RBBM - Road to Success

Hello, this Monday I don't see a clear range in any currency, if anyone sees something valid, let me know, thank you very much

we don't trade monday's

First of all thank you so much for this eye opener thread I swear I had an epiphany last weekend I couldn't eat for almost 2 days (intermittent fasting) just going over the charts Backtesting over and over the whole weekend my conclusion is I think you dropped this king .

Since I'm an active trader I can accurately enter the market correctly 60% of the times overall of a 100 trades and I have the psychological skill to hold my winning positions for a long period of time. With all that been said I always end up giving back all the profits and more the reason is I have 3 key problems and I know them very well, first of all I cut my losses way too early that turn to profit 50% of the time, ending up going in the same direction after taking that loss, I martingale my risk after each loss by 1.2X since I don't know what is my target so I want to cover it as soon as possible it goes in my favor and the last one which is literally my profit killer more often than I wish once my original trade goes in my favor I try to trade reversals and corrections ending up with zero profits on both trades I tried to find psychological solution to this but it's not easy when you don't know how the market is going to behave and I've failed over and over.

With your RBBM cheat sheet it showed me that based on my trading style I better get entries on Tuesdays only because I can find early entries with minimal losses and since I know using your RBBM Tuesdays have minimal reversals but one clear direction more often over long period of times so therefore it would be stupid of me to trade reversals all I need fight for my entries on Tuesdays hold them till Wednesday watch for those sneaky bounce before they happen get my partial profits 70% of the position size hold 30% of the positions for that juicy push on Friday in case it happens if it doesn't SL at BE.

I hope you don't take my post as deviation from your original post but I honestly think that's what suits as who I'm and how I trade.


Here's my entries on my live account for today and my losses to find them.



I'll update you guys on Wednesday watching for that bounce.

tuesday....

Looking phase 1.5 waiting London open

RBBM - Variation - Plan B - Delayed Phases

Variation Plan B is essentially when on any given day the Market moves inside a Range instead of stretching out as we normally want it to happen.
So lets say on Tuesday instead of a stretch we get a Range.

Now Phase 1.5 is delayed for 1 Day and comes during Wednesday the next day.

Now Lets say on Wednesday its ranging and we dont get the stretch + bounce, the stretch and bounce then happens instead on Thursday

Come the following Monday, are we looking to start again with Plan A or is Plan B's PA pushing fridays NY bounce into Monday?

Psychological update: before I would've traded those reversal that is happening left and right but with RBBM in my arsenal right now I'm just managing my entries according to current condition of the market, Thank you UST

Stretch Setup

Nice kuya

Good lot size there

May it start of new phase ..

Took partial profits of all trades secured SL to Be and I will manage losing trades before New York open




I'm done for the week waiting for that Friday juicy push

TP

Wild morning huge volatility spreads widing be careful this asian session.

As per UST RBBM Plan B "delayed phase" USD pairs is expected to go into phase 1.5 today

All USD pairs siting on huge risk rewards of it goes in my favor this could be RBBM plan B phase 1.5

Of course if I'm wrong I'll go the opposite side I'll update you guys through this post








Gold is stretching to 2401-2412 watch for the bounce there as per RBBM layout on Wednesday's


Added more positions on USD



good luck everyone and thank you UST

Still learning.

Will wait for entries for these pairs.

All these positions a mix of RBBM plan A phase 3 (bounce) and plan B phase 1.5 (delayed phase) results thank you UST

Nice setups! I'm looking at similar pairs too, GBPCAD is one.

Wednesday Model: Bounce Setup