Hello friends, welcome back to Guru Forex Channel someone ask me if we use DEMARKER, and it is not time yet to entry.
what we have to do? what we have to do is waiting till it enter the entry area but.
if you can't wait to trade you can trade using this BBMA strategy because of that.
this time I will show you how to trade using BBMA BBMA is a technique that combining Bollinger band and moving averages.
the MA's setting same with that we used in Demarker video.
you can put 3 MA.
) YELLOW MA (PERIOD 7, EXPONENTIAL.
APLLY TO CLOSE) 2.
) WHITE MA (PERIOD 12, EXPONENTIAL, APPLY TO CLOSE) 3.
) RED MA (PERIOD 24, METHOD : SIMPLE, APPLY TO CLOSE) and then we need to add Bollinger Bands use the default settings so, the Bollinger band composed by three lines upper band, middle band, and lower band upper band's function is only as resistance resistance is a barrier that against bullish movement if the candlestick moving up and meet with upper band, the bullish movement will restrained the candlestick will turn arround as you can see there, turned to red candlestick and then middle band's function are as a support and also resistance if we see here candlestick moving down, and then turn arroud in this case the middle band's function as a support (against bearish movement) that's why the candlestick bouncing up but.
support function can turn to resistance if the price breakouts the middle band just like in this area the candlestick moving down and breakouts the middle band it was turned as a resistance and then the third band lower band, it function is only as a support (against bearish movement) here is how to order using BBMA we can place pending orders at the MAs (RED, WHITE, YELLOW) here is the example we will place BUY LIMIT at yellow MA 140.
601 enter and then at WHITE MA my habit : martingale averaging (placing higher lot at the next limits) the first entry 0, 03 we can place 0, 05 right here 140, 504 buy limit and then special for RED MA we need to check middle band's position if the middle band above RED MA we place pending order at the band, not at MA also for the opposite we will add right here 140, 360 done and then lets place SL and TP the Stop Loss bellow the RED MA pay attention for nearest support/resistance arround there RED MA was here and then, there is support/resistance here here move it down for a little bit arround this area 140, 109 (I check it back because not foccused wkwk) that was TP region, LOL Sorry SL region on the left side we paste it to all order SL has been placed next, maximum place for TP : at upper band move it down for a little bit 140, 750 we have done the maximum TP at upper band we also can use the Bollinger bands to identify the trend the trend still continuous if there is a candlestick that closed outside the bands this candle for axample moving up and closed outside the bands that means the bullish movement are still strong here is the effect this also moving down closed outside the bands it still moving down after it that's all guys.
we will see the result later.
we wait the price to moving down and triggers out limits it will moving down or continue moving up without touching our entry I will record it again when it was triggered see you later.
hello I am back.
and let see the result (sorry guys.
I am trying to be funny.
WTF its cringe a lot) it was hit TP guys.
if we see here.
it was moving down and touches my 0, 03 and 0, 05 buy limit sadly, that 0, 10 not triggered it seems like still be able to move higher but better we take the safest way remember, the maximum TP is at upper band and it was hit the TP to trade using BBMA just simple as that guys! and then, what you need to remember to trade with BBMA is the first thing we need to check is the RED and WHITE MA guys you can enter if.
RED and WHITE MA has a distance from each other and avoid it if RED and WHITE MA attached because if WHITE come near to RED potential for WHITE to crossing the RED and the trend change it direction I forget to say this at first.