BBMA Strategy by Oma Ally: A Simple but Effective Way to Trade Forex
Forex trading can be challenging and rewarding, but it also requires a lot of skill and knowledge. There are many strategies and methods that traders use to analyze the market and make trading decisions. One of these strategies is BBMA, which stands for Bollinger Band Moving Average.
Bbma Oma Ally Ebook 23l
BBMA is a strategy that was developed by Oma Ally, a Malaysian trader and mentor. He has been using this strategy for over 10 years and has taught it to thousands of students. BBMA is based on the use of two indicators: Bollinger Bands and Moving Averages. These indicators help traders to identify the trend, momentum, support and resistance levels, and entry and exit points.
What are Bollinger Bands and Moving Averages?
Bollinger Bands are a type of technical indicator that consists of three lines: the upper band, the middle band, and the lower band. The middle band is a simple moving average (SMA) of the price, usually with a period of 20. The upper and lower bands are calculated by adding and subtracting a standard deviation (usually 2) from the middle band. The standard deviation measures the volatility of the price movements.
Moving Averages are another type of technical indicator that show the average price of an asset over a certain period of time. There are different types of moving averages, such as simple, exponential, weighted, etc. They help traders to smooth out the price fluctuations and identify the direction and strength of the trend.
How to Use BBMA Strategy?
The basic idea of BBMA strategy is to use Bollinger Bands and Moving Averages to determine the market condition and find trading opportunities. There are four main steps to follow:
Determine the market condition: whether it is trending or ranging.
Determine the momentum: whether it is strong or weak.
Determine the support and resistance levels: where the price is likely to bounce or break.
Determine the entry and exit points: where to open and close trades.
Let's look at each step in more detail.
Step 1: Determine the Market Condition
The first step is to determine whether the market is trending or ranging. This can be done by looking at the shape and width of the Bollinger Bands.
If the Bollinger Bands are expanding (opening) and sloping (tilting), it means that the market is trending. The direction of the slope indicates the direction of the trend: up or down.
If the Bollinger Bands are contracting (closing) and horizontal (flat), it means that the market is ranging. The price is moving sideways within a narrow range.
For example, in the chart below, we can see that from point A to point B, the Bollinger Bands are expanding and sloping upwards, indicating an uptrend. From point B to point C, the Bollinger Bands are contracting and horizontal, indicating a range.
Step 2: Determine the Momentum
The second step is to determine whether the momentum is strong or weak. This can be done by looking at the position and shape of the candlesticks relative to the Bollinger Bands and Moving Averages.
If the candlesticks are closing outside the Bollinger Bands, it means that the momentum is strong. The price is moving with high volatility and speed.
If the candlesticks are closing inside the Bollinger Bands, it means that the momentum is weak. The price is moving with low volatility and speed.
If the candlesticks are closing above or below the Moving Averages, it means that the momentum is in line with the trend. The price is following the direction of the Moving Averages.
If the candlesticks are crossing or touching the Moving Averages, it means that
For example, in the chart below, we can see some examples of reversal and continuation signals.
At point D, we have a reversal signal. The candlestick closes outside the upper Bollinger Band and then reverses back inside. This indicates a possible end of the uptrend and a start of a downtrend. We can enter a short trade at the open of the next candlestick and place a stop loss above the high of the reversal candlestick.
At point E, we have a continuation signal. The candlestick closes inside the lower Bollinger Band and then breaks out of it. This indicates a possible continuation of the downtrend and a further decline of the price. We can enter a short trade at the open of the next candlestick and place a stop loss above the high of the breakout candlestick.
At point F, we have another reversal signal. The candlestick closes outside the lower Bollinger Band and then reverses back inside. This indicates a possible end of the downtrend and a start of an uptrend. We can enter a long trade at the open of the next candlestick and place a stop loss below the low of the reversal candlestick.
At point G, we have another continuation signal. The candlestick closes inside the upper Bollinger Band and then breaks out of it. This indicates a possible continuation of the uptrend and a further rise of the price. We can enter a long trade at the open of the next candlestick and place a stop loss below the low of the breakout candlestick.
Of course, these signals are not 100% accurate and there are other factors that we need to consider before entering or exiting trades, such as risk management, money management, market sentiment, etc. However, they can provide us with some guidance and direction on how to use BBMA strategy effectively.
