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Flying Buddha Trading Idea

  • #21
  • Jun 24, 2018 4:03pm Jun 24, 2018 4:03pm
this i mean
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  • #22
  • Edited 3:07am Jun 25, 2018 2:47am | Edited 3:07am
Examples of what you're looking for (Blue arrow on chart, FB inside bar). Wait for the right set up and place your trade.
Post your trades.
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keep it movin'
  • #23
  • Jun 25, 2018 2:55am Jun 25, 2018 2:55am
Quoting kola8701
Get the tms 10ema dashboard indicator and configure it show where price is in relation to 10ema on daily chart. {image} {file}
Kola, you are suggesting we use the tms 10 ema dashboard on our charts.... Why not just post it here instead of sending everyone on a wild goose chase?
Find The Pain Points On Your Chart & Trade Off Those Levels
  • #24
  • Jun 25, 2018 3:55am Jun 25, 2018 3:55am
Trades.
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keep it movin'
  • #25
  • Jun 25, 2018 4:55am Jun 25, 2018 4:55am
Can you post your indicators and a template file?
  • #27
  • Jun 25, 2018 1:43pm Jun 25, 2018 1:43pm
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. Inside bar image attached. {quote} 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. {image} {image}
Hmm... This isn't the Flying Buddah setup that PipEasy introduced in the Millipede thread back in 2011. Curious if you are aware of what Marion (PipEasy's friend and the original creator of the Flying Buddah setup) and how he used this setup.
Staying in my lane...
  • #28
  • Jun 25, 2018 3:10pm Jun 25, 2018 3:10pm
Quoting VEEFX
{quote} Hmm... This isn't the Flying Buddah setup that PipEasy introduced in the Millipede thread back in 2011. Curious if you are aware of what Marion (PipEasy's friend and the original creator of the Flying Buddah setup) and how he used this setup.
Hello, you mention in another post about your research on flying buddah pattern. Do you use it now? Is it worth to research?
  • #29
  • Jun 25, 2018 3:50pm Jun 25, 2018 3:50pm
Quoting Weyk
{quote} Hello, you mention in another post about your research on flying buddah pattern. Do you use it now? Is it worth to research?
I used it when I was manually trading but the edge is NOT in the setup (atleast the way PipEasy described the entire strategy). The win rate of FB is less than 50 (more like 20-25%). The real edge lies in the position management and stacking and removing of entries using the inception or MTF approach. It is all laid out in the millipede thread (or just read my intense Q&A posts with PipEasy.

Now I know much more about coding so this lies in the back of my to-do list to completely automate and see if there is any long term edge. During my research phase, I could not find a single chart setup that would work consistently more than 3 yrs but this one has the potential to identify exhaustion first then the reversal next. You could also use the market rotation thread in conjunction with FB.... not for me as I hate starring at charts and flipping them.
In my early days, I had attempted to create a dashboard but now it is all outdated with the newer builds.
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Staying in my lane...
  • #30
  • Jun 25, 2018 4:09pm Jun 25, 2018 4:09pm
Quoting VEEFX
During my research phase, I could not find a single chart setup that would work consistently more than 3 yrs but this one has the potential to identify exhaustion first then the reversal next. You could also use the market rotation thread in conjunction with FB....
Thanks.

Best Regards,

Weyk
  • #31
  • Jun 26, 2018 11:37am Jun 26, 2018 11:37am
...
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keep it movin'
  • #32
  • Jun 26, 2018 4:11pm Jun 26, 2018 4:11pm
And ...
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keep it movin'
  • #33
  • Jun 27, 2018 2:37pm Jun 27, 2018 2:37pm
Need to add some tiny wiggle room.
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keep it movin'
  • #34
  • Jun 28, 2018 3:28am Jun 28, 2018 3:28am
In
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keep it movin'
  • #35
  • Jun 28, 2018 3:35am Jun 28, 2018 3:35am
Missed this one, UsdCad.
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keep it movin'
  • #36
  • Jul 9, 2018 8:38pm Jul 9, 2018 8:38pm
Pick the best set up.
Not having a open position is also a position, learn to pick the best trades.

Exhaustion candle.
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keep it movin'
  • #37
  • Last Post: Nov 11, 2019 11:10am Nov 11, 2019 11:10am
Quoting kola8701
Pick the best set up. Not having a open position is also a position, learn to pick the best trades. Exhaustion candle. {image}
Since there is about so long since you posted but are still visiting forum... Would like to know if there are any news on this? You seemed to be enthusiastic about this, why you stopped? Since no-one replied? Some people just read it I get discouraged because of that also, in my threads, since I do not know if anyone is reading at all.. There has been some increasing interested for TS.. we are all waiting for the grand slam obviously So keep up the good work, I am sure you have upgraded some or at least gather some new info, please we welcome to share..
Can you afford to take that chance?
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