Jump to content

BOOMER Trading Method - that WORKS!

Recommended Posts

Hi All,

This one is for Technical Chart based traders - Especially those of you that might be struggling - Trading is not easy, hopefully this method will help you to improve profitability.

This isn't my method, he method below has been around for decades - I've refined the method to suit me - I'd encourage you all to do the same, if not and you trade it "naked" then it's win rate and profitability suffer to the down side - The content shown below is the "Naked" method

I was first alerted to this method at the 2010 Traders Expo in Las Vegas by a well known day trader

This set-up is called a BOOMER - It is  2 CONSECUTIVE INSIDE BARS

They happen very often -  in ALL markets and ALL time-frames

I don't usually give stats and probability away as I've had to test, develop and refine methods all by myself but the average profit of a Boomer is 2R (2 times the RANGE of the Trigger bar) - it won't always return 2R you'll need plans in place to deal with those times

As you can see in the circled area, there's 3 price bars - The TRIGGER bar is the 3rd bar and 2nd Inside Bar in the sequence - My method that I use tells me the most likely direction of the trade (This bit has not been shown or disclosed), but you could of deciphered that for yourself as Bar in the series is a cross bar, so is the next bar and so is the 3rd and trigger bar in the sequence = price indecision at that level and odds on for a decline of some sort

The ENTRY is 1 pip + the spread below the low Trigger Bar

The STOP is 1 pip + the spread above the high of the trigger bar

The TARGET price is 2 times the amount risked

Now look back 12/14 bars and see if you can see another BOOMER set-up!  The reward on this one was more than just 2R because of the narrow range of the trigger bar

I would only trade this method during normal market hours not out of hours where volume and volatility are reduced

I'll let you set and decide on Risk and Trade Management as that's your business


OK - How many of you missed the other BOOMER set-up right at the lows in the chart above?  Spend a week specifically looking for these set-ups and they'll start to pop out to you easily!

Right this one worked BUT it didn't return 2R (2 times amount risked of the range of the trigger bar) - WHY DIDN'T IT WORK????

BECAUSE - that's ALL the market gave us - sometimes you get 1R out them, sometimes a loss of 1R and other times 2R+ depending on how you manage the trade


Disclaimer:  Not advice nor recommendation - As a trader you are 100% responsible for your trading methods, decisions, risk and risk management techniques - If you are not 100% confident or competent in any of those areas, it would be highly prudent for you to become an expert in because that will determine your success or failure in this game.

The Information above is just that information for you to build upon I have deliberately left out key information that I use to trade with so that you don't blindly copy - you are highly encouraged to define your own rules, methods and trading practices

No liability for anyone's losses can be held against this post - don't risk money trading/betting

Hope it helps and good luck - managed correctly this can be highly profitable



  • Thanks 1
Link to comment
  • 2 weeks later...

This is a continuation of the Boomer - THT Wedger (sort of, but it was within my allowable criteria)

Anyone tells you, you can't use indicators to trade with ignore them, right settings, right indicator and you can beat the market


Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Posts

    • Sainsburys full year earnings and Unilever’s first quarter trading update both say the same thing, UK consumers are in for higher prices. The war in Ukraine, supply chain issues and the effects of ongoing Covid all to blame.      
    • US Dollar (DXY) Daily Price and Analysis US Q1 GDP may stall the greenback’s advance. A 20-year high nears for the US dollar. The multi-month US dollar rally continues with the greenback printing a fresh high today ahead of the first look at US Q1 GDP at 12.30 GMT. The US dollar basket (DXY) has been boosted by renewed weakness in the Euro and the Japanese Yen, as investors move from lower-yielding to higher-yielding currencies, while safe-haven flows continue to benefit the greenback. The US growth release later in the session is expected to show a sharp slowdown from the robust Q4 figure of 6.9%. The markets are currently pricing in growth of just 1% for the first three months of this year, with the slowdown mainly due to a reduction in inventory accrual over the quarter. This release is unlikely to move the greenback, unless there is a large miss or beat, as the Fed believe that 2022 US growth will be robust enough to let them tighten monetary policy sharply without damaging the economy. The latest US Core PCE data – the Fed’s preferred inflation reading – is released on Friday and this may have more effect on the US dollar than today’s GDP data. For all market moving economic data and events, see the DailyFX Calendar. The ongoing US dollar rally has been aided by weakness across a range of G7 currencies including the Euro, the Japanese Yen, and the British Pound. The Euro continues to battle with lowly growth expectations, exacerbated by energy concerns, the British Pound is mired by weak economic data, while the Japanese Yen is in freefall as the BoJ continues with its ultra-loose monetary policy.   The US dollar continues to press higher and looks set to break above 103.96, the March 2020 high. Above here the US dollar would be back at levels last seen nearly two decades ago. The March resistance will likely hold in the short-term, especially with month-end portfolio rebalancing at the end of the week, but US dollar strength is set to continue in the months ahead. USDOLLAR (DXY) WEEKLY PRICE CHART – APRIL 28, 2022 {{THE_FUNDAMENTALS_OF_BREAKOUT_TRADING}} What is your view on the US Dollar – bullish or bearish?   Apr 28, 2022 | DailyFX Nick Cawley, Strategist
    • While Tesla has nothing directly to do with Elon Musk buying Twitter - TSLA stock closed down 12% on news that Musk may have to sell stock and use other holdings to stand against the loan to finalise the purchase of the social media giant.        
  • Create New...