JUDAS SWING
London Judas Swing
LONDON JUDAS SWING:
LOOK FOR AN ASIAN RANGE IN A TIGHT CONSOLIDATION.
LOOK FOR AN INITIAL RUN-UP/RUN-DOWN THAT TRIPS TRADERS
IN. AT THIS POINT, BUY/SELL STOPS ARE HIT, AND TRADERS ARE
NOW LONG/SHORT ON A BREAKOUT. WAIT FOR THE MARKET TO
TRADE DOWN/UP BELOW/ABOVE THE ASIAN RANGE LOW/HIGH
TO TAKE THE STOPS. ANTICIPATE A SWEEP OF ABOUT 5-10POINTS
(ES) / 20-25POINTS (NQ) OR 10–20 PIPS.
THE MOVE BELOW/ABOVE THE OPENING PRICE IS THE ICT JUDAS
SWING. THIS IS A BULLISH/BEARISH JUDAS SWING AND CREATES
THE LOW/HIGH OF THE DAY INSIDE THE LONDON SESSION.
LUMI TRADERS
NY JUDAS SWING:
NY Judas Swing DURING THE NEW YORK SESSION, THERE ARE TWO POSSIBLE
SCENARIOS FOR A JUDAS SWING THAT WE ANTICIPATE:
THE FIRST SCENARIO OCCURS AT 9:30 AM. IN THIS CASE, WE ARE
LOOKING FOR A SHORT-TERM SSL/BSL TO BE TAKEN OUT,
FOLLOWED BY AN IMMEDIATE REVERSAL. AS I MENTIONED
EARLIER, THE JUDAS SWING INVOLVES A FAKE MOVE, SO AFTER IT
TAKES OUT THE LIQUIDITY LEVEL, WE WANT TO SEE A REVERSAL
RIGHT FROM THAT POINT.
THE SECOND SCENARIO APPLIES ONLY WHEN WE HAVE NEWS AT
10:00 AM. WHEN NEWS IS SCHEDULED FOR 10:00 AM, WE DO NOT
EXPECT TO SEE A JUDAS SWING AT 9:30 AM. INSTEAD, WE WAIT
BETWEEN 10:00 AM AND 10:10 AM FOR THE LIQUIDITY LEVEL TO
BE TAKEN OUT, GIVING US THE JUDAS SWING, FOLLOWED BY AN
IMMEDIATE REVERSAL. TYPICALLY, OUR TARGET IS THE OPPOSITE
LIQUIDITY LEVEL.