Fair Value Gap, indicating that we could execute our trade at the candle's close since we had met all the checklist criteria. After executing the trade, price remained in a deep drawdown, which can be unsettling for many traders who do not manage their risk adequately. Additionally, traders who do not backtest their trading strategy thoroughly often struggle to adhere to their plan in these situations. However, this was not an issue for us, as we were aware that our strategy has approximately a 50% win rate, indicating that losses are part of the process. Therefore, we only risked 1% of our trading account on the trade, aiming for a 2% return. Price eventually reversed and started moving in our intended direction. We remained unperturbed by the duration of the trade, as our strategy data indicates an average trade duration of 8 hours and 5 minutes. Now all we need to do is be patient and let the trade run. We patiently waited, and our persistence paid off when our target was finally reached, securing a 2% gain on the trade where we had risked 1%
by CleoFinance
Trading EURUSD | Judas Swing Strategy 16/07/2024 - big win!Last week, we had awesome trading sessions using the Judas swing strategy. We entered 7 positions across 4 major currency pairs: EURUSD, GBPUSD, AUDUSD, and NZDUSD, and secured 5 Big wins! The results we've achieved with this strategy have heightened our anticipation for our trading sessions. As is customary, at 8:25 AM EST, we commenced the day by reviewing the essential items on our Judas Swing strategy checklist, which comprises: - Setting the timezone to New York time - Confirming we're on the 5-minute timeframe - Marking the trading period from 00:00 - 08:30 - Identifying the high and low of the zone In a few minutes the low of the zone was swept, which meant our focus would be on identifying potential buying opportunities for the trading session. To increase the likelihood of success of our trades, we wait for a break of structure (BOS) towards the buy side. Once the BOS occurs, we anticipate price to retrace to the initial Fair Value Gap (FVG) created during the formation of the leg that broke the structure. We patiently waited for price to retrace into the created Fair Value Gap (FVG), and executed our trade upon the closing of the first candle that entered the FVG, as all the conditions on our checklist for trade execution were satisfied. Please note that our stop loss is set at the low of the price leg that broke structure, and we implement a minimum stop loss of 10 pips. The position underwent minimal drawdown, after 5 minutes we were already in profit. What remains is for us to exercise patience and allow the trade to unfold to our advantage. We are aware that our strategy does not guarantee a 100% win rate but rather hovers around 50%, indicating that some losses were inevitable. To avoid becoming emotional over the position, we used only 1% of our trading account with the goal of achieving a 2% gain. Upon checking our position later, we observed that the position was a few pips away from hitting TP. After 4 hours, our Take Profit was triggered, and our patience paid off as we hit our target on EURUSD, resulting in a 2% gain from a 1% risk on the trade.
by CleoFinance
Trading EURUSD | Judas Swing Strategy 08/07/2024Last week proved challenging for the Judas swing strategy, which experienced losses on AUDUSD and GBPUSD. However, this has heightened our anticipation for a more successful trading week ahead. As is customary, at 8:25 AM EST, we commenced the day by reviewing the essential items on our Judas Swing strategy checklist, which comprises: - Setting the timezone to New York time - Confirming we're on the 5-minute timeframe - Marking the trading period from 00:00 - 08:30 - Identifying the high and low of the zone Now that our trading zone is defined, we wait for a liquidity sweep at either side of the zone to inform our trading bias for the session. Liquidity was taken at the highs after 25 minutes, signaling our focus would be on identifying potential selling opportunities. Even though we have a bias for the trading session, we do not enter trades blindly. Instead, we consider the following questions and do not rush into any trades until all the criteria are met. The questions are: 1. Is there a break of structure (BOS) to the sell side? 2. Has the price leg that broke the structure left a Fair Value Gap (FVG) behind? 3. Has price retraced into the FVG that was left behind? After an hour's wait, two of our previously mentioned conditions were met, indicating we were on the right track. We just needed to wait for price to retrace into the Fair Value Gap (FVG) to execute the trade. After the Break of Structure (BOS), the following candle entered the Fair Value Gap (FVG) that had formed. However, our thorough backtesting revealed that it is preferable to execute trades after the candle that entered the FVG has closed. This approach is due to instances where the candle entering the FVG may proceed to hit our stop loss, but waiting for the candle to close prevents us from such trades. After initiating the trade, we experienced a drawdown for approximately 35 minutes before the position began to move in our favor. Patience is now required for the trade to unfold. Based on the data we have gathered, we anticipate an average trade duration of 8 hours and 27 minutes. We are aware that our strategy does not guarantee a 100% win rate but rather hovers around 50%, indicating that some losses were inevitable. To avoid becoming emotional over the position, we used only 1% of our trading account with the goal of achieving a 2% gain. Upon checking our position later, we observed that it was progressing favorably in the direction we intended. After 12 hours and 20 minutes, our Take Profit was triggered, and our patience paid off as we hit our target on EURUSD, resulting in a 2% gain from a 1% risk on the trade.
