The finest in trend trading

[beehjae]

I would ask people to determine entry points using strict BB DNA rules on this TF alone. It raises yet again the issue some people have with BB DNA, which is that it does not get you into trends.

Thanks for a white colored chart hachiko, that chart you have, doesn’t have much entries as we’d like :eek:

I misunderstood the question… There is a valid cbl, but entry per tymen’s rules are a bit tricky… CBL would be on the 6am candle for the short. If you refuse to use a lower chart than m30 for entry, you will be looking at the end of the bottom of the 7:30 am candle. However that candle is bottomed out on the lower BB. I will have to let further comment to those with more knowledge.
BTW, I"m using a 3 candle CBL…

Odd as it looks, that my feeds have some touches on the BB, while Hachiko’s, does not have any.

I appreciate the help from you guys. I feel so blessed. :o

[IronHeart]

@beehjae

A test of my understanding… I am compelled to post this chart as I think I followed the rules…

Rules I followed:
2 candle CBL
Waited for opposite BB to turn in (indicated with the blue vertical line)
Waited for a close above the CBL line (Indicated by my red zigzags)
Entered at the open of the next candle.
M30 chart
Target at midBB for TP1
SL at low of CBL (light blue line)
CBLs only adjusted for lower lows and lower highs.

Some possible reasons why this trade failed:
hmmm… it’s a counter trend trade?
Did I draw my CBL wrong?
It’s a sausage?
Do I need to make my chart larger?

Let me know your thoughts.

Just going back to this entry here Beehjae.

I have provided a chart of how I understand the 2CBL strategy.

We take the most extreme candle with the lowest CBL and go one candle to it’s left (as long as the candle on the left has a higher high) - we draw the CBL on the high of that candle on the left, like I have done on the chart shown.

I have marked the extreme candle with E.

There are no closes above this CBL line and this would have stopped you from entering this trade.

As always, I’ll be more than happy to be corrected on this one.

EDIT Please ignore my second green CBL at the low of the chart, that is a 1 candle CBL that I drew yesterday while trading.

[beehjae]

Just going back to this entry here Beehjae.

I have provided a chart of how I understand the 2CBL strategy.

We take the most extreme candle with the lowest CBL and go one candle to it’s left (as long as the candle on the left has a higher high) - we draw the CBL on the high of that candle on the left, like I have done on the chart shown.

I have marked the extreme candle with E.

There are no closes above this CBL line and this would have stopped you from entering this trade.
[/IMG]

As always, I’ll be more than happy to be corrected on this one.

EDIT Please ignore my second green CBL at the low of the chart, that is a 1 candle CBL that I drew yesterday while trading.

thanks IH for the clarification. Much appreciated the chat. Will occasionally bug you now. lol

[RenaLa]

PLEASE i have downloaded, extracted and instaled the MMACD zip file but it is not working properly on my MT4. need some help. please.

it does work. when the signal line crosses zero level then your entry to buy or sale. You keep in your mind that its not the best entry

[Merchantprince]

I’ve already posted this in Graviton’s thread but also wish to add it here: if you haven’t registered with the chat room you’re missing out on some good learning and experience, along with the camaraderie of fellow forex traders - many of whom are now enjoying real success with BB DNA.

The BB DNA room is here. Visit now and register at: Bollinger Band DNA - FOREX Trading using the Tymen Bollinger Band Strategy

Which brings me next to:

I have set up a brand new tool for BB DNA learning and sharing, a Vyew whiteboard for BB DNA here: Bollinger Band DNA Vyew

Feel free to bookmark this link and visit it whenever you’d like to make a fast screenshot to share with others. You can even keep chat open in one window (or tab) with the whiteboard in another for quick reference.

All parties sharing screenshots and uploaded images can annotate these pages together, dynamically sharing content on a remote electronic “whiteboard” any time day or night. Voice chat and Live Desktop Sharing is now also available there.

