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Flying Buddha Trading Idea

  • #1
  • First Post: Edited Jun 26, 2018 5:54pm Jun 23, 2018 1:32pm | Edited Jun 26, 2018 5:54pm
Credit especially to; pipEASY and Pedroall


Flying Buddha Trading Idea.. I just saw a thread, but I think this is one step ahead of that.

First we are not going to trade flying buddha blindly. I'm going to use daily for major trend.

Only take trade in the same direction with daily direction.

Don't over complicate things, don't over analyse.

Don't fight it, if a chart is not giving clear direction, move onto another chart.

Share ideas and how you think you can improve this.

I'd prefer not adding extra indicators, it's a lot as it is
keep it movin'
  • #2
  • Jun 23, 2018 1:55pm Jun 23, 2018 1:55pm
Quoting kola8701
Flying Buddha Trading Idea.. I just saw a thread, but I think this is one step ahead of that. First we are not going to trade flying buddha blindly. I'm going to use daily for major trend. Only take trade in the same direction with daily direction. Don't over complicate things, don't over analyse. Don't fight it, if a chart is not giving clear direction, move onto another chart. Share ideas and how you think you can improve this. I'd prefer not adding extra indicators, it's a lot as it is
Where is the system????
  • #3
  • Jun 23, 2018 1:58pm Jun 23, 2018 1:58pm
First; how to spot daily trend direction. It can't get any simpler.

BUY- Price Above 10ema on daily , look for only BUY.

SELL- Price Below 10ema on daily , look for only SELL


Ps: Indicators are tools, so use wisely. You're not robot, so you're not expected to trade like one. Use common sense.





Quoting hibra68
{quote} Where is the system????
What's the rush? calm your nerves.
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keep it movin'
  • #4
  • Jun 23, 2018 2:22pm Jun 23, 2018 2:22pm
Quoting kola8701
First; how to spot daily trend direction. It can't get any simpler. BUY- Price Above 10ema on daily , look for only BUY. SELL- Price Below 10ema on daily , look for only SELL Ps: Indicators are tools, so use wisely. You're not robot, so you're not expected to trade like one. Use common sense. {quote} What's the rush? calm your nerves. {image} {image}
i'm very calm
  • #5
  • Jun 23, 2018 2:51pm Jun 23, 2018 2:51pm
A;
Trade entry is on 15mins chart.

Trade only in direction of daily trend.

I.e = Daily trend is UP, only look for long trades on 15mins chart // Daily trend is DOWN only look for short on 15mins chart.

B;
You can ONLY BUY when price is above 89ema (on 15mins chart )

You can ONLY SELL when price is below 89ema (on 15mins chart )

C;
Putting it all together. This how your chart should look like.

Next post, I’ll describe what kind of flying buddha you’ll be trading. We’re going to be picky and not just enter on every “flying fck, excuse my french “ flying buddha that is printed on our screen.


Ps: If you don’t know what flying buddha is, 5 minutes search on google will give you all the info you need on flying buddha.
Pps: I’m not re-inventing the wheels, don’t get excited. It doesn’t have to be complicated to make money.
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keep it movin'
  • #6
  • Jun 24, 2018 12:52am Jun 24, 2018 12:52am
Deity trading - subscribed!
  • #7
  • Jun 24, 2018 3:14am Jun 24, 2018 3:14am
What is the significance of using different numbers of EMA for eg 89 and 100 EMA.
  • #8
  • Jun 24, 2018 8:54am Jun 24, 2018 8:54am
Examples of flying buddha for BUY and SELL ;

Blue arrows indicate flying buddha for buy
Red arrows indicate flying buddha for sell


Note: We’re not going to enter on every flying buddha, next post will indicate which particular flying buddha we are interested in.
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keep it movin'
  • #9
  • Jun 24, 2018 9:07am Jun 24, 2018 9:07am
hello, I would have rather taken the crossing, how do you recognize the sideways movement?
  • #10
  • Jun 24, 2018 9:57am Jun 24, 2018 9:57am
Why you think is this working for a long time? How many methods we are have here in the trading system who make use of moving averages? I wish you good luck and hope you will post in 10 years also frequently as today.
Perfection is the enemy of good enough!
  • #11
  • Jun 24, 2018 10:00am Jun 24, 2018 10:00am
I assume we all know what Flying buddha ( FB ) is now.
I’ll ONLY consider 2 types FB when looking for a trade set up BUT will mention only one here. A flying buddha that creates INSIDE BAR.


