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Version 1.1 by Drunk Monkey on 2020-11-20 16:02
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3 ICT: Coach Welcome back. This teaching is going to be
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7 understanding the ICT Judas swing.
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11 Okay, the ICT Judas swing, what ICT concepts are going to be
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15 used in this module we'll be introducing the ICT G to swing
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19 I'm going to be defining what the ICT Judas swing actually
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23 is going to show you its utilization in both conditions and
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27 utilization in bearish conditions. Okay introducing the ICT
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31 Judas swing. Alright, so the price swing that sets the
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35 London session high or low is many times in energetic price
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39 swing. Now it's going to many times be a run on stops or
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43 Could be returning to a key price level either one can be
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47 the basis for this quick spike in price. Having a higher
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51 timeframe understanding and implementing the higher time
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55 frame analysis to determine what direction the ICT Judas
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59 swing will form. If you look at the chart to the right here,
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63 I've basically added more dimension and detail to a earlier
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67 chart in the series of teachings. Here, I've added a couple
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71 different reference points that will help solidify the
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75 understanding that creates the daily high and low, the open
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79 the high, low and close on a daily candle. I've started your
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83 journey in my ICT concepts with the lowest timeframe
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87 possible, which is this small little segment of price action
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91 from an intraday perspective. Because if you can understand
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95 that, and as we draw out farther into higher timeframe
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99 analysis, you'll see that these ideas are actually fractal
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103 They form on all timeframes. Because let's define the ICT
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107 due to swing, the first and foremost, you start hunting the
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111 Judas swing at midnight New York time. Okay, so this is the
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115 new york opening price. And it ends at 5am New York time.
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119 And that's basically the entire five hour window that would
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123 be utilized for anticipating this price move. Now, I'm not
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127 suggesting that everyone sit up all night long, waiting for
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131 this Judas swing to appear. There are some things that you
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135 would look for obviously, but I can't cover everything in
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139 one teaching. So I'm giving it to you in small little
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143 pieces. But for the most part between midnight New York time
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147 at 5am, New York time, there's going to be a high or low
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151 form for the daily range. Now we understand that typically
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155 is on the basis of London high or London low forming. The
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159 Judas swing is a false One that trips up traders that lack
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163 the understanding of true direction of the day. And this is
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167 going to come by way of higher timeframe analysis and
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171 implementing that into intraday price action. Here we have
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175 an example of a Judas swing. And I'm going to now teach you
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179 the implementation of it in bullish condition. Okay, so here
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183 we have the euro dollar chart. And I want you to take notice
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187 that we have the Asian range applied. We also have the
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191 midnight delineation in New York. I'm also highlighted the
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195 opening price at midnight. So this is the new york opening
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199 price. So whenever you hear me refer to New York open price,
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203 it's that price. Okay, whatever the opening price is exactly
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207 at midnight, New York time. I draw that out to around 11
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211 o'clock in the morning. And obviously, we see the Asian
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215 range high Asian range low. The premises we would have to
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219 already arrive at and then analysis that lends well to
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223 bullish prices for eurodollar for this particular day, if we
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227 have that assumption, and we stick to our guns, if you will,
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231 about only taking a trade based on what I'm going to suggest
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235 to you here, in your demo account, I think you're gonna see
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239 there is a repeating phenomenon. In consistency. If you
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243 apply it, it will not give you a trade every single day to
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247 practice with, it will give you a set up a few times a week.
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251 If you look at the majors that are coupled with $1, euro
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255 dollar cable, Aussie dollar dollar yen, there's four markets
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259 if you just watch those, it'll give you a wide array of
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263 potential scenarios where this type of thing forms. Now what
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267 is the Judas swing here and how is it implemented on a
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271 bullish scenario? We're looking for an Asian range that is
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275 in a tight consolidation. We look for initial run up the
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279 trip traders in so buy stops are hit traders are now long on
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283 a breakout. We wait for the market to trade down below the
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287 Asian range low that take the stops, anticipate some measure
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291 of a sweep 1020 pips or so. But this move below the opening
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295 price that shaded in here. This is actually the ICT Judas
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299 swing. Now this is a bullish Judas swing and it creates the
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303 low of the day inside the London session.
