{quote} Thanks, How do u manage these trades where is your sl and target.
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sometimes i put a trailing stop of 30/40 pips and let the trade go. Other times when i see the begining of a complete bbma sequence i open multiple positions and the the trades go untill there is an extreme.
{quote} sometimes i put a trailing stop of 30/40 pips and let the trade go. Other times when i see the begining of a complete bbma sequence i open multiple positions and the the trades go untill there is an extreme.
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Sorry for too many questions,
Do u look for completion of sequence on the lowest tf in this case u will look at 15 mins?
Also is this the reentry on 15m after cs momentum?
{quote} Sorry for too many questions, Do u look for completion of sequence on the lowest tf in this case u will look at 15 mins? Also is this the reentry on 15m after cs momentum? {image}
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Not always we have a complete bbma sequence. We have to accept what the market give to us. I enter when i see a setup. I wait to the re-entry and see if there is a code. If there is code, i enter the trade.
In your case, there is a re-entry but you have to look also on the other 2 time frames if you have a code to enter.
{quote} Not always we have a complete bbma sequence. We have to accept what the market give to us. I enter when i see a setup. I wait to the re-entry and see if there is a code. If there is code, i enter the trade. In your case, there is a re-entry but you have to look also on the other 2 time frames if you have a code to enter.
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What about these trade?Same also on EURNZD,AUDUSD and some other pairs.Do we have to enter after m5 MHV?
{quote} What about these trade?Same also on EURNZD,AUDUSD and some other pairs.Do we have to enter after m5 MHV? {image} {image} {image}
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I now that this bbma thing can be a little confusing. So the bbma works this way:
- For example, you have a csdc on the 4h chart. You have to wait for the re-entry ( price retrace and touches the ma5/ma10 and/or mid bb and/or ema50. After this, you have to see on the 1h chart and on 15m chart if we have a code. The code for bbma is REE, REM and RRE ( it could have more variations ). If you have code, you can open a position buy/sell.
- The perfect setup is the begining of bbma sequence, i.e, since the extreme + mhv. If we, for example, see this extreme+mhv on the 4h, then we have to see if we have code. In this case is always MHV (4h) + R or E (D1) + R (W1) = code.
{quote} I now that this bbma thing can be a little confusing. So the bbma works this way: - For example, you have a csdc on the 4h chart. You have to wait for the re-entry ( price retrace and touches the ma5/ma10 and/or mid bb and/or ema50. After this, you have to see on the 1h chart and on 15m chart if we have a code. The code for bbma is REE, REM and RRE ( it could have more variations ). If you have code, you can open a position buy/sell. - The perfect setup is the begining of bbma sequence, i.e, since the extreme + mhv. If we, for example, see...
{quote} I now that this bbma thing can be a little confusing. So the bbma works this way: - For example, you have a csdc on the 4h chart. You have to wait for the re-entry ( price retrace and touches the ma5/ma10 and/or mid bb and/or ema50. After this, you have to see on the 1h chart and on 15m chart if we have a code. The code for bbma is REE, REM and RRE ( it could have more variations ). If you have code, you can open a position buy/sell. - The perfect setup is the begining of bbma sequence, i.e, since the extreme + mhv. If we, for example, see...
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Thanks brother.
I like to enter on M5.
So my perfect setup would be MHV (M5) + R or E (M15) + R (H1) = code