For a brief overview of some of what you can do, here’s a link for a streaming video I made illustrating some of the whiteboard’s features: BB DNA Whiteboard and Video Conference preview

So now we have something quite versatile to enjoy: Live sharing of trades, sophisticated chart presentations that are fast and easy to do, and the ability to share voice communication without having to worry about who does (or does not) have certain software installed.

Enjoy!

• John (Merchantprince)

[hachiko]

Speaking of tricky entries, this is the post I was referring to when regard to beehjae’s comments about the difficulties he is facing with bubbles, sausages and no-trade areas.

I would ask people to determine entry points using strict BB DNA rules on this TF alone. It raises yet again the issue some people have with BB DNA, which is that it does not get you into trends.

After spending more time in the chat room and reading Gravitons thread, I found he provided an excellent explanation of how to avoid this issue by dropping down in time-frames until suitable entry points begin to emerge and then stepping back as you continue with the trend. Issue solved!

See this posting

Multi-Time Frame Trend Trading

The problem is, we all have to sleep sometime, and it seems that no matter what your time zone, the best trends will start while you are having sweet dreams. So you wake up early and EURUSD is dropping like a rock and you have no hope at all of getting a good 1H or even 30M BB DNA CBL entry. What to do?

[IronHeart]

I’ve already posted this in Graviton’s thread but also wish to add it here: if you haven’t registered with the chat room you’re missing out on some good learning and experience, along with the camaraderie of fellow forex traders - many of whom are now enjoying real success with BB DNA.

• John (Merchantprince)

This is one heck of a tool Merchantprince - just yesterday I was talking to Beehjae and was just thinking of how useful a tool like this would have been!

[PTB]

My understanding is that with the 2 candle cbl a close beyond the cbl is not required. An entry can be made as soon as pa crosses the line. But with the 1 candle cbl a close beyond the cbl is required as well as a smaller candle body.
Please correct me if I’m wrong. Of course the other requirements must be met as well.

[IronHeart]

My understanding is that with the 2 candle cbl a close beyond the cbl is not required. An entry can be made as soon as pa crosses the line. But with the 1 candle cbl a close beyond the cbl is required as well as a smaller candle body.
Please correct me if I’m wrong. Of course the other requirements must be met as well.

This is what I thought too…until Graviton corrected me otherwise.

Having done some testing though, it makes sense, as a lot of the time wicks tend to put me in a trade which I would rather not be in.

[Hencruz]

I have been going through this thread for over three days and all i can say is a big thank you to tymen 1. please can anybody show me where i can get the pdf of this tymen’s lesson(on what page is the pdf for this lesson located)? thanks;);)

[Merchantprince]

I have been going through this thread for over three days and all i can say is a big thank you to tymen 1. please can anybody show me where i can get the pdf of this tymen’s lesson? thanks;);)

Visit the chat site set up for discussion of this system at: [B]BB DNA Chat[/B]

One the left hand column of the first page you’ll find three downloads of PDF documents covering the essentials of Tymen’s lessons so far.

[Graviton]

Looks just like me MP. Good Work!

[Graviton]

Speaking of tricky entries, this is the post I was referring to when regard to beehjae’s comments about the difficulties he is facing with bubbles, sausages and no-trade areas.

I would ask people to determine entry points using strict BB DNA rules on this TF alone. It raises yet again the issue some people have with BB DNA, which is that it does not get you into trends.

I’ll repeat this post here so you don’t have to search for it.

Please review Tymen’s exact words on this to be clear. Tymen said his method “works on all time frames”. He simply doesn’t recommend using it to try to scalp lower timeframes because he doesn’t believe there are enough pips between the CBL entry and TP1 to cover the spread and make it worthwhile. I completely agree with that.

But you have a different situation here. You aren’t trying to scalp lower timeframes, you are trying to catch a good retracement to enter what you think is a strong sustained trend. For that specific situation, I exclusively use Tymen’s CBL, either 1 or 2 candle which ever works first to catch the best retracement possible with the best entry possible on a lower TF. I’ll drop down looking for entries, 30M, 15M, 5M. If you are just a little patient you can usually get a 15M retracement entry, and 5M entries come around quite often. The advantage of doing it this way is the stop required for entry on the lower TF’s is small compared with the very long BB walk you hope to catch. Even if you get stopped out once or twice trying to gain entry, the risk is very small vs. the huge reward you can gain if you can get entry.

