For example in this case, iīm waiting for a possible retrace to the ma5/ma10. If it happens, iīll see if i got a code. If yes, iīll enter the trade and try to ride it untill the end of the bbma sequence. {image}
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Thank you for your explanations. briefly now in your example you are waiting for a return on H4 to enter short, confirmed by a reentry / extreme on H1 and an extreme / MHV on M15. I understood right?
{quote} Thank you for your explanations. briefly now in your example you are waiting for a return on H4 to enter short, confirmed by a reentry / extreme on H1 and an extreme / MHV on M15. I understood right?
{quote} ok, iīll try to explain a little bit more. The bbma sequence is always the same. The sequence is: Extreme + MHV ( not always ) + csde + csdc + re-entry + cs momentum + re-entry + extreme. The problem is we have to accept what the market give us, so, not always the sequece happens from the begining. If, for example, your main timeframe is 4h like me, and if iīm seeing a cs momentum, i wait for the re-entry. The re-entry is when the price retraces and test/re-test the ma5/ma10. After this, i will see if i have a bbma code. If i have a bbma,...
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After only CSDC
After one CSM
How many re-entry we can take?Just 1 on per signal?
System seems reasonable for entries, but I did not find any info on stop loss and profit targets?
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Itīs up to you my friend. The stoploss and take profit are not mentioned in any bbma rule. As for me, i use a trailing stop of 30-50 pips depending on the pair. Sometimes when i think itīs the begining of the sequence, i dont use takeprofit. As for the stoploss, i never risk more than 10% of my account and only 2% per pair having a maximum of 5 pairs. So if one trade goes wrong i loose 2% of my capital.
{quote} Thanks. So After Extreme A if CS couldn't break top/low BB.It's complete MHV. TP Wajib & A reverse candle after (CS couldn't break top/low BB) is not necessary to complete MHV?
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After Extreme, TP Wajib, then MHV. If your at sell perspective, TP Wajib to MHV is also Reentry Buy (from buy perspective). Hence, TP Wajib after Extreme Sell ( assuming you are shorting the Extreme, it is mandatory to TP at TP Wajib (wajib = mandatory). Because almost always, market will try to retest back at previous high....and if theres no volatility (CS Momentum), only then it is considered MHV. ( MHV = forming after extreme, reverse candle, retest back at highest point ).
{quote} Thanks. So After Extreme A if CS couldn't break top/low BB.It's complete MHV. TP Wajib & A reverse candle after (CS couldn't break top/low BB) is not necessary to complete MHV?
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Yes thatīs right. A MHV is always after an extreme and the cs can not close outside the bb.
{quote} After Extreme, TP Wajib, then MHV. If your at sell perspective, TP Wajib to MHV is also Reentry Buy (from buy perspective). Hence, TP Wajib after Extreme Sell ( assuming you are shorting the Extreme, it is mandatory to TP at TP Wajib (wajib = mandatory). Because almost always, market will try to retest back at previous high....and if theres no volatility (CS Momentum), only then it is considered MHV. ( MHV = forming after extreme, reverse candle, retest back at highest point ).
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Cs momentum is not volatility. Cs momentum is when a candle closes outside the top/under BB.
{quote} You can take multiple positions if you want. It all depends how much you are willing to risk.
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I am not saying about multiple position.
After CSM we get a buy reentry.After that market gone up but can't break top BB and reverse.Then we get another Reentry.Will we take this entry?Because after CSM we already got a reentry setup.
{quote} I am not saying about multiple position. After CSM we get a buy reentry.After that market gone up but can't break top BB and reverse.Then we get another Reentry.Will we take this entry?Because after CSM we already got a reentry setup.
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After you get a cs momentum, you have to wait for a re-entry. This re-entry is when the price ( candle stick ), is going to retrace and is going to test the ma5/ma10 and/or the mid bb and/or the ema50. After this step, you have to confirm this re-entry with the bbma code. If you have code, you can enter the trade. Thatīs it.
{quote} After you get a cs momentum, you have to wait for a re-entry. This re-entry is when the price ( candle stick ), is going to retrace and is going to test the ma5/ma10 and/or the mid bb and/or the ema50. After this step, you have to confirm this re-entry with the bbma code. If you have code, you can enter the trade. Thatīs it.
{quote} Cs momentum is not volatility. Cs momentum is when a candle closes outside the top/under BB.
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yes agree. im referring to the general BB principle, where it measures volatility (ref: John Bollinger). for bbma purist, suffice to know that cs closes outside bb means momentum. Different terms, same situation.
