How I made $1856 Using ICT Judas Swing Strategy (Trade BreakdownThis is a trade breakdown of a trade I took using ICT Judas Swing Strategy during London Kill Zone.
I hope you enjoyed it.
For private mentorship, pls Dm.
London
☀️MAKING SENSE OF FOREX TRADING SESSIONS🌝
⭐️The Basics
The forex market is open 24 hours a day during the weekdays which allows traders to potentially trade all day and all night.Knowing the forex market’s operating hours is essential for a trader. You need to know when the forex market opens and closes as well as the four main trading sessions.
⭐️Forex Trading Sessions
Just because you can trade the market any time of the day or night doesn't necessarily mean that you should.
The best time to trade is when the market is active with lots of forex traders opening and closing positions, which creates a large volume of trades. The forex market can be broken up into four major trading sessions: the Sydney session, the Tokyo session, the London session, and the New York session.
• Sydney is open from 9:00 pm to 6:00 am UTC
• Tokyo is open from 12:00 am to 9:00 am UTC
• London is open from 7:00 am to 4:00 pm UTC
• New York is open from 1:00 pm to 10:00 pm UTC
⭐️Forex Trading Volume
You can make money trading when the market moves up, and you can make money when the market moves down. But you will have a very difficult time trying to make money when the market doesn't move at all.
In order for the market to move, lots of trades need to occur. And this is why you should focus your energy during specific trading sessions.
The forex trading sessions are named after major financial centers and are loosely based on the local “work day” of traders working in those cities.The more traders…trading, the higher the trading volume, and the more active the market. The more active the market, the tighter the spreads you'll get and the less slippage you'll experience. In a nutshell, you'll get better order execution.
⭐️When is the best time to trade forex?
During the weekdays, there’s always at least one forex trading session open although there are periods of downtime when the market is really quiet and trading volume is low or “thin”. You usually want to avoid trading when only one trading session is open and instead, wait for trading sessions to overlap. When two major financial centers are open, the number of traders actively buying and selling a given currency greatly increases. The highest trading volume occurs during the overlap of the London and New York trading sessions. More than 50% of trading volume occurs at these two financial centers.
⭐️Currency specific sessions
The best time for you to trade forex will depend on which currency pair you’re looking to trade.
Most of the trading activity for a specific currency pair will occur when the trading sessions of the individual currencies overlap. For example, AUD/JPY will experience a higher trading volume when both Sydney and Tokyo sessions are open. And EUR/USD will experience a higher trading volume when both London and New York sessions are open.
Thanks for reading bro, you are the best☺️
✅Gimme a like and the Gods of Trading will favour you this week👍
Dear followers, let me know, what topic interests you for new educational posts?
GoldViewFX - TRADING SESSIONS & TIME ZONEThe gold market is open 23 hours a day for trading and this gives traders across the globe flexibility to trade at anytime they want.
The significant 3 sessions are TOKYO , LONDON and NEW YORK
Its important to understand when these cities operate for business, as they are the big movers for the market. Naturally the action will take place when these cities are transacting in their normal working hours. Please always refer to the correct time zone for your country to be ready for any activity or fundamental events.
This will then allow you to watch, manage and react to peak times of the market and its movement, which helps us with exits and entries.
We share all our posts across all platforms in GMT for UK.
ASIAN SESSION (TOKYO) - 11.00PM TO 7.00AM GMT
EUROPEAN SESSION (LONDON) 8.00AM TO 4.00PM GMT
NORTH AMERICAN SESSION (NEW YORK) 1.00PM TO 9.00PM
Hope this post helps some of the newbies.
Please dont forget to like, comment and follow to support us
GoldViewFX
XAUUSD TOP AUTHOR
Replaying Trade Setups - Market Open Price Reactions When markets open (Tokyo/Hong Kong/London/New York/Sydney) they can have different reactions to price movement.
One of these reactions can be a quick move up to induce traders to go long and then reverse.
This can sometimes be seen as a hammer candle.
This particular trade was placed at the hammer candle close. 1% Stoploss above and 1% take profits increments below.
Stoploss was then moved into profit.
Judas Swing | London Killzone | "Optimal Trade Entry" Explained Hello Folks hope you're all doing great as usual,
Today, I will explain something very basic in ICT teachings that repeats just so much and is super easy in fact..
This strategy combines multiple concepts of ICT teachings and is as follows:
1_we wait for the formation of Judas Swing(as defined by ICT) after New York midnight and it simply is waiting for manipulation to occur.
2_we wait for price to show inclination to go in the opposite direction
3_it is very important to enter in London Session(preferably in Killzone)
4_there are a lot of ways to find possible entry, and in this example show how to enter using OTE(optimal trade entry) pattern (it is a retracement to at least %61 (preferably %75 or %79) of the most recent price swing..
You can most probably hold the trade till end of London Killzone, so apply risk management and SL(below recent low/high) and you should be fine...
Don't forget to ▶️ LIKE and ▶️ FOLLOW to get more of a lot of useful explaination and good strategies to become profitable and just forget about what is called (technical analysis).
Your comments and opinions DO matter a lot! So let me know what you think!
+Thanks!
All the indexes move the same way...or do they??I wanted to show an example of why its not always a good idea to trade multiple indices the same way.
@RichDadBre