Inside bar image attached.


Quoting MichaelSch
Why you think is this working for a long time? How many methods we are have here in the trading system who make use of moving averages? I wish you good luck and hope you will post in 10 years also frequently as today.
If you don't have anything positive to contribute, you don't have to comment on here. Shut it, read and move on silently.
To others too.
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keep it movin'
  • #12
  • Jun 24, 2018 10:08am Jun 24, 2018 10:08am
Examples of trade set up;

1, You confirm the major trend on daily
2, You trade in the same direction on 15mins chart.

That's it guys.
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keep it movin'
  • #14
  • Jun 24, 2018 11:38am Jun 24, 2018 11:38am
Quoting kola8701
A; Trade entry is on 15mins chart. Trade only in direction of daily trend. I.e = Daily trend is UP, only look for long trades on 15mins chart // Daily trend is DOWN only look for short on 15mins chart. B; You can ONLY BUY when price is above 89ema (on 15mins chart ) You can ONLY SELL when price is below 89ema (on 15mins chart )


Hi kola

in your post here you state that you only buy on the M15 when the price is above the 89ema & only sell when the price is below the 89ema however on your screenshots in your text you are saying to buy when above 89ema & to sell when above 89ema

I assume that is a typo??
Find The Pain Points On Your Chart & Trade Off Those Levels
  • #15
  • Jun 24, 2018 11:41am Jun 24, 2018 11:41am
Quoting GPips
{quote}[/b] Hi kola in your post here you state that you only buy on the M15 when the price is above the 89ema & only sell when the price is below the 89ema however on your screenshots in your text you are saying to buy when above 89ema & to sell when above 89ema I assume that is a typo??
GPips, Sorry that was a mistake, too lazy to correct it now. Buy above , sell below. Thanks
keep it movin'
  • #16
  • Jun 24, 2018 11:53am Jun 24, 2018 11:53am
Quoting kola8701
I assume we all know what Flying buddha ( FB ) is now. I’ll ONLY consider 2 types FB when looking for a trade set up BUT will mention only one here. A flying buddha that creates INSIDE BAR.
Hi kola

You mention you only want to trade off an inside bar but I see many setups you posted in your screenshots using the red & blue arrows & many of those are not inside bars going by the Inside Bar description pictures you posted. Your setups are showing many with the inside bar having its wicks/shadows protruding well beyond the mother bar & in some cases even the inside bar body doing the same.

Quoting kola8701
I’ll ONLY consider 2 types FB
What is your other (2nd) type of FB or set up?
Find The Pain Points On Your Chart & Trade Off Those Levels
  • #17
  • Jun 24, 2018 12:00pm Jun 24, 2018 12:00pm
Quoting GPips
{quote} Hi kola You mention you only want to trade off an inside bar but I see many setups you posted in your screenshots using the red & blue arrows & many of those are not inside bars going by the Inside Bar description pictures you posted. Your setups are showing many with the inside bar having its wicks/shadows protruding well beyond the mother bar & in some cases even the inside bar body doing the same.
That was to show FB generally. They are usually all over the place BUT we do not trade all the FB. Trade only flying buddha that creates INSIDE BAR.
keep it movin'
  • #18
  • Edited Jun 25, 2018 12:47am Jun 24, 2018 2:13pm | Edited Jun 25, 2018 12:47am
Get the tms 10ema dashboard indicator and configure it show where price is in relation to 10ema on daily chart.
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Attached File(s)
File Type: tpl FB-inside-bar.tpl   3 KB | 1,308 downloads
keep it movin'
  • #19
  • Jun 24, 2018 2:21pm Jun 24, 2018 2:21pm
please share this indicator which show daily trend in your chart.
  • #20
  • Jun 24, 2018 4:00pm Jun 24, 2018 4:00pm
i just want to learn
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