the cautious seldom err....C
Day Trading vs. Swing Trading vs. Position Trading 86 replies
BBMA Trading Journal 5 replies
Disliked{quote} I've labeled the chart, I see a candlestick direction and you've put the pending orders at the moving average low. Looks like I'm getting it! Thanks again, you've been very helpful. {image}Ignored
Disliked{quote} Exactly , you may also like to take a look at the monthly. What is it telling youIgnored
Disliked{quote} Oh yes, I see. Right on the MALO, mid BB and not far from the 50EMA to boot. Last part of the cycle I can see is a CSM, so this looks like a good retracement setup. A plethora of setups available over the time frames. Should be entirely possible to hit a consistent 5% a month with this system, and from what I've researched, if you can do that consistently you're a rock star. {image}Ignored
Disliked{quote} I am impressed with yor knowledge of bbma, have you been trading this method ? you are seeing things that many do not see. You must be joking of 5% a month. I hit 100% on one account and 80% on another in a month. You can easily hit 5% per dayIgnored
Disliked{quote} I just did my research and it's simple and logical. It clicked pretty quickly. Read through the thread and a couple of the PDF's here https://www.forexfactory.com/thread/...gy-by-oma-ally There was also the video I linked in the trading 101 thread. Once you understand the cycle it's just working out where in the cycle you are and looking for the next step. Maybe dialing down a time frame or two to get a better entry. As far as returns, like I wrote earlier, it's most just scale. Ultimately I want to trade for a...Ignored
Disliked{quote} I just did my research and it's simple and logical. It clicked pretty quickly. Read through the thread and a couple of the PDF's here https://www.forexfactory.com/thread/...gy-by-oma-ally There was also the video I linked in the trading 101 thread. Once you understand the cycle it's just working out where in the cycle you are and looking for the next step. Maybe dialing down a time frame or two to get a better entry. As far as returns, like I wrote earlier, it's most just scale. Ultimately I want to trade for a...Ignored
Disliked{quote} Oh, I didn't notice that! I've always though the asian session was something of a waste of time to watch (although I usually work during it anyway). You're getting me excited about using BBMA to trade asia now. I take it the two vertical lines on your chart are London and NY open? As for the ranging, I understand it indicates a possible retracement setup on the next higher time frame. So your USDJPY daily would indicate a setup on the weekly. And now I checked, there it is: {image}Ignored
Disliked{quote} Thanks! Having a look at the charts I'm wondering if there may be some weakness in the USD. The daily chart (first one) for AUDUSD for example. Having said that, I could've taken EURAUD at the start of the day (2nd chart) for a nice little profit, just look at all the MA's bunched up there. Oh well, live and learn. {image} {image}Ignored