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.
Judasswing
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%
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%
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
USDJPY: enough Monday Momentum?Potential bullish Judas Swing for another entry position.
1) liq grab of low
2) bullish CHoCH
3) identify established FVg
4) set entry to 50% of FVG/imbalance
5) wait for FVG to be fully tested and rejected (closed inside but wicked outside.
6) go to your lower tf (I pick 1m for entry)
7) wait for CHoCH on lower tf
8) find fvg created
9) wait for retest and rejection
10) enter
USDJPY: enough Monday momentum?Potential bullish Judas Swing for another entry position.
1) liq grab of low
2) bullish CHoCH
3) identify established FVg
4) set entry to 50% of FVG/imbalance
5) wait for FVG to be fully tested and rejected (closed inside but wicked outside.
6) go to your lower tf (I pick 1m for entry)
7) wait for CHoCH on lower tf
8) find fvg created
9) wait for retest and rejection
10) enter
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.
DXY Full Trading DayHello Traders!
Here we can see the DXY fall lower for the day.
However, by using the Asian Session we are able to have greater chance of knowing where the the market will.
We know the 3 main sessions all have different characteristics.
London will be keying off the Asian session.
Notice how they trap traders during London Session.
EUR/GBP Judas Swing ExampleHello Traders!
Here we can see price breaks the tight consolidation formed by the Asian Session.
That Asian session has built in market sentiment for buying and selling amongst the retail traders.
"I think it's bullish" or "I think it's bearish" is what is occurring all the way up to midnight.
The London Session starts and we get the first initial break of the Asian high for the new trading day.
Retail traders are trapped long because they faded the breakout over the high.
Price now targets the Asian sessions low because buyer have their stop losses below clean lows.
Retail sellers are also going to be triggered into the marker short on the break of the Asian low.
Price will then finally make one last turn around and blast off in its true higher time frame trend.
London Is OpenThere is an opportunity that presents itself right before London Open.
If you catch this move just right you have the trade for the day.
I've already written the set up program through a system I call 17:1 ADR Strategy System.
This system measure price and time during the Morning Zone to gauge the optimal entry before or during London Open.
We then use the DXY as our entry trigger.
Let's see if price follows the script:)
Never Over Leverage.
Trust your trade set up.
Have Fun!
I AM Pro Trading Made Simple
Train Your Eye To see TheImportant ThingsIn this chart I've circle a candle pattern some know as the Judas Swing. I call it the Money Swing because when you see it form profits usually follow.
When price makes this move it will drop or long according to the bias of that day.
This formation goes both ways.
When you study past price action you will notice the effect that happens after this move.
There are no coincidences in Forex. For every cause there is an effect.
The DXY has taken off like a bat out of the fires of hades:)
Another confluence WHY EURUSD is gonna break 1.0200.
Never Over Leverage.
Trust your trade set up.
Have Fun.
I AM Pro Trading Made Simple.
When The market MOVES YOU MOVE WITH IT!Price does this thing I call Sniper Open.
It will throw a Judas Swing and shoot for liquidity like a bat out of the fires of hades :)
This happens everyday in the forex Market.
Price has a strict routine it adheres to and it rarely deviates from this.
The key to trading Forex is to anticipate these moves by trapping price at areas of structure it has been before in previous price action. Not to PREDICT.
Price has a mind of its own. Add millions of buyers and sellers, Fundamental, technical analysis MINDSET ... and you begin to dive into the network of FOREX.
You cannot force the market to do anything but when you get in sync with this dynamic machine you can actually trade with the software aka big money.
Time over Price is STRUCTURE. Areas of liquidity reside above the body of the candle up to the wick. Zone these areas and you will SOLID building blocks to formulate you trading strategy for that day.
(11:15pm-2am Set Ups Begin)
Prudence (to recognize limitations) dictates exiting a winning position long before the highs. Your range of perception is smaller then you think and you're part of a system that has many inputs that you can not see.
Never over leverage.
Trust your trade set up.
3-5 Pip Threshold. Never Over Leverage.
Have fun.
I AM PRo Trading Made Simple.
Bulls EYE!I call this the Mount Everest Trade. The narrative goes like this:
There's an elusive move called the Judas Swing that happens in the Morning Zone or right before London Open.
Catch this move and you caught your trade of the day.
10 PIP Threshold aka SL.
The software aka price isn't programmed to come hit that.
Without a narrative to your trade you are blind trading.
Price + Time produce structure.
Now let's see if price follows the script!
Never Over Leverage.
Trust Your Trade Set Up.
Have fun!
I AM Pro Trading Made Simple
Understanding The Trade is Deeper than StructureThis is an overall look at how I see the market.
Knowing market Mechanics is knowing WHY the market moves.
To trade consistently in the Forex Market Snipers study what we trade. We learn their moves and patterns. As we gain knowledge and gain history with this pair we begin to understand WHY and
what TIMES of the day it moves. We then devise strategieS and formulaS so that when we hunt we come back with the prize every time.
The Mount Everest trade is that trade and it happens in the FOREX MARKET often. This is the set up.
The Morning Zone will trade into buy side liquidity. Look for Wick Exhaustion. Your favorite bearish candle patterns will present.
Once the rest of buy side liquidity is taken out EURO will drop.
10am London Payout.
There will be two opportunities to take long trades before price begins to look for sell side liquidity and short imbalances to fill.
Without a narrative to any trade set up you are blind trading.
Your why must always be deeper than just structure.
Never Over leverage.
Trust your trade set up.
Have fun!
I AM Pro Trading Made Simple
ES | Price Action 6/1/2022At 9:30 AM EST open ES made a big move straight up that took out the Asian Session high. Then it came straight back down.
The big move plus taking out majority liquidity gave me confidence this was a Judas Swing and that price would go the other way.
I zoomed in to start looking for Fair Value Gaps and after finding one placed my Limit sell orders in the middle of the gap.
After ES filled the FVG it made a big move down.
Zoomed in view of FVG after Judas Swing
Where was pricing ultimately heading? It was going lower to fill the daily FVG.
Once it was filled ES had a Market Structure Shift + displacement + FVG and was then seeking to go from a discount to a premium area.
AUDUSD sell entryChecking the Weekly timeframe the Bulls seem to be exhausted after the price filled a price imbalance up to 90% and respected a Bearish Orderblock which is also a quarterly high.
On the 4hr timeframe, the price has begun by going lower which I believe is the Judas swing. The equal lows of Friday have been taken out.
I'm anticipating that the price will now go up to the equal highs which will be taken out so that the market can give us a second chance to enter short.
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S.O.P and M.O.P BreakdownHello Traders!
Here I break down S.O.P and M.O.P
Sunday Opening Price & Midnight Opening Price.
Bullish Conditions Weekly Range
- Buy below S.O.P
- Anticipate the Low of the week to form on Mon, Tue, or Wed.
- By Wednesday price should not return to S.O.P
Bearish Conditions Weekly Range
- Sell above S.O.P
- Anticipate the high of the week to form on Mon, Tue, or Wed.
- By Wednesday price should not return to S.O.P
Bullish Conditions Intraday
- Buy below M.O.P
- Anticipate the Low of the day to form in London Open
- By 12 PM NY EST price should not return to M.O.P
Bearish Condition Intraday
-Sell above M.O.P
- Anticipate the High of the day to form in London Open
- By 12 Pm NY EST price should not return to M.O.P
Study. Safe Trading. Merry Christmas