DislikedIf you look at gbp/usd 4hr chart on monday 6 aug around 12:00 then you will see a nice little hammer followed by a bullish engulfment. that trade would have given you close to 244 pips depending on where u entered.
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G-Man
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DislikedIf you look at gbp/usd 4hr chart on monday 6 aug around 12:00 then you will see a nice little hammer followed by a bullish engulfment. that trade would have given you close to 244 pips depending on where u entered.
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DislikedI think you mean there was a bearish engulfing pattern yesterday on GBPUSD, unless the time on your chart is significantly different from mine as yesterdays move was down.
G-ManIgnored
QuoteDislikedAnd if you get into a trade too late u risk being part of the group called "Buy on greed, Sell on fear".... meaning by the time you enter the market the big boys are already taking profits....so the market goes against you.....something most part time traders get caught up in on a regular basis.
DislikedMany signals today with the TEB2 method. Also the exits were in line with the exit rules.
Many thanks to TEB and others for all their efforts.
I reached the conclusion that this system is as good as it gets in the FX worldIgnored
Dislikedhey sertio thanks for the reply. When you say you can cheat a bit, can you show me a chart? if they don't need to cross, what do you use as the trigger? a candlestick or some formation?
with regards to the 4hr channel, do you use it with teb2?
thanks.Ignored
DislikedMaybe u didnt now study candlesticks properly or your mentor did not show you how to recognize candlestick formations.
If you look at gbp/usd 4hr chart on monday 6 aug around 12:00 then you will see a nice little hammer followed by a bullish engulfment. that trade would have given you close to 244 pips depending on where u entered.
Eur/jpy. had the exact same formation that would have given u around 161 pips depending where u entered.
Usd/jpy gave you the 3 white soldiers formation...offering 116 pips.
Nzd/jpy had the exact same formation offering you 167 pips.
Aud/jpy had the same formation offering 115 pips.
Usd/cad and Eur/cad and eur/aud had nice bearish engulfments offering between 50 and 100 pips each
Eur/chf has a bullish engulfment offering 50plus pips
Yesterday was a very easy trading day in which you could have made LOTS of pips by just following basic candlestick formations as presented on the 4hr charts.
If i may be so blunt....see if you can find someone trading candlesticks successfully...and sit next to him while he is trading....a whole NEW WORLD will open up to you
anyway candlesticks are not the topic of this thread....i wish u all good tradingIgnored
DislikedYou're right.... candlesticks are not the topic of this thread. And just because some guy named Nisson wrote a book about random candlestick formations and dressed it up by saying Japanese used it to predict rice markets is meaningless.
Candlesticks without volume is pure luck. Show us all your failing candlestick patterns while you gloat of their successes.Ignored
Dislikedhi dear friends
whould u please tell me in which page i can find the complete rules an possible indicators related to this system?
thxIgnored
DislikedI am new to forex and right now just have practice account. Will this work in 3hr interval? My software only lets me choose this or 1hr, 15 min, 5 min, 1 min. Could you let me know.
Many thanks,
KIgnored
DislikedTEB1 is at the beginning of this thread
Teb 2 is @ http://www.forexfactory.com/showthread.php?t=20975
I don't remember where TEB3 is at, but most are using either TEB1 or TEB2Ignored