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Trading AUDUSD | Judas Swing Strategy 29/01/2024Last week was a slow one for the Judas Swing strategy, with only a single trade across our key currency pairs—GBPUSD, EURUSD, AUDUSD, and NZDUSD. But here’s the good part: that one trade was a winner, closing the week up 2% This is a perfect example of why sticking to your strategy matters. We didn’t force trades just because opportunities were scarce. Instead, we trusted our tested system and the data behind it. In trading, discipline is everything, short-term fluctuations don’t matter as much as the long-term edge. By staying patient and following the plan, we set ourselves up for consistent success. In this post, we’ll walk you through the entire process, from setup to outcome and share key insights from these trades By 8:25 EST, we were already at our desks, prepping for the session. As always, we marked out our key zones, patiently waiting for either the high or low to be swept to establish a directional bias. By 8:45 EST, price had already taken out the liquidity resting at the low of our zone—our cue to start looking for potential buying opportunities With our bias established, we don’t just jump into trades, we wait for our key conditions to be met: 1. Break of structure to the buy side 2. A Fair Value Gap (FVG) must be left behind 3. Price must retrace into the FVG Until all three conditions align, no trade is taken. Even if two out of three are met, we stay on the sidelines. Following this plan ensures we only take high-probability setups. By the close of the 9:35 EST candle, all the conditions on our entry checklist were met, confirming a valid trade setup. We executed the trade with a 1% risk on our account, aiming for a 2% return Entry: 0.62168 Stop Loss: 0.62058 Take Profit: 0.62368 Now, it’s all about letting the trade play out according to the plan After executing the trade, we saw minimal drawdown as price moved smoothly, printing higher highs (HHs) and higher lows (HLs), perfect for our buy position. A sharp drop suddenly sent price back to our entry point. But instead of pushing down further, price quickly rejected that level, leaving wicks behind before reversing back in our favor. This trade is a prime example of why we don’t move our stop loss to breakeven just because a trade is moving well. Through extensive backtesting, we've observed for this strategy that these temporary pullbacks happen often, and in most cases, the trade still plays out as expected. Of course, there are times when price fully reverses and hits our stop loss but that doesn't happen often. Our patience paid off as our 1% risk translated into a 2% return, proving once again that disciplined execution and sticking to the plan yield results.
by CleoFinance
GBPZAR - Potential Long to enterOANDA:GBPZAR is approaching a robust support zone, marked by historical bullish reversals and strong buyer interest. The recent bearish pressure has brought the price into this critical area, creating a potential buying opportunity. I anticipate a move toward 23.1840. However, a breach of this support could invalidate the bullish outlook and lead to further declines. Make sure to carefully assess price action at this level and ensure proper risk management before taking positions. Agree with this analysis? Let’s discuss further in the comments section!
Long
by TrendDiva
1
How to Enter a BUY In GOLD This Week! Step By Step!This is how I do it every trading day, and I want to share it with my viewers! Make sure your time frame alignment is one of the following: Weekly - 4H - 15m - 1m Daily - 1H - 5m - 1m Then make sure your bias is aligned on each one of those TFs. Then enter your trade on the 15m or 5 minute. You're all set! Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:GC1!
by RT_Money
3