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BB on Steroids

  • #141
  • May 5, 2007 8:39pm May 5, 2007 8:39pm
hi

I've attached a snapshot that shows this same period on 2 charts. I put the white BBs on one chart and the blue BBs on a separate chart. you'll see it's much easier to understand it this way. you'll see the one spot where a blue and white signal are both given.

I hope this helps clarify

Pipette
Attached Image (click to enlarge)
Click to Enlarge Name: blue and white BB charts.jpg Size: 34 KB
  • #142
  • May 6, 2007 3:29am May 6, 2007 3:29am
Thanks very much for you response,correct me if I'm wrong as I think I have it now.
1. A white signal candle must hit the white BB's but close within them.
2. A blue signal candle must have the price, at some stage, within the blue BB's and close within the white BB's and outside the blue BB's without touching the white BB'S. Or the candle could close outside the white BB's as if it closed inside the white BB's it would be a white signal if it had touched the white BB's.
Finally what determines the buy or sell,e.g on pg4 the blue signal chart with the two red arrows indicating losing trades,if you sold on the 1st arrow and bought on the 2nd arrow they would be winners!
Cheers.
  • #143
  • May 6, 2007 7:02am May 6, 2007 7:02am
Quoting edge540
Thanks very much for you response,correct me if I'm wrong as I think I have it now.
1. A white signal candle must hit the white BB's but close within them.
2. A blue signal candle must have the price, at some stage, within the blue BB's and close within the white BB's and outside the blue BB's without touching the white BB'S. Or the candle could close outside the white BB's as if it closed inside the white BB's it would be a white signal if it had touched the white BB's.
Finally what determines the buy or sell,e.g on pg4 the blue signal chart with the two red arrows indicating losing trades,if you sold on the 1st arrow and bought on the 2nd arrow they would be winners!
Cheers.
Glad i cleared it up for you. Placing the BBs on separate charts really helps clarify things. You are correct on your summary. Now regarding the last part, you are also correct. if you compare Kevin's document, you'll see that's what he did. the losing blue signals became white signals short after. Now Kevin has added using the weekly and daily stochastics into the mix as filters to lessen the losers.

That reminds me, where in the world is Kevin Harvell!

Pipette
  • #144
  • May 6, 2007 3:17pm May 6, 2007 3:17pm
Once again thanks for your reply,if I could just go through the last page of the original system "An Example of BB on Steroids in Action" I'd be grateful.
1. 1st green arrow: a blue buy signal.
2. 1st red arrow: a white sell signal.
3. 2nd red arrow: a blue sell signal.
4. 2nd green arrow: a white buy signal.
5. 3rd red arrow: a blue sell signal.
6. 3rd green arrow: a white buy signal.
7. 4th green arrow: a white buy signal.
Arrows from the left of the chart to the right,also these trades would now be filtered with stochastics right?
Cheers.
P.S are you having success with the system?
  • #145
  • May 6, 2007 9:07pm May 6, 2007 9:07pm
Quoting edge540
Once again thanks for your reply,if I could just go through the last page of the original system "An Example of BB on Steroids in Action" I'd be grateful.
1. 1st green arrow: a blue buy signal.
2. 1st red arrow: a white sell signal.
3. 2nd red arrow: a blue sell signal.
4. 2nd green arrow: a white buy signal.
5. 3rd red arrow: a blue sell signal.
6. 3rd green arrow: a white buy signal.
7. 4th green arrow: a white buy signal.
Arrows from the left of the chart to the right,also these trades would now be filtered with stochastics right?
Cheers.
P.S are you having success with the system?

you got it! i've just been demoing it off and on and have missed some great entries. i think using the weekly stochastics is going to help. what i've found so far is that i'm rushing to get in when the weekly is at the extreme and touching, not giving a clear signal that it's reversed. it's going to take a while before i can say whether i'll have success or not with this method. until then, i'll continue to demo and take snapshots of my trades
  • #146
  • May 6, 2007 10:56pm May 6, 2007 10:56pm
I would suggest to publish signals at the entrance on this thread. How do you see this? This will help beginners (like me) to better understand the system.
Well, I begin:
Today I see emerging White signal on GBP/JPY. If strong upward movement is not going to change the candle, it can be sold.
For other couples (USD/JPY and GBP/USD) signals yet.
Is that correct?



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Sorry for my English.
  • #147
  • May 6, 2007 11:13pm May 6, 2007 11:13pm
Quoting Lbv_Lbvsx(rus)
Today I see emerging White signal on GBP/JPY. If strong upward movement is not going to change the candle, it can be sold.
For other couples (USD/JPY and GBP/USD) signals yet.
Is that correct?
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Sorry for my English.
well, today i don't see any white or blue signal today. but on 4H MACD i see sell signal for Gbp/jpy & Euro/Jpy ..

