01.

Best Notes and Strategies To Remember 1

Lesson 1 – Continuations

A continuation is a confirmation of
trend. these are the safest entries. A
long continuation is when a pivot low
(HL) is higher than the previous pivot
low. A short continuation is when a
pivot high (LH) is lower than the
previous pivot high.

Lesson 2 a - First Pullbacks #1

The first pullback is a confirmation that price action has

broken a pattern. It offers the best risk reward ratio and
safest entries. On COG, the first pullback after the
oscillator crosses over or under the LSMA 200. On Boom
Hunter XL, the first pullback after it crosses over or under
the OSC3

Lesson 2 b- First Pullbacks

after the breaks (or First
crossover or crossunder
after the break) in
support and resistance

the first pullback is after a

breakout when price action confirms change of trend
with a pullback. These entries MUST be entered from a
pullback, A safe entry for a long is with a HL. A safe
entry for a short is with a LH.

<- if you wait for this

level to break then you
have missed the entry.
Enter short while price is
consolidate on pullback

By MaestroMalee
 2

Lesson 3 – Reversals →

Reversals are one of the most risky types of trades. First and
most important is to be able to identify the current trend. An
up trend will make higher pivot highs (HH) and higher pivot
lows (HL) and. A down trend will make lower pivot lows (LL)
and lower pivot highs (LH). An up trend is confirmed with a
higher pivot low (HL) and down trend is confirmed with a
lower pivot high (LH

Lesson 4 – Breakouts (on Slower Time Frame)

draw trend lines on your chart and on the indicator.

After price breaks the line it will want to pull back
and test the line before confirming and continuing.
This is the best entry.

***If the oscillator is travelling down, connect some

pivot highs (That is a long Set Up). Price will want to
pullback toward down before going up

***If the oscillator is traveling up, connect some

pivot lows (That is a Short Set Up). Price will want to
pullback toward up before going down.

Lesson 4a – Continuations Breakout

A continuation breakout is also a breakout but this one is to

continue the trend. You can enter these on the break but
even better is to enter on a HL or LH.

When price action is coming up from the dump or down from

the pump zone from preset 3 or BHXL Golden ratio, look for a
break to continue the trend.

By MaestroMalee
 Trend Lines 3

you do not need a million channels. Just the active channel (the active channel can be obtained from pivot on
BHXL, BHX, or COG on slower time frame like 1h,2h,3h,4h,8h,12h, or daily) and then the trendlines it is breaking,

Above the trendline, look for long (Crossover above trendline – crossover on Slower timeframe , then target only long entry
on faster timeframe like 5m when Oscillator is down) then short after the break of trendline on first pullback short

Below the trendline, look for short (Crossunder below trendline – crossunder on Slower timeframe, then target only short
entry on faster timeframe like 5m when Oscillator is up) then long after break of trendline on first pullback Long

Trend line within a channel

– Downtrend (look for weak uptrend to brake for short entry)
– Uptrend (look for weak downtrend to break for long entry)

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Trend Lines Continued

The first potential trade is a short from the trend line if it breaks, there will be a pullback to confirm the long

the long is not considered a strong trade. It can be great if it does breakout in to up trend it is great news
and even pump right up to the top of channel but in the because now we have a solid short setup
big picture it is part of the short which is the real trade

continuation pullback ->

another potential trade is the continuation pullback if it pullback or breaks back into its trend line->

By MaestroMalee
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Entries & Channels

Long or Short?

When setting up a trade, look for the strong

entries. You can do this by determining what
kind of channel the price is travelling
through. There are only 3 options. Always
bet with the trend

Sideways Enter longs and shorts.

Downtrend Enter shorts only

Uptrend Enter longs only

Bullish VS Bearish

Bullish = long setup - a down trend channel is

considered bullish because at some time it will
break the channel resistance to make an up trend
channel
Bearish = short setup – an up trend channel is
considered bearish because at some time it will
break the channel support to make a down trend
channel

In a down trend channel the strong trades are shorts

from the top at break.

In an up trend channel the strong trades are longs from

the bottom at break.

In a sideways channel it is both.

In a downtrend, enter shorts at break and setup a long.

You can also enter long at break, but it is risky as it is
against the trend.

In an uptrend, enter longs at break and setup a short.

You can also enter short at break, but it is risky as it is
against the trend.