It’s a very tricky trade and one you should practice many times in a test demo before trying it in your good demo or live trading. A 15M TF entry early one morning in just this kind of trade ran all day and yielded my best all time pips for any single trade. Note that nothing I’ve said here violates any of Tymen’s rules, to the best of my knowledge. It’s just business.

[Graviton]

I like it. Although there is another avatar which would be emminently suitable.

“I promise not to ask any more questions, Graviton, honest I won’t!”

LOL, now I can’t decide Ask all the questions you like Hachiko. If I can’t answer, I’m sure there is someone here who can. Your questions and the answers to them help everyone here, including me.

Happy Trading

[Graviton]

This is what I thought too…until Graviton corrected me otherwise.

Having done some testing though, it makes sense, as a lot of the time wicks tend to put me in a trade which I would rather not be in.

Perhaps I mis-spoke on this. I always want to see a candle close before I take it as a signal. I too have been burned way too many times when I “jump the gun” and enter on what turns out to be a long wick that just screams (after the fact), Do Not Enter Here. That is a general rule that applies to all candlestick trading to my knowledge. No candle is a signal until it has closed. Someone correct me if I’m wrong. It almost happened, once :rolleyes:

[Graviton]

Whenever the mid bb is quite steep, as this is, it has the momentum to keep going in the direction of the trend. That should be a signal to exercise caution about entering a counter trend trade. I recall posting a chart similar to this one as it was happening, but Tymen said he didn’t think it would be good for a ct trade because of the steepness of the mid bb. He was absolutely correct. The pa made a quick return to the trend and did not get even halfway to the mid line. The lesson I learned was to be aware of the steepness of the mid line.

This chart just looks like we’d be trading against the trend to me. I’d guess the price action would be down on the TF above this one too, given the extended downtrend. Generally there could be many small retracements on a BB walk like this, but only one of the many would not return to the main trend, So I’d just look at entering against the main price action trend during a BB walk as a low probability trade. That’s just the way I’m looking at it.

[didilut]

Hello everybody, I just found a nice link, to discover the functions of Metatrader.
I am sorry it is in French, but I’m sure Google will help you
Have fun:)
Didier

Toutes les astuces de MT4 ! - Forum Forex

[didilut]

[QUOTE = gregart; 190008] Salut a tous,

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Factory [url = stratman mini chart indicator @ Forex Factory Stratman] mini tableau Indicateur @ [Forex / url]

cheers

Greg

[IMG] http://i837.photobucket.com/albums/zz293/gregart17/MTFtymen.jpg [/ IMG] [/ QUOTE]

Je n’arrive Pas un installateur les indics tu Québec comme le propose gentiment, Peux tu me Donner des Nations Unies coup de main et me confirmateur qu’il DANS Bien Vont: expert / témoin …
Merci d’avance
Cordialement, Didier

[Graviton]

My understanding is that with the 2 candle cbl a close beyond the cbl is not required. An entry can be made as soon as pa crosses the line. But with the 1 candle cbl a close beyond the cbl is required as well as a smaller candle body.
Please correct me if I’m wrong. Of course the other requirements must be met as well.

PTB, I was re-reading Tymen’s instructions on this. It seems that we might all be correct. That is, for the 2 candle CBL, you wait until the close of the signal candle, but it doesn’t matter if it closes above or below the CBL line, as long as it has penetrated the CBL line, you enter on the open of the next candle.

When Tymen get’s back we can ask for clarification if need be. In the meantime, Master Tang, Kockneerebel what is your understanding please?

[amosfella]

I may be wrong here, but I thought that Tymen said that one could enter right as the candle crossed the CBL, or wait till the candle closed, but with whatever you chose to do to be perfectly consistent…