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BBMA Trading

  • Post #221
  • Quote
  • Edited Jan 18, 2022 3:31am Jan 17, 2022 7:24pm | Edited Jan 18, 2022 3:31am
Quoting pips29
would you be comfortable taking a short in the white area {image}
I would, particularly with what I can see on the weekly, but I'd be moving the stop to BE pretty quickly because the weekly hasn't yet given direction.

Well, I'm in. TP is optimistic, but I'll see how it looks tomorrow.
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Quoting B.C
{quote} I would, particularly with what I can see on the weekly, but I'd be moving the stop to BE pretty quickly because the weekly hasn't yet given direction. Well, I'm in. TP is optimistic, but I'll see how it looks tomorrow. {image} {image}
I'm in too
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the cautious seldom err....C
Quoting pips29
{quote} I'm in too {image}
The other one I was watching was EURJPY, but didn't take it because I don't like to trade correlated pairs like this. Could have been a cracking trade, but if wishes were fishes...
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scalping with M5 , initial entry is still intact
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the cautious seldom err....C
Quoting pips29
scalping with M5 , initial entry is still intact {image}
initial entry cash out
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the cautious seldom err....C
I've been sitting on my USDJPY trade for a couple of days. Had my TP near the daily chart lower BB.
Little bit annoyed I got stopped out on EURNZD yesterday though, it went half a pip beyond where I had my stop then was down the rest of the day.
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Quoting B.C
I've been sitting on my USDJPY trade for a couple of days. Had my TP near the daily chart lower BB. Little bit annoyed I got stopped out on EURNZD yesterday though, it went half a pip beyond where I had my stop then was down the rest of the day. {image}
I was waiting for a csm candle ,i.e below low bb as a target but lost my patience
the cautious seldom err....C
  • Post #228
  • Quote
  • Edited at 9:39pm Jan 20, 2022 9:15pm | Edited at 9:39pm
Quoting pips29
{quote} I was waiting for a csm candle ,i.e below low bb as a target but lost my patience
Patience is a bugger isn't it?

Thought I'd have a bash at the ASX200 today, and got a nice little entry. Only issue is I stuffed up the lot size and it's only 10% of what I was going to risk. Might pay for a cup of coffee, unless I let it go to the top of the range it's been in for the last couple of months. Oops.

And it was stopped out at break even anyway. On to the next one then.
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Quoting B.C
{quote} Patience is a bugger isn't it? Thought I'd have a bash at the ASX200 today, and got a nice little entry. Only issue is I stuffed up the lot size and it's only 10% of what I was going to risk. Might pay for a cup of coffee, unless I let it go to the top of the range it's been in for the last couple of months. Oops. And it was stopped out at break even anyway. On to the next one then. {image}
yes, patience is always a troublesome trait that I find difficult.I am now concentrating more on small tf to trade the market as I am not in employment and have loads of free time to spend in front of the computer...if I had patience the result would have been better with this trade taken before I went to bed
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the cautious seldom err....C
Quoting pips29
{quote} I was waiting for a csm candle ,i.e below low bb as a target but lost my patience
the creator of bbma did emphasise that when you enter(phase5) after a csd the next phase is csm, if you don't get a csm then it's time to check out as price will then reverse up to do a csd in the other direction and so a long is the reentry
the cautious seldom err....C
here's an example
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the cautious seldom err....C
Quoting pips29
{quote} the creator of bbma did emphasise that when you enter(phase5) after a csd the next phase is csm, if you don't get a csm then it's time to check out as price will then reverse up to do a csd in the other direction and so a long is the reentry
Good to know, I didn't pick that up from any of the videos I watched.

I'm in the same boat re: employment. The mandates here in Aus got right up my nose so I refused to comply, my employer didn't want to give me the boot but I'm out of leave now.

Also gone short on EURAUD. Took a bit of heat and it came close to hitting my stop. Thought giving it 25ish pips beyond the 140% ADR would be heaps, but not quite...
here's one where a csm is printed
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the cautious seldom err....C
let's see if we get a csm today
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the cautious seldom err....C
from the point of reentry till now is 40 pips
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the cautious seldom err....C
Quoting pips29
from the point of reentry till now is 40 pips {image}

I would've liked to get in on GBPAUD, but I was away from the computer. It even had a RRE if you're using the codes, and there was a reentry on the hourly chart around London open. Missed that one too.
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I could have entered here if I was looking using this method of mine which I will be using and posting in the other thread..can't chat as I need to make some pips
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the cautious seldom err....C
seems like im the one who get the entry for GA...
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Do it like a Fool
scalping using H4 TF with lower TF entry
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Do it like a Fool
M15 scalp
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the cautious seldom err....C
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