By MaestroMalee
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Channels Continued

When up trending, look for the weak downtrends

within the channel to break. the ideal long entries come
from the break of the weak down trend.

when down trending, look for the weak uptrends

within the channel to break. The ideal short entries
come from the break of the weak up trend

Hint in Tradingview: To clone a graphical object, hold

CTRL and use left mouse button to drag a cloned object

How to Build Channels

Uptrend - when a new uptrend establishes connect the first 2 Down trend - when a new down trend establishes connect first
pivot lows and then the first pivot high, stack it when it 2 pivot highs and use the first pivot low to make the channel
breaks

How to enter Long and Short Entry & Identify long and short Channel With BOOM HUNTER & COG

When price action pushing channel resistance, you

need to let price action come back down first for
Long entry. And when pushing channel support,
you need to let price action come back up first for
short entry. or you WILL have a shit entry.

here are 2 easy ways: If default BHXL (slower

timeframe), cogXL osc1 or golden ratio or flat
smoothing boom hunter is teal then look for
longs, if they are red look for shorts. If price action
is in a down trend channel look for shorts from the
top of the channel. If it is in an up trend channel
look for longs from the bottom of the channel. If it
breaks the channel to the bottom look for shorts.

By MaestroMalee
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When the price action breaks or Attempt to break the channel

when price action pivots away from the channel like this it typically means it will attempt to break out
the channel

When price action breaks a channel it will flip polarity and

head in the same direction. -->
When the price breaks through resistance, the price will
bounce through the next layer and head in the same
direction every time! It keeps doing this until it makes a
wedge, breakout, or reversal pattern, and it forms a new
channel in a new direction when it breaks out.

The strong entry when the channel breaks is when it pulls back
above the channel top or below channel bottom
in most cases price action will make a pivot above the channel
support or below channel resistance before it attempts to break the
resistance or below the channel resistance before it attempts to
break support

By MaestroMalee
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Hedging into a big move. If you plan on

hedging your way into a big move make sure
you are entering your trades at the right
places. Once the channel has established a
low and a high and you are confident it is
going sideways you can look for entries, enter
a short from top of the channel and long
from the bottom. Either way it breaks you
catch the win ->

Channel, Trendlines, Breakout, Reversal --->

These patterns are found on the indicator too

By MaestroMalee
 9

Support & Resistance Bands on BHXL and Signal XL

On boom hunter we can track these bands
horizontally or using Signals XL we can do
it dynamically

The SR bands on Signals XL show the support

and resistance bands for the
current channel that is getting
tested
the bars on the SR bands show
the strength of the SR. These
get stronger as SR gets stronger.
At first price action will get
pulled to the active SR band
before getting pushed away
The light colored bars show SR
strength is peaking. This means
price action is pushing/testing a
SR band. Price action can either
pass through or get rejected.
Either way it will be released
from the pressure and go for a fly
The more pressure/resistance (the resistance
band) so price is hard to pass through it and
hence being rejected. Same thing for the support
band. When it is transparent price will break it
easily but then when the bars start showing up
the support or resistance is getting strong so
price is traveling up or down.

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 10

Support & Resistance Bands on BHXL and Signal XL Continued

when there are no bars, it means
that price action is pumping and
dumping while trying to test the SR
band. as the bars get stronger pressure,
price would starts bouncing in other
direction. When bar stops, price action is
released and travels to test the SR band
on opposite side. When the SR bands is
blank it shows price wants to travel
there to test and price is pumping or
dumping. normally when the pressure
starts to increase price will begin to
reverse.

Continuation of Trend
when the SR strength bars stop inside
the SR bands we have a signal for a
continuation of trend
***if you enter the crossover after
channel resistance is broken you are
entering a pump
***the bars stopping is the biggest clue,
this shows that price action will test this
band again

here on the SR bands we can see

which way price action is
pushing/pulling. when the lines
begin the pressure starts to
reverse in other direction. If the
lines stop during the SR band this
signals a continuation in pressure
as shown with yellow arrow

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Support & Resistance Bands on BHXL and Signal XL Continued – Entries

Crossovers or Crossunder above (or below) the
active SR bands for Long or Short Entries
➢ Crossovers above the active Support band with
bars can be considered as potential long entries
➢ Crossunder below the active Resistance band with
bars can be considered as potential short entries

Crossover or Crossunder above (or below)

after active SR band is broken
➢ if you enter the crossover after the active
channel resistance is broken you are entering a
pump
➢ if you enter the crossunder after the active
channel Support is broken you are entering a
dump
the bars stopping is the biggest clue, this
shows that price action will test this band
again

