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I'm new to BBT, and have been simulating 5-min ABCD for the past month. Hope someone could help me with these questions, thank you! If a stock has been trending up on the daily chart, but trending down on the intraday chart but you see consecutive green candles, can you still trade ABCD going up? If there are multiple green candles going up but one red candle in the middle, where do you start counting A? Regarding confirmation, if the candle pushes past D, do you wait for the 5-min candle to finish before entry or do you enter right away? What if D is close to 9EMA but extended from VWAP, do you still enter this trade? ~ Nick
TL;DR: Here are some sheets with concise information about strategies members of BBT use. Shoutout to the mods and contributors for the information for these strategies. After watching Peter's amazing presentation about his 'Mountain Pass' strategy a couple nights ago, I put together an information sheet with the setup details similar to ones I had already created for a few other strategies. After putting together the Mountain Pass sheet, I decided it, among the others could be useful for my fellow BBT community members for any of the following reasons: You could use them for your playbook. If you like the layout, you could use them as a template to make your own information sheets/playbook. They could serve as a tangible, concise, introductory resource for beginner traders, who are new to these strategies. The strategy information has all been taken from the education center, success webinars and Andrew's books. I take no credit for any of the theory behind the strategies or any of the images. All credit goes to Andrew, Carlos, Peter and Hiltzy for laying out the strategies so well. I plan on doing more of these as I expand my playbook to include strategies such as Rising Devil, Fallen Angel, 1-Minute ORB, etc. So I will share those in this thread as they are made. If you have any comments, criticisms, or if I have information wrong about any of the strategies, let me know and I can make some adjustments to the sheets. Also, if you have your own playbooks / strategy resources you'd like to share, you can do so in this thread, I'd love to see what you've done. Note: Some of the information, particularly the rules such as "Place stop losses at technical levels." are notes I've made to myself based on results I have found. Some of these may not apply to you individually. Here is what they look like: The files for each strategy will be posted below.
Hi Guys, Pretty new here. Really enjoying the learning curve. Although it is overwhelming at times. If any newcomers are interested in starting a WhatsApp group to share ideas and learn together feel free to add me: +97470243682 Interested in sharing strategies and discussing trading with some like minded people. Anyone a little further in their journey feel free to get in touch. I'll set up the group as people get in touch and we can take it from there. Let's limit it to 3-4 I think. Look forward to talking trading.
I know that Andrew tries to enter his ORB based on the body of the 5 min candle and not the extremes of the candle wick. This seems logical to me based on the fact that this is where the candle has closed. That being said, I know of another successful trader who enters his ORB's based on the end of the candle wick, sometimes resulting in somewhat overextended entries but possibly more confirmed ones? I know there are a million different ways to make money in the market if anyone has any constructive input on this I am sure it might help the community a lot.