DislikedRichard,
I havent read this whole thread yet - so I ask what determines your Weekly trend and entry signals?
I am partcipating and reading another current thread by TEB - the world simplest system - which uses the 1,2,3 reversal price pattrern and can combine it with a 200ema onto 3 time frames to determine the trend.
So say Monthly and Weekly price are above 200 but daily below 200, then look for a long entry on the daily.
As i undestand it this system is about using Multiple Time frames?
regards
RedIgnored
Hi. You're right about multiple time frames, but the basis is the use of stochastics as opposed to moving averages. You set up two different time charts each with two stochastic oscillators on them, and when the stochs are in agreement, that is all crossed in the same direction, you enter the trade. This a variation of the method first described at the beginning of this thread, but TEB 2 is formulated and discussed here as well. There are certain subleties to reading stochastics that are also discussed throughout this thread that you will find helpful. There is also a short thread on TEB 2 which gives the specifics--- http://www.forexfactory.com/showthread.php?t=61902
Initially TEB 2 was designed to be a day trading strategy, but it seems to adapt well to a swing/position application. Take a look and see what you think.
Cheers,
Richard