Daily Trading Ideas

Monthly seem valid

weekend..
time to take a break from market..
rest our brain from thinking about trading..
also time to indentify/improve our mistake from past 5 day..
new week so new chapters open..
enjoy weekend folks..

hi Comar,, I just read some of ur posts & watch the basic bbma video,, now im quite confused the code "MHV" & "MLV"
could you please let me know the difference between these two
thanks & good weekends all

Hi, it is "Market High Volume" and "Market Lose Volume".

Thank you Akim, nice weekend too!

GD all.....

it no difference mate
MHV = MARKET HILANG VOLUME (in Malay)
MLV = MARKET LOSE VOLUME (English)

I might take back my quote .... im wrong about MHV

no mater mate ,,, we learn together

Very interesting article about gold margin, if someone has some kind of confirmations, please share !!!

https://www.zerohedge.com/news/2020-...et-act-raising

happy weekend, Akim and everyone here!

Akim, I dont know if anybody have asked you this question here before. If you have answered it, please just ignore me.
but I am wondering, how did you start your trading journey? How did you discover this world? How did you learn what you know today? How did you find a mentor you could trust? And how many years have you been trading?

i’m sorry for asking so many questions. But i’ve followed this thread for a few months now and i have always been wondering.
since it is weekend, would you mind telling us your story? Thank you, Akim!

p.s: leong, junn, comar, froggy, xnaro i’ve learned so much from you guys too. It’ll be awesome too if you guys would also share your story.

thanks Comar & wofvman,,we have very kind & brilliant traders here
,,will seriously study bbma from the basics
btw, one more question,, what does "Market lose volume(MLV)" really means on the chart? please,, as i understand from the bbma book,, it refers to candles close/ rejected inside the BB? isnt it? & it has nothing to do with the volume tick or real volume in fx

BBMA Basic ...
BBMA consists of using 2 indicators:

 

1. Moving Average
2. Bollinger Bands

BBMA consists of 3 types of entries:

1. Extreme
2. MHV
3. Re-enter

Moving Average Settings
There are 5 MAs used in the system:
2 Weighted High Moving Average
• MA 5 HIGH (RED)
• MA 10 HIGH (YELLOW)
2 Weighted Low Moving Averages
• LOW MA5 (MAGENTA)
• LOW MA10 (WHITE)
1 Moving Average Exponential
• MA Exponential 50 (AQUA)
Bollinger Band Settings:
Period = 20
Shift = 0
Deviations = 2
Valid for = close
Understanding Moving Averages:
Downtrend:
MA 5/10 HEIGHT on a candle
MA 5/10 LOW passes through the candle
MA 10 HIGH is above MA 5 HIGH
MA 10 LOW above MA 5 LOW

Uptrend:
MA 5/10 LOW under the candle
MA 5/10 HIGH passes candles
MA 5 HIGH is above MA 10 HIGH
MA 5 LOW above MA 10 LOW

The MA above is only used to help determine trends, using MA50 on
Daily chart to help and get trend confirmation. When the market is above the price
MA50 is said to be in an uptrend. When the market is below the MA50 price
said to be in a downtrend.
MA can also act as support and resistance

Understanding Bollinger Bands
Downtrend:
The candle is under MID BB

Uptrend:
The candle is above MID BB

MID BB: MID BB: MID BB: MID BB acts as support and resistance too.
BBMA Entry Type:

1. Extreme
2. MHV
3. Re-enter
4. CS direction
5. Momentum CS

EXTREME SETUP:
Downtrend:

1. MA5 HIGH (RED) broke TOP BB.
2. Candles Stick (CS) flips and closes in TOP BB.
3. Candle Stick (CS) retest MA5 HIGH (RED) or Zone Line of Fire
   (KILLZONE) - This is an ENTRY POINT.
4. TP on MA5 LOW (MAGENTA) for security

NOTE: Extreme is the initial indication for a trend reversal.
This is a scalping technique, your TP Range is 30-50 pips
depends on TF. (Always TP because the market direction is not yet
confirmed).
If CS is closed outside of BB TOP then Extreme is VOID!
Confirm the direction when the MHV and CS Momentum occurs.
Always re-test and confirm on several TFs.
SL can be placed a few pips above the Highest Shadow / Wick.