The light colored bars show SR strength is peaking. This means

price action is pushing/testing a SR band (Something is coming.
Price action can either pass through or get rejected. Either way it
will be released from the pressure and go for a fly

By MaestroMalee
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the oscillator pushes/breaks the resistance band

& Confirmed Rejection
When the oscillator pushes/breaks the resistance
band it shows price action attempting to break the
channel. A pullback below (or above) is a
confirmation of rejection from the band, at this
point price action will travel in the direction of the
support band (Or resistance band)

Support & Resistance Bands - Long and Short entry

The SR bands show the support and resistance bands for
the current channel. To trade within the channel look for
the first pullback after price action gets rejected.
As the strength of support and resistance increases, bars
will start to appear and get stronger with the SR. When
the SR strength peaks candles appear. Price action will
either break the SR or get rejected but at this moment
price action is free to move
In the screenshot, Price action will get pulled to a support
or resistance band and then bounce from it. The Candles
show the squeeze and release.
Volatility Signals

The volatility signals use Digital Signal Processing (DSP)

to pickup these big moves before it happens. You can
either enter on the current pivot, wait for the next pivot,
or wait until the end of the trend.
This depends on your settings and time frame. There are
3 different frequencies you can adjust including
thresholds

By MaestroMalee
 13

Best and power Move

these are the 3 best moves These are the power moves, if you just ride them you will
catch the booms

this is how to read it, if there is a crossover or under there will be a pump or dump

By MaestroMalee
 14

BHXL Pressure Dots – Extreme Pressure (Green and Red dots)

*** Note:. Only the areas that are pushing hard on an SR get the dot
When there is extreme pressure (up pressure in red and down pressure in green) the oscillator line will drag on the top or
bottom. This signal suggests that price action is testing or breaking an SR line and that price action will will pullback and
retest the line before pumping/dumping again. In other words, With too much pressure, it will break the SR line and will try to
push again before pumping or dumping Avoid entering trades in these moments as the true bottom/top has not been exposed.
Following price action along longer timeframe charts will help find the true low/high .

Example of a dump signal - Crossunder with extreme Down Example of a Pump signal - Crossover with extreme up
Pressure Pressure

Double Push down/ oscillator drag at bottom/ Extreme Double Push up/ oscillator drag on To/ Extreme up
Down Pressure Pressure

If the oscillator starts dragging on the top or bottom, or comes down (or up) on an easy slope with extreme
pressure, it will try to push again. this movement usually happens before a reversal, and it is a common
behavior to understand when analyzing pressure

By MaestroMalee
 15

BHXL Pressure Dots – Normal Pressure (Green and Red dots)

The pressure dots show up pressure in red and down pressure in green, signaling that price action is testing
an SR line. With just a little pressure, Normal pressure (1- 3 dot), means that price has hit a SR line, Thus it
will become a pivot . Therefore, price action will bounce and reverse from the SR line.
Crossunder with normal up Pressure VS Crossover with normal down Pressure dots on BHXL

Crossunder with normal up Pressure could be considered as a

potential short entry when there is no Pressure on a slower
timeframe above the current timeframe.
***This means that price has moved up on faster timeframe to
move down. It could also be a pullback for short at rejection from
the resistance band
Crossover with normal down Pressure could be considered as a
potential long entry when there is no Pressure on a slower
timeframe above the current timeframe.
***This means that price has moved down on faster timeframe to
move up. It could also be a pullback for Long at rejection from the
support band

Normal Pressure Dot with Rejection

Area with normal pressure dot is a great pivot (only when not Pumping or dumping), price will try to test
the same area, a rejection (a crossover above the support line, known as a HL or cross under below the
resistance line known as LH) from that area could be a great entry

Channel Support and Resistance Line on BHXL

The top (Resistance) and bottom (Support) lines show

the channel support and resistance lines.

- When the support (bottom) line hits the

Resistance (top), it signals that the price action is
testing/breaking the channel's resistance line.
- when the resistance (Top) line hits the Support (bottom) line, it signals that the price action is testing/breaking the
channel's support line.
- The channel support or resistance line will often spike with just a little pressure, thus making for a good pivot.
- If the line flatlines for too long, price breaks the channel and becomes a pump/dump. In this case, price will pull back
and test the line before pumping/dumping again. Do NOT enter any trades here.

