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@  ahmetesk : (30 March 2017 - 02:52 AM) http://prntscr.com/eq81ys first trade of today. 90 points in 3 minutes not bad
@  abdulmshana : (30 March 2017 - 12:43 AM) but today i want to be careful and recover my losses
@  abdulmshana : (30 March 2017 - 12:43 AM) i was suppose to lose only one trade but i ended up losing 3 trades....i felt so bad
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@  gelsas : (29 March 2017 - 07:56 PM) sure @allan, post it and i will test it
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@  allan : (29 March 2017 - 02:11 PM) how can i upload a strategy here?
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@  allan : (29 March 2017 - 02:09 PM) anyone wanna test a new strategy here?
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Hubba Hubba's Style (5-15 mins)


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#381 hubba hubba

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Posted 08 August 2015 - 09:02 AM

 

Today session for me . Not the best day and finished 8-4 . I rushed several times and not waiting for extra confirmation. Last trade i put few positions extra and ended ITM. Next week gonna look for better confirmations and be more patient. Two days of trading i finished 15-5. Next week goal less trades but more accuracy . 
 

 
8- https://www.mql5.com...oanda-division45 min * 5 times

 

This indicator is basically tells you when is the best time to enter. This indicator does not give you magic entry so even with him sometimes i get bad entries.  It is paid indicator . 


 

 

 

NFP days has always been tricky. 


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#382 speedyw03

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Posted 08 August 2015 - 11:59 PM

NFP days has always been tricky.

I have sent a PM to you.

#383 hubba hubba

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Posted 09 August 2015 - 12:55 AM

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Hubba Hubba's style explained (more)

 

The sequence of events leading to making an entry is as such:

 

1. VC alert comes on

This indicator merely tells us the asset is overbought (OB) or oversold (OS) based on the threshold settings we set. Primarily it just let the user know when OB/OS level is reached. 

It does nothing more than that. Very simple indicator.

 

Fact : When an asset is at a OB/OS condition, whether is determined by an indicator like VC, Stochastic, MACD and whatnot, this is just that. The indicator is NOT telling the user that the asset is DEFINITELY going to reverse. Or the asset is DEFINITELY going to momentary pull back or DEFINITELY halt in its advance. These indicators just do what it was made for, to tell user that the asset is at OB/OS levels, period.

 

So when VC alert comes on, we can get ready for all the conditions. Like it is POSSIBLY going to reverse, POSSIBLY going to pull back momentary, POSSIBLY going to halt at this level, POSSIBLY going to stay at this level until something happens or POSSIBLY it will keep going. Now get this into your head. Yes, this is what the VC is actually telling u, all the above-mentioned. 

 

So again, when the VC alert comes on, we get prepare for ANYTHING or NOTHING. 

 

Tip for VC indicator: It measures the 'magnitude' of an asset's condition of OB/OS. Have u also noticed that this reading also can be translated to the momentum of the asset ?


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#384 hubba hubba

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Posted 09 August 2015 - 01:05 AM

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2. Wait for Confirmation Candle

 

This is where your screen time pays off. At this stage, the asset has already alerted VC for it is being OB/OS. And there are a few ways to play the Hubba Hubba's style.

 

(a) Exhaustion trade (Counter trend trading)

This is the most common trading-play. This could either be a momentary pull back or a full reversal. We are not concern about how it played out because we couldnt tell the future anyway. But we do want to have some form of odds stack on our side. And this odds is the appearance of the first counter trend candle after the VC alerted. 

When this first counter trend candle closed, it must have some of these characteristics.

It must tells us DECISIVELY that there will be continued momentum at the same direction that follow after this confirmation candle. How do we know if there is going to be continued momentum? Look for wicks or shadows at the correct side of the confirmation candle. Appropriate candle size. Some basic examples are candlesticks in the form of Pinbars, Hammers and full bodied length ones. 

This is where your knowledge of PA comes in. I am not skilled nor trained in this, so i am only using what i know. Pinbars, wicks, shadows and full bodied candles. 

In a nutshell, we want the Confirmation Candle single-handedly disrupts the trend for as long as possible. Within the range of 5-15 mins. 

 

(b ) Ride the train (Along the momentum trade)

This is a play where it sets u apart from many of the traders here, who cry Armageddon when they spotted a 'waterfall' or a strong convicted trend.

This Confirmation is similar to the one mentioned before but with a twist. This Confirmation Candle may or may not has to be the same colour as the candle before even after VC alerted.

And based on the same logic as mentioned in my last point, this Confirmation Candle shows us the continued strength it has to go in the same direction DESPITE being in the OS/OB region.

Like i mentioned earlier, read the levels of the VC not only as how much OS/OB it has been.  but also how much strength it has to go further.  

Besides the illustration for a waterfall scenario, a breakout UP/DOWN from a channel which is actually within the confines of an Inside-bar (PA) also serves as a good setup.

 

( c) Tight range bounce (Trapped range and trade off the channel's extremities)

This play may or may not require the VC alert. Most times, it is dependent on the SR levels.

Zoom out of your charts and see the established SR levels. Based on the template i have uploaded, the basic indicator serves this function well. U can add your own too.