SETUP MHV:

1. MHV applies to the end of a trend (Market Reversal) after rising or falling
   market.
2. Occurs when the market weakens and loses momentum to continue both
   up (up) or down (down).
3. In some cases MHV can be identified as a double or triple top.
4. MHV is formed after Extreme.
5. MHV applies when: Prices fail to penetrate and close outside the TOP
   BB / LOW BB
6. MHV is canceled when: Price breaks and closes outside the TOP
   BB / LOW BB
   https://steemitimages.com/DQmRCt5iQR...MFqWfKon/7.png

MHV provisions:
https://steemitimages.com/0x0/https:...XxHhKHqA/8.png
RE-ENTRY: Enter
re-formed after the price / market rise / fall and the price or
the market is now formed sideways market for Re-entry.
1

1. Uptrend - MA5 / 10 High acts as resistance. Re-enter short positions when
   The market found MA5 / 10 High. CS is below MA5 / 10 High
   https://steemitimages.com/DQmaNQtjyj...XTA76AwH/9.png
2. Downtrend - MA5 / 10 LOW acts as support. Re-enter buy position when
   https://steemitimages.com/0x0/https:...fWApM3X/10.png
   the market found MA5 / 10 Low. CS is above MA5 / 10 Low

2

1. Strong re-entry - MA5 / 10 and MID BB meet or collide.
2. Most Powerful Re-entry - MA5 / 10 MID BB and MA50 meet or collide.
3. Re-entry occurs for at least 3 candles per TF. For example H1 = 3 hours
   1D = 3 Days H4 = 12 Hours etc.

3

1. Re-entry CS Momentum - When CS Momentum is formed and CS
   reversing to MA5 or MA50 indicates the settings for Re-Entry.

4

1. Re-entry CS Direction - When the CS direction is Confirmed (CSDC) shows,
   the market must find MA5 / 10 to show Re-Entry. In
   downtrend, CSDC will find a MA5 / 10 Low indicating Buy Back.
   In CSTR Uptrend will find MA5 / 10 Height shows
   Resale Enter.

Note:

1. Always pay attention to a few TFs. For example, on TF H1 candles find resistance
   on TOP BB, but on H4 TF it shows Re-Entry at MA5 / 10 High. On
   H1 CS Direction Confirmed (CSDC) shows and finds resistance at TOP
   BB, but on H4 the candle shows Re-Entry at MA5 / 10 High.
2. Always confirm trends at MA50 on the Daily Chart.
3. If the market breaks the MA50 it shows a trend reversal.
4. If the market fails to break through the MA50 it shows a continuation of the trend.
5. MA50 acts as support and resistance.

BBMA Cycle:
Extreme Must be MHV TP Direction
Candles Re-enter the Candle Stick Momentum Re-enter
https://steemitimages.com/DQma8yKvcc...9xpM2eP/11.png

TYPES OF MHV (JENIS JENIS MHV )

great,, thank you so much Comar

First of all, thank you so much for the effort you put into writing this and you made very simple to understand. Just a question, the video someone sent to this forum some days ago about BBMA but english version, the 2hours long one, in that video the homie said that MA50 indicates uptrend if it is below MBB and downtrend when it is above MBB. Wich, unless im misinterpreting what you wrote, you say it is the opposite. So...?

he he don't confuse mate ...
Maybe it's clearer to use pictures like this

Dear Comar..,

Very grateful for your valuable comments। You have explained very simply: so I want to know one more simple thing from you. how can we trade during the news releasing time ? according to this method ?

Yeah, that's just like he said in the vid. Maybe i did indeed misinterpreted your msg afterall kkk. Get ready boys, we almost there, 3 hours left

I dont think it really makes a difference on the overall view of the pair because the indicators will just adapt and everything comes back to the original rules. But you may lose one scalp or another, but hey, nothing's perfect am i right xD.

the Setup is on close, open, high, low etc. ? Which one of the MA50 do you use? Thanks in advance

Goodday all