BB break + trendline break | Forex Factory

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BB break + trendline break

  • #1
  • First Post: Feb 13, 2019 8:15am Feb 13, 2019 8:15am
Hi I just wanted to share a trend break system with you guys.

You should just try it on past charts first than move onto demo.


Its simple
15 min tf AUDUSD (YOU CAN TRY ANY PAIR)

Lets look at BUY

We must wait for price to break and close below bottom of bollinger bands.

Option#1
if price breaks above midline of bollinger bands without first rejecting the midline than we buy at the close of the candle that breaks the midline.
our SL is 10 pips , we bring our SL to breakeven when price reaches 10 pips , we take profit at 15 pips.
Option #2
If price rejects midline we draw a trendline from the previous high to the top part of the wick of this rejection and wait for a break and close of this trendline. Our sl tp etc are same as above after this.

I will show examples.
the first example is option #2 where price rejects midline first
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 85 KB
  • #2
  • Feb 13, 2019 8:20am Feb 13, 2019 8:20am
Trendline break is good entry,

BB is also good but the best way i used them is with TMT System
Using trendline pullbacks.

https://www.forexfactory.com/showthread.php?t=577639
TMT Scalping System (Best system on FF)
  • #3
  • Feb 13, 2019 8:22am Feb 13, 2019 8:22am
example of a sell trade

this is option #1
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 80 KB
  • #4
  • Feb 13, 2019 8:22am Feb 13, 2019 8:22am
Quoting hibra68
Hi I just wanted to share a trend break system with you guys. You should just try it on past charts first than move onto demo. Its simple 15 min tf AUDUSD (YOU CAN TRY ANY PAIR) Lets look at BUY We must wait for price to break and close below bottom of bollinger bands. Option#1 if price breaks above midline of bollinger bands without first rejecting the midline than we buy at the close of the candle that breaks the midline. our SL is 10 pips , we bring our SL to breakeven when price reaches 10 pips , we take profit at 15 pips. Option #2 If price...
quite interesting...good job!!
Know The Presence Of The Market
  • #5
  • Feb 13, 2019 8:26am Feb 13, 2019 8:26am
Ok i forgot to mention. This is very important


close the trade if a candle breaks back midline and closes.


here is an example of a losing trade.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 78 KB
  • #6
  • Feb 13, 2019 8:28am Feb 13, 2019 8:28am
Quoting jesxrussel
{quote} quite interesting...good job!!
tnx..



Can everyone just test this out with different pairs and report.
  • #7
  • Feb 13, 2019 8:30am Feb 13, 2019 8:30am
Quoting Pollen
Trendline break is good entry, BB is also good but the best way i used them is with TMT System Using trendline pullbacks. https://www.forexfactory.com/showthread.php?t=577639
I tried TMT for awhile without success.

But I think it just had to do with being able to watch the computer .

Even with alerts its hard to trade while working fulltime.


I wonder if someone can make EA if this is profitable.
  • #8
  • Feb 13, 2019 8:30am Feb 13, 2019 8:30am
If some people can try this only after london and new york open it would be great.

As i think this might have better success.
  • #9
  • Feb 13, 2019 5:40pm Feb 13, 2019 5:40pm
Quoting hibra68
If some people can try this only after london and new york open it would be great. As i think this might have better success.

Very simple and brilliant my friend......more than willing to give it a try,thank you very much :-)
  • #10
  • Feb 13, 2019 7:11pm Feb 13, 2019 7:11pm
Quoting scsstnt
{quote} Very simple and brilliant my friend......more than willing to give it a try,thank you very much :-)
Tnx
  • #11
  • Feb 14, 2019 12:36am Feb 14, 2019 12:36am
Quoting hibra68
Hi I just wanted to share a trend break system with you guys. You should just try it on past charts first than move onto demo. Its simple 15 min tf AUDUSD (YOU CAN TRY ANY PAIR) Lets look at BUY We must wait for price to break and close below bottom of bollinger bands. Option#1 if price breaks above midline of bollinger bands without first rejecting the midline than we buy at the close of the candle that breaks the midline. our SL is 10 pips , we bring our SL to breakeven when price reaches 10 pips , we take profit at 15 pips. Option #2 If price...
Nice ... Like it !
Thank you ... will try ...
If you don't build your DREAM, Someone will hire to help build theirs ...
  • #12
  • Feb 14, 2019 3:00am Feb 14, 2019 3:00am
Hibra,
Review this please ...
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 203 KB
If you don't build your DREAM, Someone will hire to help build theirs ...
  • #13
  • Feb 14, 2019 3:26am Feb 14, 2019 3:26am
Hibra,
Would like to review the TP and Sl please ...
Attached Image (click to enlarge)
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If you don't build your DREAM, Someone will hire to help build theirs ...
  • #14
  • Feb 14, 2019 3:54am Feb 14, 2019 3:54am
Quoting drsa1970
Hibra, Would like to review the TP and Sl please ... {image}
Sorry was asleep, i will look at it.
  • #15
  • Feb 14, 2019 4:04am Feb 14, 2019 4:04am
And if the trendline plotted correctly ....
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 203 KB
If you don't build your DREAM, Someone will hire to help build theirs ...
  • #16
  • Feb 14, 2019 4:14am Feb 14, 2019 4:14am
Quoting drsa1970
Hibra, Review this please ... {image}
After B the next bar breaks below midline so thats where we enter sell.
Once the midline is crosses and close its option 1. We either take trade or skip. And look for option 2
  • #17
  • Feb 14, 2019 4:35am Feb 14, 2019 4:35am
Quoting drsa1970
And if the trendline plotted correctly .... {image}
It does work. So maybe we can make a rule.
E.g. 1. Price breaks above top bb
2. Price rejects mid bb.
3. Price breaks and closes mid bb.( but we do nothing because it breaks before we establish a second rejection)
4. We wait for price to break back above mid bb.
5. We look for second rejection to establish trendline.

So if price breaks and closes before it establishes at least 2 rejections we dont take trade.

Also looks like price goes a lot further than 10 pips once it breaks trendkine. So we can change sl to above latest high after trend break and tp either 1:1 or reverse signal.
  • #18
  • Feb 15, 2019 8:55am Feb 15, 2019 8:55am
this strategy can be used timeframe H1???
Know The Presence Of The Market
  • #19
  • Feb 15, 2019 9:01am Feb 15, 2019 9:01am
Quoting jesxrussel
this strategy can be used timeframe H1???
anytimeframe is good
  • #20
  • Feb 15, 2019 9:20am Feb 15, 2019 9:20am
Quoting hibra68
{quote} anytimeframe is good
I just like bollinger bands alot so im open to any strategy that revolves around bb. so its ok to come up with new ideas and post here. i will change the title to something broader.
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