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Disliked{quote} Hi Samuelkanu, The beauty of the BBMA system with alert... more frendly... make you advance,,, to use my templet you must really understand the true Basic System BBMA in detail ... you can see the ease of it in my tempelate happy trading guys {image} {file} {file} {file} {file}Ignored
Disliked{quote} Hi can someone here to help to re-code the MHV_AREA indicator to shrink its rectangle cloud? Trying to use it but found its rectangular cloud always cover up many candles and is troublesome to reset it manually every now and then. Thank you in advanceIgnored
DislikedHi, I often got confuse how to differentiate between extreme and momentum? I read extreme condition when MA5/MA10 line got out of the bolinger band. Momentum condition also same like extreme. Can someone tell me whats the major difference? TQIgnored
DislikedTrend is determined by the daily chart and entries are made on the chart of your choice (depends on timeframes traded). My entries are on the M15 chart.Ignored
BBMA consists of 3 types of entries:
Moving Average Settings
There are 5 MAs used in the system:
2 High Moving Averages Weighted
•MA 5 HIGH (RED)
•MA 10 HIGH (YELLOW)
2 Low Moving Averages Weighted
•MA5 LOW (MAGENTA)
•MA10 LOW (WHITE)
1 Moving Average Exponential
•EXPONENTIAL MA 50 (AQUA)
Bollinger Band Settings:
Period = 20
Shift = 0
Deviations = 2
Apply to = Close
Understanding the Moving Averages:
Downtrend:
MA 5/10 HIGH is above the candles
MA 5/10 LOW goes through the candles
MA 10 HIGH is above MA 5 HIGH
MA 10 LOW is above MA 5 LOW
https://steemitimages.com/DQmNacDKdvPP1A5zXL19A1Zh3jzLVtxpLAmDD9U6xxHMNSe/1.png
Uptrend:
MA 5/10 LOW is below the candles
MA 5/10 HIGH goes through the candles
MA 5 HIGH is above MA 10 HIGH
MA 5 LOW is above MA 10 LOW
https://steemitimages.com/0x0/https://steemitimages.com/DQmPmmewhhWfRC4so77aLMGBkGZpfFTTVYSMCU9AhcZNH9b/2.png
The above MA are only used to help determine trends use the MA50 on a daily
chart to help and get confirmation of the trend. When the market is above the
MA50 price is said to be in an uptrend. When the market is below the MA50
price is said to be in a down trend.
MAs can also act as support and resistance
https://steemitimages.com/DQme9Y5WoiJ3jofPhT9Gqtrm2ykcEV5SpW23PqCiHYomi7N/3.png
Understanding Bollinger Bands
Downtrend:
Candles are below the MID BB
https://steemitimages.com/0x0/https://steemitimages.com/DQmV7yApZyLa86jG63497ezbY2NoAhCSn1iFyCaG5en4DkF/4.png
Uptrend:
Candles are above the MID BB
https://steemitimages.com/DQmU2Y7tvansbP2c2zW3pbW1MupRQz9jcQHGETSTw2AvodE/5.png
MID BB: MID BB acts as support and resistance as well.
BBMA Entry Types:
EXTREME SETUP:
Downtrend:
NOTE: Extreme is an early indication for a trend reversal.
This is a scalping technique, your TP Range is 30-50 pips
depending on the TF. (Always TP as the market direction has not
been confirmed yet).
If CS closes outside the TOP BB then the Extreme is VOID!
Confirm direction when MHV and CS Momentum takes place.
Always back test and confirm on multiple TFs.
SL can be placed a few pips above the Highest Shadow/Wick.
https://steemitimages.com/0x0/https://steemitimages.com/DQmRMwyiQDQWXwHjk129hSsZGNkLyDXWTDTvQ3qeeXzU4aw/6.png
MHV SETUP:
MHV Conditions:
https://steemitimages.com/0x0/https://steemitimages.com/DQmeB5PSwfQuq5uceuYnpghkV2CVmyuap8VMCrZXxHhKHqA/8.png
RE-ENTRY:
Re-entry is formed after the Rise/Fall of a price or market and the price or
market is now forming a sideways market for a Re-entry.
1
2
3
4
Notes:
The BBMA Cycle:
Extreme Must TP MHV Candle Direction Re-entry
Candle Stick Momentum Re-entry
https://steemitimages.com/DQma8yKvccNeaQT4NSFdSLP8YP7DzLSSVAuHuyGx9xpM2eP/11.png
DislikedThis is a famous system in south asia and south east asia .Personally know some friends using it.Hope this will help I found this on web. I like oma allys idea of Line of fire /kill zone BBMA consists of the use of 2 indicators: Moving Averages Bollinger Bands BBMA consists of 3 types of entries: Extreme MHV Re-Entry Moving Average ...Ignored