BBMA Reentry Setup
hello guys, right here i wish to share with you a easy setup from the BBMA system, referred to as: “Reentry”. the founding father of this method is Mr. Oma ally, im engaged on it about 4 years and just lately have some success with this straightforward setup. now simply wish to have a spot for sharing evaluation and dialogue about concepts for the customers of this method. my purpose is to make a giant neighborhood from the followers of this technique and a reference for sharing every day evaluation.
lets begin by explaining concerning the instruments:
WMA 5 (Weighted Transferring Averages) apply to excessive
WMA 5 apply to low
WMA 10 apply to excessive
WMA 10 apply to low
Bollinger Bands 20, Deviation 2
EMA50 – SMA200
that is the way it appears to be like:
Truly on this method we’re utilizing “overlapping or clustering” of MAs and Bband in a number of time frames. after which assume it as a powerful reversal space and S&R degree. i exploit 3 time-frame so as, assume the very best time-frame as #1, center time-frame as #2 and lowest time-frame as #3
the one essential level right here is time frames should be so as, for instance D1>H4>H1 // H4>H1>M15 // MN1>W1>D1 // and and so on. (simply ignore the M30). you are able to do it on all time frames, primarily based on you wish to be a scalper or a swing dealer.
for a promote place,
at time-frame #1, value should contact the WMA5 excessive/or MidBB from the underside (MidBB i imply center bollinger band that’s SMA20) – it assist us to commerce solely within the path of pattern
at time-frame #2, value should contact the higher band or should be above the higher band (Above the TopBB, or contact the Flat TopBB)
at time-frame #3, once more value should contact the higher band or should be above the higher band (Above the TopBB, or contact the Flat TopBB)
and sure you should utilize another S&R instruments for make it extra assured, like easy trendline, easy S&R strains, or Pivots,even i bear in mind certainly one of my mates use Harmonic patterns as a set off of Reentry setup.
for purchase place all the things could be smart versa.
SL > on our promote state of affairs, place it above the WMA/ or MidBB in time-frame #1 (that is our predominant resistance and cause for entry)
BE > Break Even your place on contact of the other band in time-frame #3
TP > Fib 1.272 of the final current pullback
lets see an instance, right here i’ve a help from WMA5 apply to low in D1, in H4 value is beneath Low BB, in H1 additionally value is beneath Low BB, so that you open a purchase.later as a substitute of telling”value beneath LowBB”, we are saying: “value is excessive purchase”
i exploit this dashboard for findings reentrys, however im unsure am i able to share it right here or not due to copy proper guidelines or FF guidelines, you’ll find it on market (Reentry Dashboard), i’ll attempt to add it every day right here.