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...
At 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...
Hi guys, I hope the growth of Bitcoin has brought you rich profits.
What happened today was that we expected a temporary drop to fill the FVG area, which it did and it bounced back to 47,000.
This upward trend continues until reaching the price area of 48000, the existence of a lot of liquidity and more resistance can bring the price back from this area.
My idea...
We wait for the price to return to the price gap,
closes it, then it breaks the top,
giving me a break of structural (BOS),
after which we enter into a deal from the area.Order block
Check out this Buy setup for GBPUSD projection for next week move.
FOREXCOM:GBPUSD
Thoughts Process Behind the Setup:
Weekly Time Frame: Bullish plus FVG and bearish order block above price serving as a draw on liquidity.
Also, price already retraced to fill the FVG below price. Which means price is now ready to push higher to fill the FVG above.
...
