Its beyond just yesterday, it can be as short term as intra week or previous month or even 2 months ago. Old low/highs like that are gold mines because there are a lot of orders from big whales
All concepts have to be blended with other concepts
Incoorporate this with PD array matrix, HTF institutional orderflow, displacement
“While most statistics state that day trades don’t make money consistently over time, because number 1 they don’t look for conditions that are right for day trading” That skillset comes by experience and by having rules
London open judas New York open judas Asia judas London close judas on particular days Its all the same stuff, by itself theyre pretty useless but if they trade into a PD array it becomes very high probability
Second time watching
Most daytraders dont make money because number 1: they dont look for conditions that are ripe for daytrading
It takes a while, that experience factor cant be teached. It has to be earned trough time.
Build scenarios, sit in front of your chart and think why would they do this why is this happening what was the purpose.
We try to time intraday reversals These reversal concepts are large in scale with intermediate ideas like here, but it can also be used on the LTF like London open judas swing, if were bearish we expect a rally up and then look for the reversal CME open new york judas Asia 8pm judas London close judas, on particular days