Trade Bias Selector
I LOVE THE TBS!!! I am still in the adjustment period, but the adjustments are coming fast. -SC
Today was my birthday and I had a BLAST with the Trade Bias Selector! I watched the market all morning, mentally trying to follow the directions and feel comfortable with Boomerang and TBS working together. Finally, I got a valid buy arrow and let it run for 3 points! Later, Boomerang gave me several sell signals but the Trade Bias Selector didn't confirm the trades so I didn't take them. I calculate that TBS saved me from losing all of my previous gain by not confirming the premature signals! Then, finally I got another red arrow and waited until TBS confirmed the trade. In short, trading was fun today! Signals are clear and they wait until the odds of winning are greatly in my favor. Don't sell any more copies.....TBS plus Boomerang are toooooo good! - RC
$179.95 |
Description - Click here to view the full size chart
This indicator is referenced in the "Block the Noise" seminar.
- Created by the same developer as Boomerang Scalp Trader as an add-on for Boomerang or a stand-alone product, the Trade Bias Selector is a simple tool that allows traders to get a more accurate reading of the extreme short term bias of the markets and is best used for day trading, although it may be effective for other scenarios too.
- Trading usage and instructional documentation included.
- Includes documentation with easy usage and trading instructions.
Key Features
- The indicator is a combination of various precision moving averages, de-trended readings on those moving averages along with acceleration/deceleration readings. Together these are taken and expressed in combination as both a leading bias line and a histogram which adds underlying support information to the leading bias line.
- Important note: As with Boomerang Scalp Trader, TBS is meant for use on the E-mini S&P500 using 4 period Range Bars.
1. A Lead Bias Line (LBL) that changes colors as it crosses over the Zero line
2. Histogram bars that change from Neutral (yellow) to Bullish (green) or to Bearish (red) depending on the position of the Lead Bias Line (LBL)
3. Key levels for an extended bullish bias run (red upper +2.00), extended bearish bias run (red lower -2.00).
4. A thin blue line is placed at the ± 1.00 levels on each side of the Zero line.
