BBMA Reentry Setup
hi guys, here i want to share with you a simple setup from the BBMA system, called: "Reentry". the founder of this system is Mr. Oma ally, im working on it about 4 years and recently have some success with this simple setup. now just want to have a place for sharing analysis and discussion about ideas for the users of this system. my goal is to make a big community from the fans of this method and a reference for sharing daily analysis.
lets start by explaining about the tools:
WMA 5 (Weighted Moving Averages) apply to high
WMA 5 apply to low
WMA 10 apply to high
WMA 10 apply to low
----------
Bollinger Bands 20, Deviation 2
----------
EMA50 - SMA200
this is how it looks:
Actually on this system we are using "overlapping or clustering" of MAs and Bband in multiple time frames. and then assume it as a strong reversal area and S&R level. i use 3 time frame in order, assume the highest time frame as #1, middle time frame as #2 and lowest time frame as #3
the only important point here is time frames must be in order, for example D1>H4>H1 // H4>H1>M15 // MN1>W1>D1 // and etc. (just ignore the M30). you can do it on all time frames, based on you want to be a scalper or a swing trader.
Entry Conditions:
for a sell position,
at time frame #1, price must touch the WMA5 high/or MidBB from the bottom (MidBB i mean middle bollinger band that is SMA20) - it help us to trade only in the direction of trend
at time frame #2, price must touch the upper band or must be above the upper band (Above the TopBB, or touch the Flat TopBB) without a momentum candle
at time frame #3, again price must touch the upper band or must be above the upper band (Above the TopBB, or touch the Flat TopBB) without a momentum candle
and yes you can use any other S&R tools for make it more confident, like simple trendline, simple S&R lines, or Pivots,even i remember one of my friends use Harmonic patterns as a trigger of Reentry setup.
for buy position everything would be wise versa.
Exit Conditions:
SL > on our sell scenario, place it above the WMA/ or MidBB in time frame #1 (this is our main resistance and reason for entry)
BE > Break Even your position on touch of the opposite band in time frame #3
First TP > Opposite WMA5 in the time frame #1 (in a sell scenario or entry in WMA5_high and our first TP is opposite WMA5 which is WMA5_low)
Final TP > Fib 1.272 of the last recent pullback
lets see an example, here i have a support from WMA5 apply to low in D1, in H4 price is below Low BB, in H1 also price is below Low BB, so you open a buy.later instead of telling"price below LowBB", we say: "price is extreme buy"
TP is 1.272 of this last pullback to WMA, but it can br your first TP and then let the stop Trail price:
hi guys, here i want to share with you a simple setup from the BBMA system, called: "Reentry". the founder of this system is Mr. Oma ally, im working on it about 4 years and recently have some success with this simple setup. now just want to have a place for sharing analysis and discussion about ideas for the users of this system. my goal is to make a big community from the fans of this method and a reference for sharing daily analysis.
lets start by explaining about the tools:
WMA 5 (Weighted Moving Averages) apply to high
WMA 5 apply to low
WMA 10 apply to high
WMA 10 apply to low
----------
Bollinger Bands 20, Deviation 2
----------
EMA50 - SMA200
this is how it looks:
Actually on this system we are using "overlapping or clustering" of MAs and Bband in multiple time frames. and then assume it as a strong reversal area and S&R level. i use 3 time frame in order, assume the highest time frame as #1, middle time frame as #2 and lowest time frame as #3
the only important point here is time frames must be in order, for example D1>H4>H1 // H4>H1>M15 // MN1>W1>D1 // and etc. (just ignore the M30). you can do it on all time frames, based on you want to be a scalper or a swing trader.
Entry Conditions:
for a sell position,
at time frame #1, price must touch the WMA5 high/or MidBB from the bottom (MidBB i mean middle bollinger band that is SMA20) - it help us to trade only in the direction of trend
at time frame #2, price must touch the upper band or must be above the upper band (Above the TopBB, or touch the Flat TopBB) without a momentum candle
at time frame #3, again price must touch the upper band or must be above the upper band (Above the TopBB, or touch the Flat TopBB) without a momentum candle
and yes you can use any other S&R tools for make it more confident, like simple trendline, simple S&R lines, or Pivots,even i remember one of my friends use Harmonic patterns as a trigger of Reentry setup.
for buy position everything would be wise versa.
Exit Conditions:
SL > on our sell scenario, place it above the WMA/ or MidBB in time frame #1 (this is our main resistance and reason for entry)
BE > Break Even your position on touch of the opposite band in time frame #3
First TP > Opposite WMA5 in the time frame #1 (in a sell scenario or entry in WMA5_high and our first TP is opposite WMA5 which is WMA5_low)
Final TP > Fib 1.272 of the last recent pullback
lets see an example, here i have a support from WMA5 apply to low in D1, in H4 price is below Low BB, in H1 also price is below Low BB, so you open a buy.later instead of telling"price below LowBB", we say: "price is extreme buy"
TP is 1.272 of this last pullback to WMA, but it can br your first TP and then let the stop Trail price:
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