➢ Note: You need to already the trade you are looking for and be in the trade before the Pressure Dot started to
show or SR testing

By MaestroMalee
 BHXL NO Pressure Dots While the Oscillator Hit resistance or Support line On Higher
16
Timeframe above the current timeframe

preset 1 hitting channel top or bottom while preset 2 and 3 are still in the red. in these situations price action likes to
dump or Pump

Short Example

Long Example

By MaestroMalee
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HOW TO DETECT WHICH WAY PRICE COULD BREAK BASED ON SR BAND STRENGTH

The bands are always there

(even if they don't appear
all the time), they are just
scripted to turn on when
price action is testing it.

When the SR bands

'appear', we need to

- see what price action does

- Does it test support /
resistance by ‘piercing’ or
‘fail the test’ (these are the
words veryfid uses)

Detecting bias - look at what is happening with price

action. If it breaks a support band there is a good chance
it dumps, if it is above the support band it will likely get
rejected. If it breaks a resistance band, good chance it pumps,
***if the oscilator remains below resistance band, it will likely
get rejected and down. And if it is remains above support
band, it will likely get rejected and go up.
Notice price action broke the resistance band above, so now you
need to wait for it to come back and make a crossunder below the
resistance band. Also keep in mind when price action pushes
hard it will want to push again. SR band strength + volatility
alerts - clues that price action is about to move.

*** IMPORTANT *** WHEN PRICE ACTION PUSHES HARD, IT WILL WANT
TO PUSH AGAIN
Using a second boom hunter with golden ratio smoothing and
length 3 will show you these pullbacks. Below level 3 is Dump
Zone & Above 7 is pump zone
Always look at pullbacks ‘in context’ - keep an eye on golden ratio BHXL to
see if it is a continuation or if it is in the red.

By MaestroMalee
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BHXL default & BHXL Golden ratio with length 3

BHXL default (Top) for entry and short term trend & BHXL Golden ratio (Bottom) highlight stronger trend
Always look at pullbacks ‘in context’ - keep an eye on golden ratio BHXL to see if it is a continuation or if it is in the
red.
When price action is pushing down you should be looking for breaks to the downside. As price action starts to push up
you can then start looking for up breaks
please make sure you back test this and train yourselves what to look for. Check out 1hr and 4hr charts. This works in
both directions Long & short continuations

continuation pb

By MaestroMalee
 use golden ratio smoothing to filter out the 19
Golden ratio in teal or rend look for the first
bad trades
pullbacks on the BHXL default

pullbacks that continue a trend and LH/HL (especially with

Golden ratio is your trend friend golden ratio)

How to track Price

By MaestroMalee
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BHXL & BXH - Advanced Entries, Support & Resistance, Volume Breakout, Bullish and Bearish pattern

Chart Pattern Entries & Support resistance testing

Chart patterns work great on the Boom Hunter XL oscillator.

e.g. double top/bottom patterns, triangles, wedges, flags,
trend lines, ascending/descending channels, head and
shoulders, etc... Boom Hunter XL will expose patterns that
are normally hard to pickup by just looking at the chart
alone.

***When the strong support (bottom) line hits the Resistance

(top) line, it signals that the price action is testing/breaking
the channel's resistance line. Likewise, when the strong
resistance (Top) line hits the Support (bottom) line, it signals
that the price action is testing/breaking the channel's support
line. The price channel is dynamic and adjusts when there is a
channel change
Reversal Entries
Drawing support and resistance lines

shows the highs and lows of the channel

By MaestroMalee
 21
Red Wave Support and Resistance Bounce Volume breakouts – the yellow dot-You should know the direction
Entries of the breakout already if you were planning to enter a trade

Bear Patterns
Bear Patterns

Crossover and Crossunder with Pressure

Crossunder with up Pressure could be considered as a potential short entry
Crossover with down Pressure could be considered as a potential long entry

By MaestroMalee
 22
Sideways Actions
Volume Pressure Analysis ->
These movements happen mostly around a SR line/band and
shows price action getting pushed and pulled from a SR line.
Because price action wants to travel this way it requires very

Volatility Alert ->

The volatility signals use Digital Signal Processing (DSP). Using DSP
we can pickup these big moves before it happens. You can either
enter on the current pivot, wait for the next pivot, or wait until
the end of the trend. This depends on your settings and time
frame.

By MaestroMalee
 23
Example of some of the signals & Trendline then entry What to avoid & Long Breakout & Short Breakout

First Pullback

By MaestroMalee
 24

BHX

Avoid long positions from down trend/ dump

zones. When price action is pushing down with
preset 3 look for price action to pullback up and
break back down.