by CleoFinance
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Trading GBPUSD | Judas Swing Strategy 02/07/2024Last week saw a lull in trading activity for the Judas Swing, concluding with no trading opportunity on the four major currency pairs we monitor ( FX:EURUSD , FX:GBPUSD , OANDA:NZDUSD , FX:AUDUSD ). This pause in activity has heightened our anticipation for engaging in some promising trades this week. As is customary, at 8:25 AM EST, we commenced the day by reviewing the essential items on our Judas Swing strategy checklist, which comprises: - Setting the timezone to New York time - Confirming we're on the 5-minute timeframe - Marking the trading period from 00:00 - 08:30 - Identifying the high and low of the zone The next step on our checklist is to await the sweep of liquidity on either sides of the zone, which will give us a directional bias for the trading period. Liquidity was taken at the highs after 20 minutes, signaling our focus would be on identifying potential selling opportunities. Although a bias has been established for the trading period, we do not proceed to sell indiscriminately. To enhance the probability of successful trades, we await a break of structure (BOS) on the sell side. Following the BOS, we expect the price to pull back to the initial Fair Value Gap (FVG) formed during the development of the leg that broke structure. Next on the checklist, we wait for the price to retrace into the Fair Value Gap (FVG) and execute the trade only after the candle that entered the FVG has closed. After executing the trade, we were in profit for about 10 minutes before the price reversed, leading our position into a drawdown. During the drawdown, we remained calm because we had risked only 1% of our trading account on the trade, aiming for a 2% gain if the trade was successful. We were aware that our strategy does not guarantee a 100% win rate but rather hovers around 50%, indicating that some losses were inevitable. To avoid becoming emotional over the position, we let the trade run its course and accepted whatever the outcome would be. We later reviewed the position and discovered it was once again moving in our favour, only to reverse direction and head towards our stop loss. We anticipated an average position duration of 6 hours and 35 minutes for the trade, so we let the trade run. We waited with patience, yet our perseverance did not bear fruit on this occasion, as our position reached the stop loss after 4 hours and 40 minutes, leading to a 1% reduction in our trading account. It's important to note that we were on a winning streak for a few weeks and it's normal to have losing trades; no strategy guarantees a 100% win rate. However, with proper risk management and a favorable risk-reward ratio, the potential for profit can outweigh the losses.
by CleoFinance
Trading AUDUSD | Judas Swing Strategy 17/06/2024 Following a successful trading week, we approached our trading desks in high spirits, eagerly anticipating the start of the trading session. While our week included trading FX:EURUSD , FX:GBPUSD , OANDA:NZDUSD we’re showing this classic example using $AUDUSD. At 8:25 AM EST, we began the day by running through the essentials on our Judas Swing strategy checklist, which includes: - Setting the timezone to New York time - Confirming we're on the 5-minute timeframe - Marking the trading period from 00:00 - 08:30 - Identifying the high and low of the zone Now that our zones are demarcated, we anticipate a liquidity sweep on either side of the trading zone, as this will assist in establishing a bias for the trading session. Liquidity was taken at the lows after 5 minutes, signaling our focus would be on identifying potential buying opportunities. To increase the likelihood of success of our trades, we wait for a break of structure (BOS) towards the buy side. Once the BOS occurs, we anticipate price to retrace to the initial Fair Value Gap (FVG) created during the formation of the leg that broke the structure. We patiently waited for price to retrace into the created Fair Value Gap (FVG), and executed our trade upon the closing of the first candle that entered the FVG, as all the conditions on our checklist for trade execution were satisfied. Ideally, our stop loss should be set at the low of 0.65854, but that would place our stop loss at approximately 6 pips, which is too tight for our strategy. Extensive backtesting has shown that tight stop losses are often triggered before price reverses and moves in our intended direction. Consequently, we have implemented a minimum stop loss of 10 pips for all our trades. After executing the trade, we experienced a minor drawdown for approximately 25 minutes before price shifted in our favor. During the drawdown, we remained calm as we had only risked 1% of our trading account with the goal of achieving a 2% return. Price was progressing well in our direction, and all that was required of us was patience for the Take Profit (TP) to be reached. We expected to be in this trade for roughly 8 hours and 6 minutes, so we stayed composed and had faith in our strategy. After 3 hours and 50 minutes, our Take Profit was triggered, and our patience paid off as we hit our target on AUDUSD, resulting in a 2% gain from a 1% risk on the trade.
