Boomerang Trader

Using the “Trade Bias Selector” for unmatched accuracy

Posted on27. Apr, 2011 by Mohan.

Good morning traders.

Today I want to talk about the unmatched accuracy of using my Trade Bias Selector which comes as part of the overall Boomerang Scalping  System package.

The settings shown on the chart below (ES) show what I have found to be the easiest way to read and use the Trade Bias Selector.

Here is how to make your TBS look like mine here on the charts.

1) Go to the TBS by right clicking and selecting “indicators”

2) Go to the TBS and change the plot style to a “Bar” on both Fast line positive and negative

3)  thicken up those bars with a “5″ width setting

4) be sure to change the “Histogram Neutral” just below that from yellow to dark prey color

Now you have a clearer picture of where support and resistance is.  Here’s what to look for:

Notice on ES Chart #1.  When the market took off with prices above the Orange 44 sma and with the Trailblazer above the Boomerang Bias line…what color was the TBS?

That’s right Green.  Whenever you see a solid green or red color as THE FIRST BAR crossing the Zero line…that is a solid Buy or Sell signal.

Notice using the Bars on the histogram how easy it is to see them climb all the way up to the Red resistance line. As soon as the top two bars hit almost the equal amount and the next bar diminished in value the Boom Color bar changed to off red. Then the next bar we got the Sell arrow signal.

The key on these reversals off of extreme exhaustion is to : Wait for the histogram to change to gray combined with the Red Bias bar and arrow signal. That is your entry for your scalp.

These reversals can be done above the Orange line but you have to see this extreme exhaustion come in first.

All the best of success and feel free to email me with any questions at Mohan@BoomerangTrader.com

 

 

 

 

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