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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
EURUSD: Bullish Draw Toward Daily Buy Stops!Greetings Traders! Current Market Analysis: At the moment, EURUSD is exhibiting signs of a potentially bullish draw toward the daily buy stops. Key Observations: H1 Bullish Structure: The internal structure on the H1 timeframe has shifted to bullish, indicating a potential for further upward movement in EURUSD. H1 Bullish Order Block: Currently, price is supported by the H1 bullish order block, which may serve as a springboard for further upside movement. This suggests that the market is drawing towards the daily buy stops, which is my primary target. H1 Sell Stops: If price takes the sell stops, I will still be looking forward to taking a buying opportunity provided the market gives me a confirmation to do so. Trading Strategy: Focus on Bullish Order Flow: Given the evidence of bullish institutional order flow, the strategy is to look for entry opportunities around the H1 bullish order block. Target Levels: Draw on Liquidity: The target is the daily buy stops, as indicated by the current bullish order flow and market structure on the H1 timeframe. Conclusion: By understanding the current bullish institutional order flow and leveraging key support and resistance levels, we can effectively anticipate and execute trades on EURUSD. The shift in H1 structure and the support from the H1 bullish order block point towards a bullish draw, guiding our strategy towards taking advantage of long opportunities in the market. Happy Trading, The_Architect
Long
by The_Archi-tect
2
ICT Long setup GBPAUD👋Hello Traders, Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in GBPAUD for session trade (a couple of hours) Please refer to the details Stop loss, FVG(Buy Zone),open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Long
by ICT_Trader_SB
1
GBPUSD: Anticipating Short-Term Bearish Reversal!Greetings Traders! Current Market Analysis: At the moment, GBPUSD has been primarily bullish coming into this week. However, recent price action indicates that we might anticipate some bearish institutional order flow to meet minor targets before potentially continuing the bullish trend. Key Observations: Market Structure Shift: We have seen a market structure shift, suggesting a potential reversal. This bearish sentiment was further confirmed when the price respected the Balanced Price Range, leaving the Fair Value Gap above it as a runaway gap. This indicates that the price has no immediate need to move further into premium prices. Trading Strategy: Entry Strategy: I am looking to see if the price retraces back into the H1 bearish order block. This will be my primary entry point. If the price does not retrace into the H1 bearish order block, I will seek other entry methods, provided the price gives me a confirmation to do so. Target Levels: The main target is the Daily Bullish Fair Value Gap, which is my draw on liquidity. Conclusion: By understanding the current bearish institutional order flow and leveraging key support and resistance levels, we can effectively anticipate and execute trades on GBPUSD. The observed market structure shift and the respect for the Balanced Price Range support a bearish outlook in the short term, guiding our strategy towards taking advantage of short opportunities while keeping an eye on the potential continuation of the bullish trend. Happy Trading, The_Architect
Short
by The_Archi-tect
Week of July 7 NQ/10Y/CL/GCA new batch of fresh record highs to start Q3! Last week, we were looking for longs and we got them to TP at ATH for a solid 500 handle move in NQ. From HERE - it gets a lot trickier, but lets start to walk through what we are looking for. Nasdaq To ME - the governing HTF Draw on Liquidity (DOL) is still the fresh FVG that was created on the quarterly chart. We saw back in Jan (Q1) and Apr (Q2) - they attacked these IRLs in fast and furious fashion early in the quarter. With us now at ATH on NQ - I can't long anything up here. THIS WEEK - I am looking for shorts to take NQ back to the 19.7k area. This would give us a h4 and weekly long Turtle Soup setup for those brave enough - but I am still looking at that Quarterly chart which has a draw down to th 19k area. I'm looking for NQ shorts this week. Hopefully we get something really aggressive and they dump NQ 5% and we can start looking for the HTF draw down at 18.5k - but lets keep focused and take things 1 week at a time. 10yr Rates continued to fall this week - which is what is jucing the markets. That being said, I'm still looking for the 10yr to march down to ~3.8% before any kind of meaningful bounce. This is because the economy is starting to roll over, inflation is coming down - and the bond market knows it. Oil had quite the week! We have a Hurricane in the Gulf of Mexico that is headed for Houston by Monday - so I expect a lot of this to be Hurricane premium. I am STILL looking for a move lower in oil - we just need to sweep the 85/85 area - hopefully this week. Once Oil finally does roll over, this will confirm the bond markets stance of lower inflation and energy prices driven by a weakening global economy. Gold had a steller week. I don't have any real clear bias on a weekly chart from here - but I would REALLY like to see the 2304 lows swept before the big move higher. There is a TON of liquidity down there (stops) that I can't imagine the Market Makers really want to leave intact before the real move higher. Baero's Take - We are truly seeing some historic stuff in markets right now, and the market is insanely bifurcated. Mag 7: +48% YTD S&P 493: +7.5% Russell: just went red for the year again Between the Cyclical performers (metals and energy are late stage performers) and the massive narrowing of the market - we are way over due for a 5-10% correction. I think once we get our well-deserved correction - there will be one final swing long entry to run us into the EOQ. I plan on being flat most of swing stock positions ahead of the election, as I think the greatest bear market in the history of finance - will come in Q4 into 2025. I fully expect that the highs we print on indexes this year - won't be revisited for decades - if ever. The madness will go on - until it doesn't. Nobody rings a bell at the top - which is why we take it week by week. So here is the setup I am watching for this week; I want to see NQ drop back to a weekly IRL level and run the h4/weekly TS for potential long entries ~ 19.8k. This is the EXACT same type of setup we saw last Monday. I want to see oil take out the 85/86 level and then reverse hard - this will confirm the bond market deflationary stance as the global economy weakens. I am still waiting for gold to sweep the 2304 equal lows for a long entry. Until next week - We'll be watching.
CME_MINI:NQU2024Short
by Baero-Trading
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
1