Education
by CleoFinance
Trading AUDUSD | Judas Swing Strategy 06/06/2024Despite taking the loss on 05/06/2024, we remained committed to our strategy. The thorough testing of the Judas Swing strategy has bolstered our confidence, allowing us to continue trading whenever our setup forms. The next day 06/06/2024 At 8:25 AM EST, we got to our trading desk and started the day doing the basics on our Judas Swing strategy checklist which includes: - Making sure the timezone is set to New York time - Making sure we're on the 5 min timeframe - Marking the trading period from 00:00 - 08:30 - Marking the high and low of the zone Now that we have established the day's low and high, we await the sweep of liquidity on either side of the zone to determine our bias for the trading session. Liquidity was taken at the lows after 20 minutes, signaling our focus would be on identifying potential buying opportunities. To avoid getting trapped, we waited for price to create a Break of Structure (BOS) to the buy side which occurred at 09:40. Subsequently, our focus shifted to identifying the initial Fair Value Gap within the displacement leg that broke structure. Price then retraced into the created Fair Value Gap (FVG), so we waited and only executed our trade once the candle that touched or entered the FVG had closed. After executing the trade, price moved in our intended direction with minimal drawdown. Similarly, we entered a trade on NZDUSD, and it was also progressing well towards our take profit target. Price nearly reached our take profit (TP) level but then reversed, prolonging our position in the trade. On average, we anticipate being in a trade for approximately 8 hours and 6 minutes, so we remained calm and trusted our strategy. Our patience was rewarded when we achieved our target on both AUDUSD and NZDUSD trades, resulting in a 4% gain (2% from each trade), having risked a total of 2% (1% on each trade).
by CleoFinance
Trading GBPUSD | Judas Swing Strategy 05/06/2024 At 8:25 AM EST, we got to our trading desk and started the day doing the basics on our Judas Swing strategy checklist which includes: - Making sure the timezone is set to New York time - Making sure we're on the 5 min timeframe - Marking the trading period from 00:00 - 08:30 - Marking the high and low of the zone We then waited for liquidity to be taken on either side of our trading zone, which will give us our directional bias for the trading session. Liquidity was taken at the highs after 15 minutes, signaling our focus would be on identifying potential selling opportunities. Precisely at 10:00, there was a significant bearish shift in GBPUSD that broke the structure, creating an FVG in the process. Keep in mind that high-impact news for the USD occurred at 8:15 and 10:00 EST, which can influence price movements. We then waited for price to retrace, filling or touching the created Fair Value Gap (FVG), and only executed our trade once the candle that touched or entered the FVG had closed. After executing the trade, price initially moved against us to fill part of the FVG left behind, it later moved slightly in our direction. However, it took a turn towards our stop loss. Despite this, we maintained confidence in our strategy, given its extensive backtesting, which has demonstrated a win rate of 52% on GBPUSD trades. Accepting the calculated risk of 1% of our account for the possibility of a 2% return, the closeness of the price to our stop loss did not shake us, and we kept our faith in the strategy. We anticipated an average position duration of 6 hours and 35 minutes, which could extend to 2x longer for the trade. We waited patiently, but our persistence did not yield results this time, resulting in a 1% loss in our trading account. It's important to note that we were on a winning streak for a few weeks and it's normal to have losing trades; no strategy guarantees a 100% win rate. However, with proper risk management and a favorable risk-reward ratio, the potential for profit can outweigh the losses.