Look out for first pbs for preset 3 when it hits the roof. if price
action breaks the channel these are excellent places to be

When price action is pushing down with preset 3 look

Look for how price action breaks, watch for a HL in the teal on preset 3 for price action to pullback up and break back down

By MaestroMalee
 25

Setting Up An Entry

To be a successful trader, in my opinion, it is essential you use multiple timeframes (MTF) to do your analysis and
prepare your entries.

Hint in Tradingview: To clone a graphical object, hold CTRL and use left mouse button to drag a cloned object

When setting up a boom, it is important that you read the indicator through different timeframes to create a bias
• Look at slower time frames first like the 1h,2h,3h,4h,8h, 12h, and daily to plan your trade. Then look at faster
timeframe for entry like the 5m, 15m,30m, and 1h (Preparing then committing)
• Use trend lines, break lines, and channels.
• you do not need a million channels. Just the active channel (the active channel can be obtained from pivot on
BHXL, BHX, or COG on slower time frame like 1h,2h,3h,4h,8h,12h, or daily) and then the trendlines it is breaking,
• Always draw the next setup (using a trend line). Set alerts for the trigger (or the Oscilator) to cross the trend line.
It will give you time to open/close a trade and plan the next break
• Once you have identified a setup you need to work out what alerts you need to set to warn you when to look at
the chart. It is no good setting up trades and then missing them. Your alerts could be a crossover/crossunder on a
faster TF/Length or a cross of a trend line etc. If you are setting up on the 1hr timeframe try and look at the 30
min TF to set alerts, this way you get notified before the 1hr cross. Working out what alerts you need will also
help make your setup more solid, it will help you understand your setup better and hopefully make things more
clear.

in an up trend (Downtrend) look for price action to come back down (Up) and then break back up (Down). These are
the pullbacks and entries

Long Entry Short Entry – with 2 entries

By MaestroMalee
 26

Example Setting Entry

draw the breakout and/or Trend line

connecting the 2 pivots and set and alarm for
the trigger (or the Oscillator) crossing that
trend line. once your alert is triggered you
can set an alert for next crossover (or
crossunder) on 1hr or the time frame used or
faster Timeframe. if it breaks the trend line
on the 1 hr, wait for it to pullback and use
the 5 and 15min to confirm the rejection of
the trend line

just keep setting up trades on slower

timeframes and they will come to you

the next high pivot will determine the long setup

we can also see the volume breakout to confirm the short

breakout break ahead of the short entry. Also, COG is in
Red with a lower high

Set when trigger (or the Oscillator) crossing

the trendline, once your alert is triggered
you can set an alert for next crossover on 1hr
, the time frame used, or faster TF/Length or
a cross of a trend line etc. if it breaks the
trend line on the 1 hr, wait for it to pullback
and use the 5 and 15min to confirm the
rejection of the trend line. Working out what
alerts you need will also help make your setup more solid, it will help you understand your setup better

By MaestroMalee
 Additional Chart for More Practice and Technical Analysis Practice 27

Price action comes back to test OSC3 median but could not pass it. A rejection while in the red
is a strong short entry

Caution entering a long after it has broke the trend line as it may get rejected. So, be ready to exit. . Draw
trendline on chart and on the indicator. Wait for pullback

By MaestroMalee
 28

Drawing breakout
lines on your chart
and indicator will help
you find the moves

By MaestroMalee
 29

Do not counter trade (reversal) from top or bottom of

indicators. Let it come down first and make a pullback
or break some SR Look for continuation pullbacks
(double tops and bottoms) and continuation
breakouts.

Here is an example for short continuations breakout

Here is an example for long continuations breakout

By MaestroMalee
 30

after a break of a channel, in the example a pump,

you should be looking for the pullback after (long
breakout). This is the move that confirms and
continues the trend

By MaestroMalee
 31

MTF Technical Analysis

BHXL – Shorter trend and entry, COG or Flat or preset 2 - Medium trend, BHXL Golden Ratio or preset 3 – stronger trend

Draw trendlines & channel on all the oscillators and the chart,

Trade with stronger trend - BHXL Golden Ratio or preset 3 – above trendline look for long & below trendline look for short
Strong Analysis from 12h, 4h, 2h, and 1h

Long MTF Analysis 1h, 30m, 15m, 5m Short MTF Analysis 1h, 30m, 15m, 5m

By MaestroMalee