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DAYTRADING STRATEGY: Opening Price + Judas Swing
⏲️TIME: NY Session opening prices at 8:30am, 9:30am, and 1:30pm
💰PRICE: If bullish, buy below opening price. If bearish, sell above opening price.
🧵Thread...
#daytrading #forextrading #cryptotrading
⏲️TIME: NY Session opening prices at 8:30am, 9:30am, and 1:30pm
💰PRICE: If bullish, buy below opening price. If bearish, sell above opening price.
🧵Thread...
#daytrading #forextrading #cryptotrading
A Judas Swing can be simply defined as when price temporarily swings in the opposite direction of its eventual expansion. Price initially hides its true intentions.
You can use my Entry Model 1 (pinned post) and its variations to confirm your entry. Here is the zoomed in view of the possible 8:30am long:
Here is the zoomed in view of the possible 9:30am long:
Here is the zoomed in view of the possible 1:30pm long. Retrace is shallower and does not go back below 1:30pm open after entry model forms. But it is a higher timeframe entry model (15min), which gives more confidence for entry.
BIAS is necessary. So IF we are BULLISH, we believe price will expand upward. When we see price initially go below our Opening Price reference point, we are happy to see that because it means we can potentially get a better long entry before price expands upward.
Waiting for your Entry Model to form allows for extra confluence to take your trade.
That's how you can use Opening Price + Judas Swing for daytrade entries in the NY Session. Rinse and repeat🔁. This was inspired by ICT teachings.
If you enjoyed this thread, please like and retweet and I will continue to post more educational content 🤝
If you enjoyed this thread, please like and retweet and I will continue to post more educational content 🤝
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