I get a lot of questions about my strategy. Well, here it is: the #ICT NY Judas Swing x #itsimpossible strategy that helped me pass a prop firm challenge yesterday.π
A thread π§΅
A thread π§΅
This thread and the strategy are shared for educational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
This method requires just 30 mins a day! There's not a setup everyday, but patience pays off.
Basic knowledge of The Inner Circle Trader concepts like liquidity & time vs price is preferred. It's about spotting manipulations #ICT
Basic knowledge of The Inner Circle Trader concepts like liquidity & time vs price is preferred. It's about spotting manipulations #ICT
The Judas Swing is a false move at the New York open. We wait for it, and we look for an entry when it reverse.
The #itsimpossible indicator is our secret sauce. It helps identify key liquidity levels. If a candle breaks a level but doesnβt close beyond it, expect a reversal.
The #itsimpossible indicator is our secret sauce. It helps identify key liquidity levels. If a candle breaks a level but doesnβt close beyond it, expect a reversal.
Watch for the Judas Swing between 9:30-9:45 EST on indices NQ and ES.
Setup: Use 3m and 5m timeframes on TradingView. Setup the #itsimpossible indicator twice, 1 on 1m, 1 on 5m. ATR set to 0.2 to 0.35 for SL.
Setup: Use 3m and 5m timeframes on TradingView. Setup the #itsimpossible indicator twice, 1 on 1m, 1 on 5m. ATR set to 0.2 to 0.35 for SL.
Entry:
After 9:30 EST NY open, look for candles intersecting with 1m or 5m liquidity levels.
Long: Enter after a price break & close above an indicator line.
Short: Enter after a price break & close below.
After 9:30 EST NY open, look for candles intersecting with 1m or 5m liquidity levels.
Long: Enter after a price break & close above an indicator line.
Short: Enter after a price break & close below.
Stop Loss & Take Profit:
Stop Loss: Place at the ATR β.β point, near the 'X' mark.
Take Profit: Set at the first opposite 5m liquidity level. More experienced traders may aim for 2-2.5 SD levels or strong previous points.
Stop Loss: Place at the ATR β.β point, near the 'X' mark.
Take Profit: Set at the first opposite 5m liquidity level. More experienced traders may aim for 2-2.5 SD levels or strong previous points.
Risk Management:
Stick to your strict risk management strategy. Risk no more than 0.5% per trade.
Stick to your strict risk management strategy. Risk no more than 0.5% per trade.
Points of attention:
Consider re-entry if the next candle after a stop-out fits entry criteria.
When there's news at 10:00 EST, watch out for Judas Swings around that time.
Consider re-entry if the next candle after a stop-out fits entry criteria.
When there's news at 10:00 EST, watch out for Judas Swings around that time.
Backtesting:
I've seen great results, like my own passed challenge, but we need more backtest data. Let's improve together. Share your backtesting and let's refine this strategy.
I've seen great results, like my own passed challenge, but we need more backtest data. Let's improve together. Share your backtesting and let's refine this strategy.
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