Gold Entry Setup + BBMA Introduction (Analysis and Tutorial)
Updated
3 Main Topics:
I actually haven't included the third part on the video, but I'll just share it here:
In the past few days on this week, news has been so misleading. I shared on minds my hypothesis about CPI where CPI doesn't really affect gold price that much upon checking on past history of gold since August 2022. Therefore this proves some of my points regarding news.
News simply fuels volatility, but it really does not dictate the direction of the market. As I have been trading for the past few months, I repeatedly observed that we can always see the next price movement on pure technical analysis. So fundamentals like news, we can just use it as fuel for movement.
Bollinger band is very powerful. Most of the time, Top and low bb are good dynamic support and resistance, so when trading high impact news, you can use that as stop loss zones. But you have to learn BBMA system in order to do it, combining with patterns, the chance of not getting SL hit will be drastically lowered. Full margin traders like Ahmad Danial and FullMarginTrader on youtube have mastered this and they are trading before the news releases which makes them really chad traders. Truly 1% traders that I follow.
About BBMA
BBMA or BBMA Oma Ally is really a powerful trading system. I dropped off most trading ideas like SMC and focus myself on this system. Like I said on the video, this system is the recipe of full margin traders that allows them to make sharp entries on the market and make good amount of money, but it is not the full margin that I'm after, but rather me being able to understand where the market would move next. I need a system that would allow me to mentally picture where the market would move next based on latest price movement.
- Naked Chart Analysis
- BBMA Analysis
- Lesson that I learned for the week
I actually haven't included the third part on the video, but I'll just share it here:
In the past few days on this week, news has been so misleading. I shared on minds my hypothesis about CPI where CPI doesn't really affect gold price that much upon checking on past history of gold since August 2022. Therefore this proves some of my points regarding news.
News simply fuels volatility, but it really does not dictate the direction of the market. As I have been trading for the past few months, I repeatedly observed that we can always see the next price movement on pure technical analysis. So fundamentals like news, we can just use it as fuel for movement.
Bollinger band is very powerful. Most of the time, Top and low bb are good dynamic support and resistance, so when trading high impact news, you can use that as stop loss zones. But you have to learn BBMA system in order to do it, combining with patterns, the chance of not getting SL hit will be drastically lowered. Full margin traders like Ahmad Danial and FullMarginTrader on youtube have mastered this and they are trading before the news releases which makes them really chad traders. Truly 1% traders that I follow.
About BBMA
BBMA or BBMA Oma Ally is really a powerful trading system. I dropped off most trading ideas like SMC and focus myself on this system. Like I said on the video, this system is the recipe of full margin traders that allows them to make sharp entries on the market and make good amount of money, but it is not the full margin that I'm after, but rather me being able to understand where the market would move next. I need a system that would allow me to mentally picture where the market would move next based on latest price movement.
Note
I no longer want to focus my bias on news. Regarding on what news says, I would focus and stick on price action. I may avoid news to prevent myself from being stopped out and continue trading after the hour candle which involves the high impact news is around..Price action > news in my current opinion.
Note
Overall, our analysis for market is bullish.Price need to break our QM Buy zone in order to make this idea invalid.
Use the idea of BBMA to find your entries. That's the best advice that I can give to everyone. Trading is really not for lazy people who don't like to learn in my opinon.
"Give a man a fish, and he is good for the day. Teach a man to fish, and he is good for a lifetime"
Note
We will be posting more videos about BBMA. There are things that I haven't explained yet like Extreme Buy/Sell.Stay tuned!
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