My trade :
Short --> G/J 239.52
Short --> E/J 163.22

i wish i get points today
  • #148
  • May 7, 2007 6:00pm May 7, 2007 6:00pm
there was only one signal today on the yen. the wick didn't touch the white BB but came very close. the weekly stoch hasn't crossed down but appears to have a bounce. It is overbought.

i'm still in the gbp/jpy, gbp/chf, eur/jpy and eur/chf, all sells. currently none are positive. I think the issue with these is i get in too soon based on the weekly stoch. I think i need to give the stoch time to truly pick a direction. time will tell

Pipette
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  • #149
  • May 8, 2007 1:39am May 8, 2007 1:39am
I saw white signal yesterday. GBP/JPY. : candle penetrated a white line down and closed inside the channel. It is a signal to sell.
And I sold at a price of 239.36. Have I done?




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Sorry for my English
  • #150
  • May 8, 2007 8:16am May 8, 2007 8:16am
Quoting Lbv_Lbvsx(rus)
I saw white signal yesterday. GBP/JPY. : candle penetrated a white line down and closed inside the channel. It is a signal to sell.
And I sold at a price of 239.36. Have I done?




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Sorry for my English
looks good to me, i got in a couple of days earlier and a worse price so good going.

Pipette
  • #151
  • May 8, 2007 9:46am May 8, 2007 9:46am
Quoting pipette4x
looks good to me, i got in a couple of days earlier and a worse price so good going.

Pipette
Exactly! White signals a 03.05.07, but at the time I was not yet familiar with the method.


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Sorry for my English
  • #152
  • May 10, 2007 9:35am May 10, 2007 9:35am
Please tell me what other currency can I use?
  • #153
  • May 10, 2007 4:11pm May 10, 2007 4:11pm
Quoting Lbv_Lbvsx(rus)
Please tell me what other currency can I use?
you can use whatever one meets the entry criteria. i go through all the pairs that FXDD offers except the mexican peso. Will i trade all of these live? we'll see. But for now i'm using all of them for practice

Pipette
  • #154
  • May 10, 2007 10:15pm May 10, 2007 10:15pm
Quoting pipette4x
you can use whatever one meets the entry criteria. i go through all the pairs that FXDD offers except the mexican peso. Will i trade all of these live? we'll see. But for now i'm using all of them for practice

Pipette
OK, thank you.
What other signals at the entrance you can advise?
  • #155
  • May 11, 2007 6:16am May 11, 2007 6:16am
It's a interesting system to use,I'll try it.
  • #156
  • May 11, 2007 6:35am May 11, 2007 6:35am
Quoting Lbv_Lbvsx(rus)
OK, thank you.
What other signals at the entrance you can advise?
The signals i use are the Blue and White signals with the weekly stochastics in agreement. I sometimes get in a little early and get stopped out but i'm still early in the experimentation stage.

Pipette
  • #157
  • May 11, 2007 7:00am May 11, 2007 7:00am
This method is very similar to one of the methods in the High Probability Trading Setups ebook from Kathy Lien & Boris Schlossberg. In theirs, they use 3 sets of 20SMA BBs each with different standard deviation: 1, 2 and 3 together with RSI on the hourly chart.

Then entry signal is when a candle moves from 3SD-2SD zone to 2SD-1SD zone and closes there.
  • #158
  • May 11, 2007 7:20am May 11, 2007 7:20am
Quoting posterx
This method is very similar to one of the methods in the High Probability Trading Setups ebook from Kathy Lien & Boris Schlossberg. In theirs, they use 3 sets of 20SMA BBs each with different standard deviation: 1, 2 and 3 together with RSI on the hourly chart.

Then entry signal is when a candle moves from 3SD-2SD zone to 2SD-1SD zone and closes there.
I've heard of this book. is it one you'd recommend? i have many trading ebooks so maybe we could share. pm me if you're interested

Pipette
  • #159
  • May 13, 2007 7:10pm May 13, 2007 7:10pm
I'm currently demoing this system and I have to say it's not very promising.
Seven trades so far,stopped out of two, others still running most with losses.
1.EUR/JPY 7/5 16:58 Blue Buy @163.35 SL 162.23 -112 pips.
2.GBP/JPY 10/05 17:51 Blue Sell @236.94 SL 238.38 -144 pips.
Open Trades.
1.USD/JPY 7/5 17:02 Blue Buy @120.11 SL 119.26.
2.USD/CAD 9/5 01:14 White Buy @1.1070 (late entry) SL 1.0947.
3.EUR/USD 9/5 16:51 Blue Sell @1.3527 SL 1.3689.
4.CHF/JPY 10/5 17:46 Blue Sell @98.21 SL 99.51.
5.GBP/USD 10/5 17:46 Blue Sell @1.9785 SL 1.9951.
I've used ATR(5) to set the initial stop i.e previous days high or low + or - the ATR figure!
  • #160
  • May 14, 2007 3:51am May 14, 2007 3:51am
edge540,
What time period do you use?
And how you use the ATR?





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Sorry for my English.
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