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BBMA Trading

  • #21
  • Edited 6:38am Dec 9, 2021 5:20am | Edited 6:38am
long UCad..
EDit: price came down and took my b/e stops
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #22
  • Dec 9, 2021 6:41am Dec 9, 2021 6:41am
all entries are protected , stress free
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the cautious seldom err....C
  • #23
  • Dec 9, 2021 6:47am Dec 9, 2021 6:47am
Quoting pips29
short entries on cadyen {image}
entries protected and pending sell removed, stress free
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the cautious seldom err....C
  • #24
  • Dec 10, 2021 4:58am Dec 10, 2021 4:58am
scalping this monster on M15
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the cautious seldom err....C
  • #25
  • Dec 10, 2021 9:03am Dec 10, 2021 9:03am
Quoting pips29
scalping this monster on M15 {image}
crazy pa on this pair and I'm glad to get out with +ve pips
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the cautious seldom err....C
  • #26
  • Dec 10, 2021 9:06am Dec 10, 2021 9:06am
I took this using the daily but showing on M15 for clarity, also crazy moves
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the cautious seldom err....C
  • #27
  • Dec 13, 2021 4:00am Dec 13, 2021 4:00am
long taken
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.rDaily.png Size: 58 KB
the cautious seldom err....C
  • #28
  • Dec 13, 2021 4:04am Dec 13, 2021 4:04am
It's looking like a day to short the aussie and kiwi pairs,,just looking for the right pair now
the cautious seldom err....C
  • #29
  • Dec 13, 2021 4:46am Dec 13, 2021 4:46am
I took some entries last Friday and trades looking good. Entries were made after a csm (candlestick momentum) candle was printed, It was then just waiting for retracement for an entry..bbma is all about retracement entry and not breakout entry
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #30
  • Dec 13, 2021 4:53am Dec 13, 2021 4:53am
very similar with how I took this trade too...both trades were taken when the aussie was strong..it is weak today and so I probably will profit from this
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the cautious seldom err....C
  • #31
  • Dec 13, 2021 5:00am Dec 13, 2021 5:00am
I could have gone long EA last night but because both my AY and AChf trades were not +ve then I decided not to enter as I just did not feel comfortable putting myself with too much exposure with the aussie and having to go to sleep and not monitoring the trades ,just saying there was atrade long on EA
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the cautious seldom err....C
  • #32
  • Dec 13, 2021 5:07am Dec 13, 2021 5:07am
there's an entry short on the dragon but I will let it pass, Monday is a tricky day
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Click to Enlarge Name: GBPJPYDaily.png Size: 72 KB
the cautious seldom err....C
  • #33
  • Dec 13, 2021 5:14am Dec 13, 2021 5:14am
From the chart you can see there were no more csm candles which really mean the down trend has lost momentum. I will be wary when I see such a situation..this is how I see pa with bbma
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 68 KB
the cautious seldom err....C
  • #34
  • Dec 13, 2021 5:26am Dec 13, 2021 5:26am
Quoting pips29
From the chart you can see there were no more csm candles which really mean the down trend has lost momentum. I will be wary when I see such a situation..this is how I see pa with bbma {image}
What do you do when there's a situation like that? Referring to the BBMA cycle, there's no extreme then MHV to end the trend, or is that it a couple of days before the CSM?

Watching with interest, but I'm still trying to work a couple of things out.
  • #35
  • Dec 13, 2021 5:32am Dec 13, 2021 5:32am
Quoting B.C
{quote} What do you do when there's a situation like that? Referring to the BBMA cycle, there's no extreme then MHV to end the trend, or is that it a couple of days before the CSM? Watching with interest, but I'm still trying to work a couple of things out.
It's best to wait and see if we get a csm or a csd..if you really want to trade then go on M15 to scalp with a more accurate entry and smaller stop..the charts I show are daily and be prepared for a bigger stop. do you know what I mean by a csd?
the cautious seldom err....C
  • #36
  • Dec 13, 2021 5:34am Dec 13, 2021 5:34am
here's an example of a csd
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the cautious seldom err....C
  • #37
  • Dec 13, 2021 5:41am Dec 13, 2021 5:41am
a simple rule of mine is look at where price is in relation to the 50ema(aqua), above then look for long and vice versa, you must also check M30,H1 and H4 and if all these tfs are in sync then the chance of getting it right is way higher than if they don't
Attached Image (click to enlarge)
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the cautious seldom err....C
  • #38
  • Dec 13, 2021 5:49am Dec 13, 2021 5:49am
Do not get too bogged down with phase 1,2 and 3 cause sometimes you don't get that. ,just make sure you know what to do with phase 4,5,6 and 7 and you will be alright
the cautious seldom err....C
  • #39
  • Dec 13, 2021 5:57am Dec 13, 2021 5:57am
Quoting pips29
{quote} It's best to wait and see if we get a csm or a csd..if you really want to trade then go on M15 to scalp with a more accurate entry and smaller stop..the charts I show are daily and be prepared for a bigger stop. do you know what I mean by a csd?
Thank you. The information I've been able to find for BBMA isn't very clear on stops and targets apart from the mandatory TP after an extreme. I'm leaning to just setting a fixed target ratio with the stop behind the retrace or whatever got me in the trade. 2:1 or something. If you have some light to shed it's welcome!

I'm more interested in trading 1hr and up than scalping, just trying to work out some consistency now, and after I get that it's just a matter of scale really.
  • #40
  • Dec 13, 2021 6:28am Dec 13, 2021 6:28am
Quoting B.C
{quote} Thank you. The information I've been able to find for BBMA isn't very clear on stops and targets apart from the mandatory TP after an extreme. I'm leaning to just setting a fixed target ratio with the stop behind the retrace or whatever got me in the trade. 2:1 or something. If you have some light to shed it's welcome! I'm more interested in trading 1hr and up than scalping, just trying to work out some consistency now, and after I get that it's just a matter of scale really.
ok ,let say you have entered long now and by the end of the day if price doesn't close above the 10 ema (red dash line)then you don't have confirmation the move up will continue. you can get out and look for a better entry long but if price closes below the 5ema(yellow) it means the continuation down will probably continue, we will wait for a retrace to short if this was the case..bbma provides you with many entries with trend continuation and that's where you make big bucks and if wrong you get out instantly . You would be thrilled to know when you are right you get to do multiple entries at different levels
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 67 KB
the cautious seldom err....C
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