the cautious seldom err....C
Day Trading vs. Swing Trading vs. Position Trading 86 replies
BBMA Trading Journal 5 replies
DislikedFrom the chart you can see there were no more csm candles which really mean the down trend has lost momentum. I will be wary when I see such a situation..this is how I see pa with bbma {image}Ignored
Disliked{quote} What do you do when there's a situation like that? Referring to the BBMA cycle, there's no extreme then MHV to end the trend, or is that it a couple of days before the CSM? Watching with interest, but I'm still trying to work a couple of things out.Ignored
Disliked{quote} It's best to wait and see if we get a csm or a csd..if you really want to trade then go on M15 to scalp with a more accurate entry and smaller stop..the charts I show are daily and be prepared for a bigger stop. do you know what I mean by a csd?Ignored
Disliked{quote} Thank you. The information I've been able to find for BBMA isn't very clear on stops and targets apart from the mandatory TP after an extreme. I'm leaning to just setting a fixed target ratio with the stop behind the retrace or whatever got me in the trade. 2:1 or something. If you have some light to shed it's welcome! I'm more interested in trading 1hr and up than scalping, just trying to work out some consistency now, and after I get that it's just a matter of scale really.Ignored