Daily Trading Ideas

You seemed to be trading the BBMA system. Will you be able to help me understand the difference between the following types extremes? I'm having a hard time understanding the differences between the 4 types of extremes in BBMA method. I know that MA5 must be outside BB but in some videos I watched it says that when there is a CSM, that invalidates the extreme. This is a bit confusing to me because in the below picture there are CSMs in all extreme types except the last one. Can you please help me?

how far can this slime go?

my Gu still flying mode..

scalping like a mad man...

this is probably my last trade.

really sweet dream for today..
bedtime

any questiom will be answer tomorrow

well, i don't quite follow BBMA rules.
i'm aware of it but i trade mainly using volume mixed with Akim setup and some candle pattern, R/S, a lot of other things that wouldn't fit in a single book.
so, take my understanding of those 4 extreme as my understanding ONLY!
Note: i will not talk in BBMA code in order to keep it simple. This is considered as Basic BBMA.
Number 1 : Extreme Sideways BB.
The name says it all. Let's go step by step. It is consider extreme, everytime price crosses lower or higher BB, either closing outside or only piercing and close back in. When that happens, when price print outside BB, you have to analyse if price is ranging or trending. When price is ranging, BB are flat, almost horizontal or with minor inclination, both pointing same direction. It's considered an extreme and BB are "sideways". This is tradable buy going opposite direction of the pierced BB. Commom TP is at MidBB, stretch TP is the opposite BB.
Number 2 : Extreme Momentum BB.
In this case, price crosses BB, andcloses outside BB, and Bollinger Bands moderately expanding, not much, pointing quite same direction, almost parallel but with inclination, Ma's are parallel to crossed BB. This is not a entry point. This is not a signal. This is a sign. This sign that trend might reverse, you just don't know yet when or where, on the other hand this is a momentum, CSM, candlestick momentum, the higher probability is that price will going in the same direction, at least until a reversal candle is drawn.
Number 3 : Extreme with Momentum.
In this case, almost similar to previous (number 2). Price breaks/pierce and close outside BB, most of times, way far BB, BB are expanding, pointing opposite directions, usually those are made with wide spread bars (big body). Also here this is not a entry point or a signal, mainly a sign. Most cases, when momentum is very high, the reversal candle is not able to close back inside BB, which indicates that there's no "power" to reverse.
After a Extreme with momentum, always comes a re-entry. This is how BBMA says.
Number 4 :Extreme Without Momentum.
Here also, the name says it all. Price keeps piercing BB, but is not able to close outside BB, however it keeps going in the same direction. BB are also expanding, pointing opposite direction. Ma's are parallel to BB.

Hope that helped.

Stay Cool.

time to close the day.
Gold 424 pips range. Bitted for the second time!
2 days way from gold... i but those were quite good, today i even traded pairs that i've never looked at.
maybe this were my lucky days ever!
See you all tomorrow, or in a couple of ours.
Stay Cool.

WOW! Great explanation. Thank you so much! So every time an MHV is formed after one of the given 4 extreme types, we can open a trade?

Since your are looking for BBMA, i've posted this before.

shorted GU.
not scalping.... TP at Yellow.

Today I count my losses as gains, because every time I placed a trade, immediately it went on the other option. I am trying to see it as I know when breakouts will happen but I don’t know what direction.
i was so frustrated.02 lots losses happen fast
i wanted to quit today
loss after loss
i have no understanding it seemed.

Take heart my friend I have definitely been there one word PATIENCE this is key to everything . Don't enter a trade tomorrow except write it down why you are entering this trade do your research for it remember market open all day do your analysis. Take care … ps..tomorrow is Friday is crazy day everything can turn upside down.

GD all..
️

early morning nothing to do..
normal out for some joging but current situatiom better not to..
continue my movie marathon
7 to go..

If GU can drop test 197X to reload long again will be nice

My tp hit 2130 ytd and now over break this 4H previous high, next 2270/2360/2420 , but no entry now.

GU like clean all buy and shoot up
small clean or big clean so hard to know like Wednesday drop to 163X from 197X
i hope it can happen again cause can get better price to long

I dont know what movies to watch, any suggestions? kkkk

ha ha..
i watch all of them
as long it an action movie
6 to go..

you not add as well..
why?
you will scare when the drop happen fast..
same yesterday..
more traders try to play at short side than long..
because thinking price will reverse same before till 16xx..
in the end..
more seller get slaughtered by bulls..