Dealing with choppy summer markets….new Boomerang lesson!
Posted on 05. Aug, 2010 by Mohan in Boomerang Scalp Trader
We are in the middle of the summer doldrums and this is to be expected especially in August when many traders and exchange members take time off.
I developed the “Trade Bias Selector” specifically to assist us in staying out of choppy markets and to lock down solid trade opportunities on Boomerang Scalp Trader.
In fact, do some research and you will find that if you took all of the TBS trades during the recommended trading hours of the session and just scalped 3 points on each signal using a 2.00 loss, the results are quite good.
TBS is usually a delayed response to when Boomerang gets you into trades so the key is to read the Force Index with the TBS.
One way I’ve found to do this more effectively is to switch the Force Index from a Line reading to a Bar. This is done by changing the “plots” area of the Force indiator to : plot style=Bar and Dash Style=Solid.
Also, thicken up the TBS line to a “5″ which makes it a bit easier to see the crossover colors change.
I am using those configurations on todays charts to show you how you may be able to slightly front run the TBS and accomplish better potential returns with your Boomerang trading.
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