My recommendation for this would be during Sydney to London (an hour before opening). There are pockets of such channel-based setups throughout the week.

Identify the channels and watch for PA to determine if the setup is viable. 

 

(d) Reflex Bounce (Continued trend with EMA)

This is a play where it can be done only when asset is in a trend.

This again may or may not require the VC alert. The theory is that for every new HOD\LOD and BRN is breached, either direction. There is a momentary dip or pause which seems like a momentary pull back. 

And this happens even without having the asset being OB/OS. And for this, we trade with the prevalent trend AFTER the momentary dip or pull back. 

The most credible setup for this is when the first counter trend or same trend candle appeared. It closed with a wick which has cut through the EMA while trending.


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#385 hubba hubba

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Posted 09 August 2015 - 01:06 AM

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3. Entry at the open of the new candle

 

For play (a) = 15 mins expiry

play ( b ) = 5 mins expiry

play (c ) = 5 mins expiry

play (d) = 15 mins expiry

 

All the above expiry times are my recommendation. i took into consideration most are new users to this style of trading. If u are already conversant with PA. then probably all the above plays expiry would be 5 mins. 

 

Lastly. ALL the above are just guidelines and my recommendations. It does not means that if u follow them to the dot, u will most definitely have a winner. As i mentioned before, the amount of screen time u have clocked is essential to this style of trading. 

 

Besides all the guideline i have listed above, other supporting stuff are just as important to the whole setup. 

SR levels, BRN/RN, HOD/LOD, TOH/BOH (to be cautious). 

 

Kindly read through the previous pages and u will find all the above plays has been posted as charts and explanation. 


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#386 chebop1

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Posted 09 August 2015 - 07:10 AM

Great stuff Hubba! Thank you for detailed guidelines.



#387 danny2819

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Posted 09 August 2015 - 09:07 PM

First entry: type (a) after the trend, I waited the bulls to push the price to he upper boundary of the channel and from there a good counter candle happened. it was stable so I decided to jump in for 15 minutes as per HH recommendations.

Not a goiod start for the day!

eurusdbo-m5-global-derivative-markets-2.

second series: 13I, 7O: 65%



#388 andynm

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Posted 10 August 2015 - 09:11 AM

First entry: type (a) after the trend, I waited the bulls to push the price to he upper boundary of the channel and from there a good counter candle happened. it was stable so I decided to jump in for 15 minutes as per HH recommendations.

Not a goiod start for the day!

eurusdbo-m5-global-derivative-markets-2.

second series: 13I, 7O: 65%

 

To me that was actually a trade type ( b ) because of the shadow on the red candle. Plus the bullish trend was very consistent (candles of same size, no considerable wicks). So I would actually wait for a confirmation that the trend is resuming (next green candle after the red one) and take the call.


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#389 hubba hubba

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Posted 10 August 2015 - 10:44 AM

To me that was actually a trade type ( b ) because of the shadow on the red candle. Plus the bullish trend was very consistent (candles of same size, no considerable wicks). So I would actually wait for a confirmation that the trend is resuming (next green candle after the red one) and take the call.

 

i agree with andynm.

 

the purpose of the Confirmation Candle in play (a) is to confirm there is exhaustion. In this setup, there was no sign of exhaustion at all. Look at all the bullish candles, it is a train coming straight at you. 

By putting all your faith on that bearish candle as a credible counter trend is suicide. 

EMA showing trend. Nearest R level been breached twice.

Look at the confirmation candle. It bounced off the same level as the last bullish candle. Look to the left, the cluster of S level is the same as the level where the confirmation bounced off.

i would also make this a Ride the Train play. 

If u want to be very sure. u can wait further. Wait for the candle to break out of the R level. Out of the Inside Bar channel and ride on it. 

And if u were able to sit through the whole time. u would have 2 very solid setups. Play (b ) and continue ride on the trend after the first bullish candle out of the Inside Bar Channel.

 

*Inside Bar Channel : The last bullish candle + the first bearish candle + the next 2 bullish candle. All these were 'trapped' within the candle body of the last bullish candle and under the nearest R level.

At the closed of the first bullish candle out of the channel, make a CALL for 15 mins expiry.  


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#390 newtrojan

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Posted 10 August 2015 - 11:04 AM

I have asked someone to modify the support and resitance barry indictor to alert when a fractal is broken.

 

I am attaching the indicator. Hope it is useful for someone. 

 

https://www.dropbox....alerts.ex4?dl=0


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#391 danny2819

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Posted 10 August 2015 - 08:32 PM

Thanks HH and andynm for the valuable insights!!.

Starting this third series taking on board all you taught me.

 

First trade of the series is a risky and not well thought one. LOD just reached breaking through the channel formed before. I wasn't aware of the AUD news coming out in ten minutes or so! ITM but not happy at all with the trade.

eurusdbo-m5-global-derivative-markets.pn

Third series: 1ITM, 0OTM


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#392 danny2819

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Posted 11 August 2015 - 01:38 AM

In this case after the up push I waited, the bearish candle came and I waited, another bullish break through the previous R level formed. so I went for a 15 minutes call. completely OTM!

gbpusdbo-m5-global-derivative-markets.pn

Third series: 1ITM, 1OTM



#393 hubba hubba

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Posted 11 August 2015 - 03:42 AM

GU%20chart_zpsuujv3gsw.png

 

Let's look at your last setup, Danny.