Conclusion
BBMA strategy by Oma Ally is a simple but effective way to trade forex using Bollinger Bands and Moving Averages. It can help traders to identify the market condition, momentum, support and resistance levels, and entry and exit points. It can also help traders to capture the trend and momentum movements of the market and avoid trading against them.
However, BBMA strategy is not a holy grail and it requires practice, patience, discipline, and proper risk management. It also requires traders to adapt to the changing market conditions and use other tools and indicators to confirm and validate the signals. Moreover, traders should always do their own research and analysis before making any trading decisions.
If you want to learn more about BBMA strategy by Oma Ally and how to use it for forex trading, you can check out his ebook 23l, which is available online. You can also watch his videos on YouTube or follow him on social media. He is a well-known and respected trader and mentor who has helped many students to achieve success in forex trading.
Why You Should Learn BBMA Strategy by Oma Ally?
BBMA strategy by Oma Ally is not only a simple but effective way to trade forex, but also a proven and profitable one. Many traders who have learned and applied this strategy have reported consistent and impressive results. Here are some of the benefits and advantages of learning BBMA strategy by Oma Ally:
It is suitable for beginners and experienced traders alike. You don't need to have a lot of technical knowledge or experience to use this strategy. You just need to follow the rules and signals that Oma Ally has taught.
It is applicable to any market and timeframe. You can use this strategy to trade any currency pair, commodity, stock, or index. You can also use it on any timeframe, from 1 minute to daily. However, Oma Ally recommends using higher timeframes (H4 and above) for better accuracy and stability.
It is flexible and adaptable. You can modify and adjust this strategy according to your own trading style, risk appetite, and market condition. You can also combine it with other indicators and tools to enhance your analysis and confirmation.
It is based on sound trading principles and logic. This strategy is not a random or arbitrary one. It is based on the concepts of trend, momentum, support and resistance, and price action. It uses Bollinger Bands and Moving Averages as objective and reliable indicators that reflect the market behavior and psychology.
It is backed by real results and testimonials. Oma Ally has been using this strategy for over 10 years and has shared his trading performance and statements online. He has also taught this strategy to thousands of students who have given positive feedback and testimonials about their trading results.
How to Learn BBMA Strategy by Oma Ally?
If you are interested in learning BBMA strategy by Oma Ally and how to use it for forex trading, you have several options:
You can buy his ebook 23l, which is a comprehensive guide that covers everything you need to know about this strategy. It includes the theory, the rules, the examples, the tips, and the tricks of BBMA strategy. It also includes some bonus materials such as videos, templates, indicators, etc.
You can watch his videos on YouTube, where he explains and demonstrates his strategy in detail. He also shares his live trading sessions, market analysis, trade setups, trade reviews, etc. You can learn a lot from his videos and see how he applies his strategy in real time.
You can follow him on social media, such as Facebook, Instagram, Twitter, etc., where he posts his trading updates, insights, advice, etc. You can also interact with him and ask him questions or feedback about your trading.
You can join his online courses or seminars, where he teaches his strategy in a more structured and interactive way. You can also get access to his private group or forum, where you can communicate with him and other students who are using his strategy.
Whatever option you choose, you will be able to learn BBMA strategy by Oma Ally from the source himself. He is a generous and passionate teacher who wants to share his knowledge and experience with others. He is also a successful and respected trader who has proven his skills and results with this strategy.
Conclusion
BBMA strategy by Oma Ally is a simple but effective way to trade forex using Bollinger Bands and Moving Averages. It can help traders to identify the market condition, momentum, support and resistance levels, and entry and exit points. It can also help traders to capture the trend and momentum movements of the market and avoid trading against them.
This strategy is suitable for beginners and experienced traders alike, and it can be applied to any market and timeframe. It is also flexible and adaptable, and it is based on sound trading principles and logic. Moreover, it is backed by real results and testimonials from Oma Ally himself and his students.
If you want to learn more about BBMA strategy by Oma Ally and how to use it for forex trading, you can check out his ebook 23l, watch his videos on YouTube, follow him on social media, or join his online courses or seminars. He is a well-known and respected trader and mentor who has helped many students to achieve success in forex trading. d282676c82
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