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307 The London low two ends up becoming the low of the actual
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311 day. So what we look for is obviously a higher time frame
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315 premise that we are anticipating bullishness or a higher
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319 close on the day and we wait. We wait for a scenario where
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323 the agent ranges tripped by running the stops above the
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327 Asian range high. Okay, this is the first level of
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331 manipulation and then we anticipate a move below the opening
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335 price. Preferably we want to see a trade below the Asian
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339 range low. If you were to trade just below that Asian range
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343 low as an entry and use a respectable amount of pips in
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347 turn. Have a stop, it might get you into a pretty good trade
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351 below below this Asian range low to a certain degree of
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355 support. In old high trade to classic support resistance
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359 ideas would lend well here as well. But long and short we
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363 want to see a measure of move below the opening price. See
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367 the actual drop below the opening price is a ICT Judas swing
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371 when the markets bullish otherwise just any little little
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375 movement below it like this one here. This would not start
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379 in ICT due to swing. The Judas swing is first it leads
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383 traders in on the wrong side. And then it tears lower going
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387 below the Asian range low and this whole move lower opening
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391 price. That's exactly the ICT Judas swing, my initial
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395 teaching and when I was teaching on baby pips when I was
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399 doing videos for that community. It was right away. snatched
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403 up by a lot of traders and say, Well, this is the Judas
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407 swing or that's the Judas swing. And I didn't give you the
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411 details that I'm giving you here. Okay? So there's a
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415 specific element that has to be there. Otherwise, it's not a
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419 Judas swing. Okay? And why did I name it a Judas swing? I
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423 try to teach my children these concepts. And I come up with
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427 little interesting titles for certain things like order
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431 blocks, and Judas swings and things like that. And it just
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435 helps me create a language for them to learn. And it's a
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439 phenomenon that makes sense because, you know, sheep
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443 herders, they would use a Judas goat and the Judas goat
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447 would lead the sheep into the slaughterhouse but the Judas
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451 goat would turn away right before going into the
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455 slaughterhouse while the sheep just kept on going on. And
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459 obviously, you know the outcome you get lamb chops. So, that
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463 same premise is seen in price action where the the introduce
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467 false breakout here but then the Judas goat leads price
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471 action lower And traders that see this they want to go
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475 short. They sell, sell, sell sell so and that's actually the
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479 wrong thing to be doing. The actual price is going the other
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483 way after it goes below the opening price. So what we're
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487 looking for is the element of a bullish Judas swing is a pop
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491 above the Asian range high, then a drop below the opening
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495 price at midnight, and then below the Asian range low when
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499 that occurs. That's the actual Judas swing that's bullish.
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503 Now this is what it looks like without any of those elements
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507 on the price action. And you can see probably doesn't give
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511 that much detail to you. But again, we add it back. Let that
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515 burn in. You can see it gets a whole lot more clarity as to
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519 why price is doing what it's doing.
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523 Okay, now we're going to define the ICT Judas swing for a
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527 bearish scenario Okay, so we're looking at the dollar CAD
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531 here, very similar to what we just mentioned on the previous
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535 pair, the Euro dollar. Now we'll be looking at the dollar
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539 CAD with very similar idea. The idea of going into this day
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543 was higher timeframe bearishness, so we anticipate a lower
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547 close based on what we anticipate from either higher
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551 timeframe daily or weekly. But for this example, again, the
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555 Asian range, small tight consolidation, we want to see it
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559 drop down, trip traders in right away, then run on the other
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563 side of the Asian range high. That movement above the
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567 opening price above the Asian range high that is the Judas
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571 swing. This is the false or trap move that I use to get in
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575 on London setups. Now, that's not the only setup, but that's
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579 one characteristic of the setups that I use. Now, right
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583 away, somebody's going to say, well, you're holding things
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587 back, Michael, that's not fair. Well, that's why I have a
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591 mentorship. I don't hold anything back later. But I've given
