Disliked{quote} So, it's like saying that EXTREME can have CSM and requires MAHI 5 to go outside BB but if we don't see signs of MLV the EXTREME is now invalid, and its just MOMENTUM and it will keep on going up/down?Ignored
first comes csm, (a candle closing outside BB), then you need to wait until ma5 also gets out of BB in order to consider a potential extreme. Extreme is only confirmed after the appearance of a reversal candle. followed by a test of highs/lows.
without a reverse candle, you don't have a extreme.
without a test of highs/lows, you don't have an entry.
Extreme is not a entry, its a sign of a potential reversal, or sideways. Potential end/reverse of movement.
if extreme is confirmed, the entry will be when price re-test the high/low touching ma5.
if enter the market, tp must be taken at opposite ma5. mandatory. this is a scalp procedure.
re-enter in csm direction should be taken after tp mandatory.
price should make mhv. price should close above/bellow previous high/low, and needs also a reverse candle to confirm mhv.
after Mhv confirmed, follows CSD if price manage to break ma5's and mid bb (better if happens in a single candle).
just like a cycle.
in theory of course...this is the basic BBMA (mainly).
CSM->Extreme->Re-rentry->MHV->CSD->CSM->Re-entry.
If you don't know how to earn money, don't loose it.
2