 

i identified 2 channels here. we start from the lower one. U can check with your chart with the SRB indicator, it will show the same thing.

All i did was to draw the clusters of SR together and form the channel box. 

The lower channel box we see the VC alerts came on. There were 2 of them, triggered by the two long bullish candle. 

First bullish candle engulfed the last bearish candle. There is still a sense of uncertainty on how it may go. As i did not watch how the candle moved, i can only rely on the closed candle.

Second bullish candle busted out of the channel. i mentioned before, this would be my Ride the train play at the closed of this candle. The one that busted out of the channel and closed bullish.

I also recommended 15 mins expiry for this. U can go for 5 mins if u can read the candle with some accuracy otherwise, take 15 mins.

So we have one setup here, Ride the train. It would be ITM.

 

Next, the 3rd bullish candle closed into the next channel box. And came the bearish candle.

Same thing as the last post, which i explained. Look at this bearish candle. It had that pushed power, that wick pushed it just at the border of the channel box.

For this, i recommend ride the momentum, and go for CALL, 5 mins expiry. This is the same exact scenario of your last post for yesterday.

This was a failed confirmation candle for a exhaustion play. But we can turn it into a Ride the train play. It would also be ITM.

 

Now, at this point we know the asset is overbought. VC alerted twice. And the next counter trend candle was a failed confirmation candle.

What we can do then is wait for a possible exhaustion setup. Dont worry about VC alert anymore. It had already came on and GU had already proven without doubt on a rampage.

Now we want to wait for it to take a breather or pull back.

 

Look at the next bearish candle, nicely formed. But it was still within the channel box. i would wait.

Came the next bearish with a nice wick and closed lower. This is starting to look like exhaustion. but i still wait.

And finally the third bearish candle opened, busted out of the channel and with a solid length. We have been monitoring this PA for some time now.

Does this look like a legit exhaustion? hell ya, it is. At the closed of this bearish candle, take a PUT and ride it down. for 15 mins expiry.

Can u see the wick of the 3rd bearish candle that it dipped into the channel box and came back out? That to me is a good indication of momentum.

So i would take a PUT at the open of the next candle which is the 4th candle on your chart.

 

in total there were 3 very solid setups here. 


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#394 tarikou90

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Posted 11 August 2015 - 07:14 AM

Hello Hubba

Im new in BO and i have one question for you

Can i use the Time frame 15 min in Metatrader or i must use 5 min because my broker hasn't 5 min only 15 and up

 

Plus do you thinj this strategy is good for a begginer 

Thank you



#395 hubba hubba

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Posted 11 August 2015 - 08:45 AM

11%20aug%20PL_zpsymywuaoc.png

 

today was quite busy at the office. so i am not able to post immediately after each trade with explanation.

i am going to group them all together. if there are any questions, i will try my best to answer them soonest.

not a bad day, 8/10 ITM. Still have much work to do in the MM department. so please ignore the weak MM model.


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#396 hubba hubba

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Posted 11 August 2015 - 08:46 AM

GU%201st%20half%20chart_zpsmmed0rwe.png

 

as u all know i only trade EU and GU. 

This is the first half of my GU trades. They are in the order of trades shown in the previous screen shot.

so far all were 5 mins expiry. The red dotted vertical line is a OTM trade.


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#397 hubba hubba

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Posted 11 August 2015 - 08:48 AM

GU%202nd%20half%20chart_zps9xbd7rha.png

 

the remaining of my GU trades. 


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#398 hubba hubba

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Posted 11 August 2015 - 08:49 AM

EU%20chart_zpsj7a2cbcf.png

 

these are my EU trades. Red dotted vertical is the OTM trade.

please refer to the previous screen shot with the profit and loss page for the sequence of trades. 


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(HH style in a glance for new users)  http://www.binaryopt...5-mins/?p=65109

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#399 tarikou90

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Posted 11 August 2015 - 09:27 AM

Hello Hubba

Im new in BO and i have one question for you

Can i use the Time frame 15 min in Metatrader or i must use 5 min because my broker hasn't 5 min only 15 and up

 

Plus do you thinj this strategy is good for a begginer 

Thank you



#400 hubba hubba

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Posted 11 August 2015 - 11:04 AM

Hello Hubba

Im new in BO and i have one question for you

Can i use the Time frame 15 min in Metatrader or i must use 5 min because my broker hasn't 5 min only 15 and up

 

Plus do you thinj this strategy is good for a begginer 

Thank you

 

M5 charts for 5mins and 15mins expiry.

Rather than me telling u if this is suitable for a beginner like u, i suggest u read the thread and see for yourself. 


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(Rules to HH style)  http://www.binaryopt...5-mins/?p=29766

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(HH style in a glance for new users)  http://www.binaryopt...5-mins/?p=65109

(My trading journey Jan-Jun 2017) http://www.binaryopt...ed/#entry104700

 





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