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595 you enough here, that if you look through your price charts,
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599 Okay, even if you're not trading them live with your demo
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603 account. Look for these things in hindsight, because by
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607 printing them out and creating a study log of what these
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611 individual days look like, it will build a historical
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615 reference in your memory. And even though you weren't
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619 actually in these moves, if you are able to watch price
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623 action live, you'll start to see when it should be
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627 happening. Again, the number one premise going into this
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631 when it's bearish, we want to anticipate lower prices
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635 momentum lower. So that way we'll be looking for after
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639 midnight, New York time. We want to see price initially
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643 dropped down below the Asian range low when that happens. We
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647 are set to wait and anticipate the run back above the Asian
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651 range high. When it does that and goes above the opening
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655 price at that moment right here on this candle. This becomes
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659 a Judas swing, because it's now leading people in on the
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663 wrong side. Why because we have already arrived that a
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667 bearish tone on the marketplace so all right now is
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671 suggesting lower prices. While any rally intraday at this
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675 time of day should be viewed as a suspect rally or a fake
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679 move. It's going to run up here and get everybody excited
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683 and notice the most energy is seen with it making the high
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687 of the day. This is slow lethargic movement below that's
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691 typical that stopped running below the Asian range low there
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695 was short holders that have been trading short now on a
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699 breakout their stops gonna be reading above here 1020 pips
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703 type of scenario unfold. That's about how far the Judas will
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707 reach for creates the high the day and then quickly moves
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711 away. That's a telltale Hallmark sign that traders have now
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715 been trapped in any return back to it. All I'm seeing is an
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719 Asian range return back to the high doesn't give them an
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723 opportunity to see higher prices and then quickly
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727 accelerates going lower in the New York session. So
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731 hopefully I've given you a little bit more detail and
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735 insight about what makes an ICT Judas swing. It really is
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739 nothing more than this, just watch the video a few times,
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742 00:12:10,710 ~-~-> 00:12:14,880
743 the elements and characteristics of it are very simple. You
744
745 187
746 00:12:14,880 ~-~-> 00:12:17,640
747 want to see the manipulation first, when it's bearish below
748
749 188
750 00:12:17,640 ~-~-> 00:12:20,640
751 the Asian range, well, then climb above the opening price at
752
753 189
754 00:12:20,640 ~-~-> 00:12:23,160
755 midnight and then go through the Asian range high. Once it
756
757 190
758 00:12:23,160 ~-~-> 00:12:26,670
759 does that, that's a Judas swing. You can demonstrate that or
760
761 191
762 00:12:26,970 ~-~-> 00:12:30,150
763 do some back testing and see how this works out. Many times
764
765 192
766 00:12:30,150 ~-~-> 00:12:33,030
767 when you have a bearish tone from a higher time perspective,
768
769 193
770 00:12:33,870 ~-~-> 00:12:36,300
771 this is the type of move you'll see. Okay, and another
772
773 194
774 00:12:36,300 ~-~-> 00:12:39,180
775 classic sign that you're right, is if it starts to move
776
777 195
778 00:12:39,240 ~-~-> 00:12:43,500
779 aggressively away from that high because now it's already
780
781 196
782 00:12:43,500 ~-~-> 00:12:47,220
783 done its work. sheep are getting slaughtered. So hopefully,
784
785 197
786 00:12:47,640 ~-~-> 00:12:49,920
787 you can go through your charts and find many examples of
788
789 198
790 00:12:50,100 ~-~-> 00:12:53,040
791 this very thing happening. I think if you look at a large
792
793 199
794 00:12:53,040 ~-~-> 00:12:57,270
795 sampling of data, say you know three or four months and pick
796
797 200
798 00:12:57,270 ~-~-> 00:13:00,690
799 a couple pairs, you'll see that this is In fact, what
800
801 201
802 00:13:00,690 ~-~-> 00:13:02,550
803 actually happens in the marketplace, and it's very
804
805 202
806 00:13:02,550 ~-~-> 00:13:06,660
807 interesting to see it live, I've never had a loss of
808
809 203
810 00:13:07,350 ~-~-> 00:13:09,990
811 interest when it comes to watching London setups because
812
813 204
814 00:13:10,440 ~-~-> 00:13:13,020
815 it's a repeating phenomenon. It's pretty classic, it goes on
816
817 205
818 00:13:13,020 ~-~-> 00:13:17,310
819 and on and on, in terms of consistency, but again, try not
820
821 206
822 00:13:17,310 ~-~-> 00:13:20,130
823 to believe that it's going to form every single day because
824
825 207
826 00:13:20,130 ~-~-> 00:13:22,230
827 it's not going to do that, folks, there's gonna be times
828
829 208
830 00:13:22,230 ~-~-> 00:13:26,070
831 where I set up as this really loaded in your favor to see
832
833 209
834 00:13:26,190 ~-~-> 00:13:29,460
835 either trade lower with a lower close or a higher close when
836
837 210
838 00:13:29,460 ~-~-> 00:13:32,220
839 bullish. And this is the type of scenario we are looking
840
841 211
842 00:13:32,220 ~-~-> 00:13:35,670
843 for. Now, here's the takeaway from this. If you don't see
844
845 212
846 00:13:35,670 ~-~-> 00:13:38,640
847 this phenomenon take place, it's probably better for you to
848
849 213
850 00:13:38,640 ~-~-> 00:13:41,700
851 stay at the marketplace, because you want to be trading in
852
853 214
854 00:13:41,700 ~-~-> 00:13:45,330
855 the most highest probable condition. And in my opinion, if
856
857 215
858 00:13:45,330 ~-~-> 00:13:47,700
859 you're looking for London setups, this is one of the best
860
861 216
862 00:13:47,730 ~-~-> 00:13:50,430
863 things to look for and one of the hallmarks to outstanding
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865 217
866 00:13:50,430 ~-~-> 00:13:51,240
867 London sessions.
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869 218
870 00:13:57,840 ~-~-> 00:13:59,850
871 Hopefully you've enjoyed this presentation and if you'd like
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873 219
874 00:13:59,850 ~-~-> 00:14:02,790
875 to More, you can find additional teachings at the inner
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878 00:14:02,790 ~-~-> 00:14:03,930
879 circle trader.com