by CleoFinance
Trading GBPUSD | Judas Swing Strategy 13/05/2024 At 8:25 AM EST, we got to our trading desk and started the day doing the basics on our Judas Swing strategy checklist which includes: - Making sure the timezone is set to New York time - Making sure we're on the 5 min timeframe - Marking the trading period from 00:00 - 08:30 - Marking the high and low of the zone Next, we patiently awaited price action to take the liquidity positioned on either side of the trading zone, providing us with a directional bias for the trading period. In this instance, liquidity was taken at the highs after 10 minutes, signaling our focus would be on identifying potential selling opportunities. To avoid getting trapped, we waited for price to create a Break of Structure (BOS) to the opposite side (sell side) to indicate selling. Subsequently, our focus shifted to identifying the initial Fair Value Gap within the displacement leg that broke structure. Next, we waited for price to retrace, filling or touching the created Fair Value Gap (FVG), and only executed our trade once the candle that touched or entered the FVG had closed. In this case, the subsequent candle that formed was a bullish one, closing within the Fair Value Gap. Our stop loss is set above the high that formed the Break of Structure (BoS) leg, with a minimum requirement of 10 pips. In this instance, placing the stop loss above the high would result in only 7 pips, necessitating an increase to meet the 10-pip minimum. This rule was established not by chance, but through extensive backtesting of numerous trades, demonstrating how it prevents us from being stopped out before price moves in our favor. After executing our trade, we experienced a significant drawdown that nearly reached our stop-loss level, only for the price to eventually reverse in our favor. Had we set a 7 pip stop, we would have been stopped out; however, our rule of a minimum 10 pip stop saved us from that outcome. Although the price reversed again and entered a drawdown, we remained unfazed by this reversal due to our cautious risk management strategy. We had committed just 1% of our capital to this trade, with the prospect of a 2% return. We maintained confidence in our strategy, given its extensive backtesting, which has demonstrated a win rate of 52% on GBPUSD trades. The GBPUSD pair then consolidated around our entry point, prolonging our involvement in this trade. However, based on our collected data, we anticipated an average position duration of 6 hours and 35 minutes, which could extend to 2x-3x longer for the trade. Patience is crucial in trading, as it often places you in challenging situations We patiently waited, and our persistence paid off when our target was finally reached, securing a 2% gain on the trade where we had risked 1%
by CleoFinance
Trading EURUSD | Judas Swing Strategy 24/04/2024At 8:45 AM EST EURUSD made a big move down that took out the Judas Swing Zone Low. Then it came straight back up to create a BOS(break of structure). After the liquidity grab at the low and the subsequent break of structure (BOS), we patiently awaited a retracement towards the initial Fair Value Gap (FVG) that emerged during the displacement leg. We then waited for price to retrace, filling or touching the created Fair Value Gap (FVG), and only executed our trade once the candle that touched or entered the FVG had closed. After executing the trade, price initially moved favourably in our direction. However, it later took a turn towards our stop loss. Despite this, we maintained confidence in our strategy, given its extensive backtesting, which has demonstrated a win rate of 52.78% on EURUSD. Despite being in a drawdown at this point, we remained steadfast in our approach. Having accepted the calculated risk of only 1% of our account for a potential 2% gain, we were unfazed by the proximity of price to our stop loss, and maintained our trust in the strategy. Price eventually reversed and paused briefly around our entry point before resuming its favourable movement. We remained unperturbed by the duration of the trade, as our strategy data indicates an average trade duration of 8 hours and 27 minutes. We patiently waited, and our persistence paid off when our target was finally reached, securing a 2% gain on the trade where we had risked 1%
by CleoFinance
2.5 RR TRADE / ICT / 12th Feb 2024 London Session ReviewAsian Session: - Bullish Session. - Price broke PDH, PML, and PWH. - RELs at Asia’s low. - Price is at a discount of the H4 dealing range. - RELs at the equilibrium of the Asian range. London Session: - I was expecting a reversal due to the market taking of PDH and PWH during Asia. - My first DOL was Asia's RELs at the equilibrium of the Asian range. - My second DOL was Asia's Low and the RELs at Asia's low. - Price performed a London Judas. - Price made the high of the session at 1.25 STD of the Asian range. - Price made the high of the session at 1.25 STD of the CBDR. - ICT Concepts
Short
by Suffolk_Enterprises
This is My Favourite ICT Day Trading ModelHello traders, This is the complete breakdown of my favourite ICT Day Trading Model. This is so easy to replicate on any two time frames. One must be higher, while the second one which is for entry should be lower. The higher time frame is for market direction, orderflow, trend. Identify your discount and premium levels on higher time frame. above 50% of your fib is premium, while below 50% is your discount. If price is bearish, you are to look for sell opportunities when price retrace back to your premium levels. Then go to your lower time frame to look for selling opportunities. Your entry should be taken mostly within London kill zone. For you to have a quality A+ trade setup, time and price must align together with your trade idea. Your trade idea have a high probability of working out if you take your entry within London Kill Zone. Look at my chart diagram to understand the model.
Education
by Elijahenoch7
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