Well, can all those who said they have high failure rates post chart examples so that we can all see if the entry and exits were correct? You may think you did the right thing but like Doctors, require 2nd opinions. Can only get other opinions when others can see the chart. I mean Tymen’s got a few deputies, experienced traders willing to help so why not show ya fails.
Not much Tymen can respond to without some chart examples. It’s gonna come down to lots of posts to the effect of, “Oh no it hasn’t got a high failure rate” vs “Oh yes, it has”
I will start by going thro all the posts from where I left off.
I have already advised against trading 2 senarios.
I will repeat those with schematic diagrams.
Further, stick to time frames above 20 minutes.
To [B]MerchantPrince[/B], I say stop trading live right now - do not lose any more!!
If after I return, the [U]consensus [/U]is that the BB DNA method is not delivering the goods because of low risk/reward or higher than expected failure rate, then I will proceed on to the macro trend trading method which simply replaces the SR lines with the BB.
This method is simpler and uses some strategies including a higher timeframe to safeguard against trading in the wrong direction.
But right now, we are proceeding with the BB DNA method because it is the general request of everyone here.
I've been here from the start of the thread and i'm still here now. Why? Because I have faith in Tymen that he will deliver the goods. I'm supportive but we should still be entitled to be honest about how we are finding the method working in real time.
If you recall, he actually asked us for feedback on what we have thus far. That is my experience so far it it seem consistent with other people's. However, you do raise a fair point. I have not had those entries verified and shouldn't be arrogant enough to assume that I am right. However, the rules, IMO, are fairly straightforward and I have double checked the entries each time. The reason I haven't posted them is because i'm a total pleb when it comes to stuff like that. However, you have made a valid point so at some point, I will try and fathom it all out. Don't slate me if it looks like a dog's dinner though ;)
If the R/R is too low, don’t trade. There will be another bubble/sausage train leaving the platform shortly. Pick a few setups, rank them and take the top 1 or 2.
I think that if you had avoided that evening star, [U]let the price action go[/U], not set the BE till after the price action had gone thro the mid BB then…
…you could have taken your 2nd exit at a much higher place than you did, even if it was not at the upper BB.
But congratulations for using initative and thinking outside the box!!
This is exactly what I was referring to in my previous post - a retreat price action from a BB bubble or sausage after walking the BB is [U]not recommended [/U]just now. :eek:
Greetings Tymen, I’ve been having very good results with the BB DNA in demo so today I decided to try to fold it into my usual method of multiple TF trend following and money management. The results have been astounding. Took the squeeze and down move from EURUSD for over 100+ pips and took a bubble down on GPBUSD FOR ANOTHER 100+ PIPS. Using multiple TFs with the lower to minimize entry SL risk and moving up to the higher to ride profits to the moon is working well for me. Just wanted to check in and give my two cents to complaints about trading against the trend. There are multiple trends at any one time in different time frames. What looks like trading against the trend in a lower TF can actually be a great retracement entry with low stop loss in a higher time frame. Just my observation. I’m keeping up with posts, but have to make a living also. Thanks for the great addition to my live trading system. All I can say is, WOW!
