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The Boomerang Day Trader “4 Step Confirmation” process

January 22, 2019 By Mohan

Greetings Traders,

Here is a brief video I have prepared which explains the Boomerang “4 Step Confirmation” process.

“4 Step Confirmation” method video

also a written explanation of the method is shown below.

This method is producing excellent results day after day in our Day Traders Action live room on Crude Oil. Make money trading live with Mohan

all the best, Mohan

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“Four Step Confirmation Method” for trading Crude Oil on Boomerang Day Trader

1) Watch for a New Trade Channel opening with that candle closing with the arrow showing on the candle….

2) Then Ask: Have the Price Pressure Bands opened up in the direction of the new Trade Channel……

3) If #2 is confirmed then ask: Are the Dynamic Trend Bands within 2 Ticks of a Crossover/Crossunder in line with the new Trade Channel or have they crossed over/under now or are they the same matching color? One or more of these conditions on the Dynamic Trend Bands needs to be occurring in order to move to Trade Entry. In all cases obviously the DTB #1 color needs to match the Trade Channel.

4) Enter Trade: Then with all the above confirmed Trade the next pullback to the Signal Line Dot.

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2nd Level Trade Rule: A 2nd level trade within a short term trend move can be taken. The rule is that once the trend is established and prices have moved we want to watch for a counter reversal move that is strong enough to cause Boomerang to produce a counter Trade Channel arrow. Once that occurs if the Dynamic Trend Band #2 has not changed colors we can trade a 2nd level trade when a new reversal back into the trend Trade Channel arrow occurs. Trade at the very next pullback to the Signal line when the dot appears. There are no 3rd level trades to be taken although on occasion they will work out but are higher risk.

Modification Rule: If all the pullbacks to the Signal line have been used up BEFORE there is a Crossover or the DTBs match color, then AFTER a DTB crossover occurs a trade utilizing an entry on the pullback to the Cobra line can be taken within 4-5 candles of the new Crossover candle (there will be an example of this on the video)

Other Rules: 1) Don’t trade a pullback to the Signal line after a “fat channel” has occurred. A “fat channel” is caused by a fast upward surge of spike candles that are normally 4-6 points in length or greater. Stand aside as “fat channels” usually reverse direction.

2) Don’t trade against a Flat Dynamic Trend Band #2

3) On an extended move usually with a 2nd level trade in the middle of the move Do Not trade the first reversal move but wait for the 2nd attempt at reversing.

Filed Under: Blog, Resources Tagged With: Boomerang Day trader, day trading, day trading futures, futures trading, software trading systems

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RISK DISCLOSURE: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

HYPOTHETICAL PERFORMANCE DISCLAIMER: HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN; IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK OF ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL WHICH CAN ADVERSELY AFFECT TRADING RESULTS.

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