hi guys, here I want to share with you a simple setup from the BBMA system, I'm working on it for about 4 years and recently had some success with this simple setup. it is as easy as you think and there is no hidden setup needed to start trading with this you can almost use this strategy in every sector whether it is crypto or stock or forex trading.
let's start by explaining 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
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Bollinger Bands 20, Deviation 2
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EMA50 - SMA200
SMA200
the only important point here is time frames must be in order, for example, D1>H4>H1 // H4>H1>M15 // MN1>W1>D1 //, 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.
this is how io looks in the chart
https://images.app.[Suspicious link removed]/DsB6yaFCpw2Q5BiS7 Entry Conditions:for a sell position,
at time frame #1, the 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 the trend
at time frame #2, the 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 to make it more confident, like simple trendline, simple S&R lines, or Pivots, even I remember one of my friends using Harmonic patterns as a trigger of Reentry setup.
for buy position, everything would be wise versa.
wait for the next article