BONZ. Using technical indicators to trade.

[Don_xyZ]

I updated the 1st post by adding another indicator for custom candle. This one is better.

[Don_xyZ]

The easiest form of Bollinger Band trading.

Bollinger Band simple.jpg (49.45 KiB) Viewed 29343 times

No add-ons, no enhancers, core skeletons only.
Reversal, continuation, continuation. There, easy to understand. No guesswork.
Of course, you can branch out from here depending on how thick your WIL is. (here we go again, the WIL )

[Don_xyZ]

I think this fractal is much better. More aggressive. Suits me.

Don's fractal.jpg (48.27 KiB) Viewed 29339 times

Fractal is good.

[Don_xyZ]

I think this fractal is much better. More aggressive. Suits me.

Don's fractal.jpg

Fractal is good.

Seeing it like that doesn't make too much sense. But if you put 2 crazies together, you might get something out of them.

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Thus, Fringer

finger lickin' good.jpg (108.12 KiB) Viewed 29337 times

[Don_xyZ]

Ugh, if only they post...

Apr. 30 19.45.jpg (67.09 KiB) Viewed 29322 times

I'm pretty sure the board will become vibrant again

[Don_xyZ]

Hmmm.... thank God we have TRO.

Checking the weekly n monthly for those crazy returns.

Weekly.jpg (97.42 KiB) Viewed 29307 times

Monthly.jpg (255.93 KiB) Viewed 29307 times

Yeah, I see what I like. Taking it some steps further.

[Don_xyZ]

Application of WIL in BONZ MAHL 7, the original BONZ.

Yes, there are rules for this thing to work but you can expand it with your WIL. One of the simplest WIL that you can put in this strategy is the entry method. You can use the standard close price as your entry but you can also use the extreme. STRATs. #1

Another WIL that you can use in practice here is entering near the opening price of the H8 bias layer is more beneficial because price tend to move based on the momentum carried on from the previous moves of the same/similar degree. A move in H8 candle is big. The candle range can reach multiple R if acted upon from the smaller tf and in this case, it's the M1. #2

If you get big candle showing you an entry, you can choose to enter or not. Me, I don't enter. I'll wait for a smaller candle. Why? Simple, a strong candle is strong because it uses up a lot of "energy" to drive the price into one direction. If it loses steam temporarily, then it's not good because when I enter a trade I want the price to move as quickly as possible either to hit my target or my SL. With a smaller candle, you are at least "guaranteed" to a degree, that there is still a lot more gas to drive the price further up or down. #3

If somehow, you can't be there during the opening of the candle then you have a choice:

1. switch to a different tf, though you need to research this first coz I don't provide add-ons like a paid service
2. adjust your "peeking" time during your day job. Not that I encourage you to steal from your company's work hours to trade.
3. switch your bias from H8 to something else that you can use. Say like H6, H4, H3, H2, H1. The choice is abundant. Then again, like I said before, you need to research this first. #4

That's already 4 WIL that you can apply. Now, the examples.....

BONZ MAHL 7 1.png (140.4 KiB) Viewed 29242 times

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BONZ MAHL 7 5.png (133.24 KiB) Viewed 29242 times

BONZ MAHL 7 6.png (120.09 KiB) Viewed 29242 times

BONZ MAHL 7 7.png (184.41 KiB) Viewed 29242 times

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BONZ MAHL 7 9.png (127.68 KiB) Viewed 29242 times

Some of them I didn't mark because after getting good R at the beginning of the hours I usually get off trading and I think this is a good practice for everyone not to get greedy during the day.

I've told you how to train your eyes to look for trade opportunities, now you do your homework.

Now, can you still not make money using BONZ?

I'm putting this in the 1st post.

[TheRumpledOne]

Hmmm.... thank God we have TRO.

Checking the weekly n monthly for those crazy returns.

Weekly.jpg
Monthly.jpg

Yeah, I see what I like. Taking it some steps further.

??

[Don_xyZ]

Hmmm.... thank God we have TRO.

Checking the weekly n monthly for those crazy returns.

Weekly.jpg
Monthly.jpg

Yeah, I see what I like. Taking it some steps further.

??

Before actually gauging a bigger tf, I need to visualize getting in there at those extremes and dragging it all the way up / down to the opposite extreme. So far, my biggest backbone has been D1 so the next natural progression for me is of course the weekly and monthly and the indicator in your list is very good for this. Thus, liking what I see (the potential).

W & MN.jpg (20.02 KiB) Viewed 29162 times

W & MN 2.jpg (46.8 KiB) Viewed 29162 times

It's freakin easy to get lost in the W and MN tf while acting on D1 and H1 basis. The indi is like a perfect compass. A pip compass in a way

The mental preparation is gonna be insane but I know I'll be able to bulldoze it. The masters that I mentioned were already there.

[Don_xyZ]

Hmmm.... thank God we have TRO.

Checking the weekly n monthly for those crazy returns.

Weekly.jpg
Monthly.jpg

Yeah, I see what I like. Taking it some steps further.

??

Before actually gauging a bigger tf, I need to visualize getting in there at those extremes and dragging it all the way up / down to the opposite extreme. So far, my biggest backbone has been D1 so the next natural progression for me is of course the weekly and monthly and the indicator in your list is very good for this. Thus, liking what I see (the potential).

W & MN.jpg
W & MN 2.jpg

It's freakin easy to get lost in the W and MN tf while acting on D1 and H1 basis. The indi is like a perfect compass. A pip compass in a way

The mental preparation is gonna be insane but I know I'll be able to bulldoze it. The masters that I mentioned were already there.

Looking at it again, I think I posted this in the wrong thread. This "indicator" is not really an indicator because it is only showing what is already visible (price points) and dragging it into the present without any calculation at all. Fractal also fall into this category too, I guess. Mistake, mistake