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- bumasoft replied Jan 22, 2015
Hello, Mr. Inceptionist, whoever you are, First of all, I explain to all my clients that the "Brilliant Reversals" indicator, which is just one amongst many in the package, DOES repaint. It is an improved version of the well-known semaphor. You ...
Brilliant Charts system preview and announcement
- bumasoft replied Dec 15, 2014
The offer still stands until 20th December. Thank you.
BumaSoft Mega Discounts! (Natural Cycle, Brilliant Charts,etc)
- bumasoft replied Feb 1, 2013
As I was saying a week ago, EURUSD is approaching it's weekly chart target. There should be a nice retracement from the 1.38-1.3860 area and a bigger one from 1.4130-1.4230 if price reaches that.
BumaSoft's Market Model - Free information on my core trading method
- bumasoft replied Feb 1, 2013
Aweful quiet in here... Left on a breakout trade last night on EURJPY. 90 pip target was hit sometime during my sleep
BumaSoft's Market Model - Free information on my core trading methodimage As for my USDCHF long, it is very slow, so I moved my stop loss to break-even: image There are two main reasons for ...
- bumasoft replied Jan 29, 2013
Hi, guys, A little quiet here lately. Sorry for the lack of updates, I just haven't traded much yesterday, I didn't see anything nice across the board. Nothing really nice right now either. I am just trying this scalp trade on the USDCAD: image
BumaSoft's Market Model - Free information on my core trading method
- bumasoft replied Jan 26, 2013
A trader asked me for more info on how to actually identify the areas, so here is a copy of my answer, in case it helps some of you here: For beginners, I recommend sticking to just EURUSD and picking three timeframes, each on a separate chart with ...
BumaSoft's Market Model - Free information on my core trading method
- bumasoft replied Jan 25, 2013
image Nice +33 pip scalp here, with 10 pip risk on the trade, from the 5 min chart. Hope you guys got this. It was based on the M15 demand area I had marked in the previous post.
BumaSoft's Market Model - Free information on my core trading method
- bumasoft replied Jan 25, 2013
EURUSD 15 Minute Supply/Demand Picture On the 15 Minute, we have demand levels all over the place and no supply levels in sight. Clearly biased to the upside for now. I will let you guys score all these levels. It's the only way you can practice! ...
BumaSoft's Market Model - Free information on my core trading method
- bumasoft replied Jan 25, 2013
EURUSD Hourly Supply/Demand Picture Now, based on fractality (higher timeframes), we are expecting price to move up. So let's see what we have on the lower timeframes: hourly chart. image We have demand building up, the green demand areas should ...
BumaSoft's Market Model - Free information on my core trading method
- bumasoft replied Jan 25, 2013
EURUSD Weekly Supply/Demand Picture So, we are expecting EURUSD to absorb supply on the daily. Where could price be heading then? For that, we turn to the higher timeframe: the weekly: image Probable first target is 1.3880.
BumaSoft's Market Model - Free information on my core trading method
- bumasoft replied Jan 25, 2013
EURUSD Daily Supply/Demand picture image Supply will most likely be absorbed.
BumaSoft's Market Model - Free information on my core trading method
- bumasoft replied Jan 21, 2013
Intro to psychology of trading In buddhist practice, there is something called the "four great efforts". These deal with progress on the path, towards the goal of enlightenment. The same buddhist four great efforts are those a trader has to work ...
BumaSoft's Market Model - Free information on my core trading method
- bumasoft replied Jan 21, 2013
Hope this clears things up a bit. Let me know if you have questions or something is not clear in the screenshot.
BumaSoft's Market Model - Free information on my core trading method
- bumasoft replied Jan 21, 2013
inditrader, thank you for your feedback and welcome to the thread! I will reply to you with my own chart analysis of GBPJPY H1 in a minute.
BumaSoft's Market Model - Free information on my core trading method
- bumasoft replied Jan 20, 2013
Example of corelation use I mentioned corelation a while ago as a means of improving odds. Here is a H8 (8 hours) chart of the US Dollar Index over the last 40 days. We're at demand, low on the curve, with good odds of price going up to 80.50. There ...
BumaSoft's Market Model - Free information on my core trading method
- bumasoft replied Jan 20, 2013
Important tips based on a recent residual energy area Let's take a look at this screenshot of an USDJPY hourly chart: image First of all, the level I highlighted in that red ellipse wasn't really fresh. Even though it wasn't just a test of a ...
BumaSoft's Market Model - Free information on my core trading method
- bumasoft replied Jan 19, 2013
Incorporating volume as an optional way to identify the areas more easily image Above is a chart of the volume bars I use in my Brilliant Charts system. The price bars are coloured according to very low, low, average, high, very high and ultra ...
BumaSoft's Market Model - Free information on my core trading method
- bumasoft replied Jan 19, 2013
Let's dive into some charts (mostly live trades I took recently). Next week, we'll plan some trades ahead of time. In this post, we are going to look at a recent residual demand area on the EURUSD. It was visible from the H4 chart and lower ...
BumaSoft's Market Model - Free information on my core trading method
- bumasoft replied Jan 19, 2013
Corelation Corelation can be used to boost odds. For example, when thinking of going short the EURUSD, you can check if USDCHF is in a demand area (they are about 98% counter-corelated) or see if the US Dollar Index is in a demand area on the same ...
BumaSoft's Market Model - Free information on my core trading method