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Boomerang
Strategy
We look for short term strength or weakness
240, 60, 15, 5, 2 minute time frames
A ‘touch’ on the moving averages
Pro-MACD down for shorts, up for longs
Storyteller down for shorts, up for longs
High or low Pro-OBS
Use Fibonacci Symmetry for entry
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Indicators
MACD – Lines above zero line = Long, Lines below zero look for shorts
Storyteller – Look for histogram count. Shows loss of momentum
The 20EMA can be resistance so trade on the right side of it
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2 Minute time frame
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5 Minute time frame
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Boomerang– 15 minute
Short the resistance area
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Bounce and then we explode higher
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Boomerang – 15 minute
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Boomerang – 15 minute
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Boomerang– 60 minute using IG chart
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Advanced Boomerang
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Boomerang using Range Bars
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Fibonacci
Use Fibonacci Symmetry for entry price and resistance
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Process
Pro-MACD weakness
Oscillator over bought or over sold
Use Fibonacci Symmetry for entry price
Small size accounts - wait for a move into the 20EMA
Targets at the U or n
THE SAME
I use this tool to give me an indication of an entry price
We use the
100% (entry)
1.272%
161.8% (stop)
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Fibonacci Symmetry
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Fibonacci Symmetry
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Fibonacci Symmetry
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Depending on your account and time frame
+10 Pip move, stop to breakeven
Or use the U and n shape targets
Use the 127.2 Fibonacci Extension as a second target
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Profit targets
Boomerang – 15 minute
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Trade with the intraday trend
High or low OBS
Short into moving averages
Boomerang – 15 minute
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Trade with the intraday trend
High or low OBS
Long into moving averages
15 Minute Boomerang Process
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How much resistance do we have?
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TREND IS DOWN
Moving averages are falling, creating
resistance
As price rises, we
look to short
Price resumes in the original direction
Look to only take the 1st or 2nd
Boomerangs (Wave principle)
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Target options
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U - n•Lows of the
u or n
Predetermined
Numbers
• +10 out half
• Stop to breakeven
• Bigger move
