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30 min chart
likely be able see this one!
Teb:tweedle-dee System 9 replies
Teb 4MA System 4 replies
TEB simple system 42 replies
TEB trading group 28 replies
DislikedHi Teb,
nice approach, I also use 3 TF's simultaneously on one screen M1, M15 or 30 and H4 but mainly use fibos. I'm trying to adapt your stoch metod, maybe EMAs also to find daily trend and not play against it.
Do I get it right that for example let's take yesterday on Cable (I only trade Cable), Daily stoch shows uptrend in March, yesterday stoch signaled @ 0300 GMT on M30 and H4 so this would be your entry point? When do you exit? Would you take another trade @ 1000 and 1500 GMT?
How many pips do U scalp each trade and how many trades per day do you get (arrows = trades??)? I'm tired of catching 100+ pips moves per day and now i look for quick trades, jump into running train with 25 pips TP and get out at the first train station Wait for another. Just not to get caught without a ticket
Best regardsIgnored
Dislikedlast-- the trend thing add a slow stoch at setting 14,3,3 & only trade with it
it will be right 85% its to slow to be a trigger but will save your bacon.
doing fibs & ems & stoch???? - stay with one
I don't like fibs to much work but if you like them great go with it !Ignored
DislikedUh oh, before you know it, the one indicator system is going to start having multiple indicators on it. Fibo's and channels, it will soon be SRDC all over again.
The best exit strategy is taking positive pips.Ignored
DislikedHeh yeah but it still is simple and plain, when I see people posting screens where 1/8 is the chart and rest is full of indicators that's ... hmmm messy
Focus on your favorite indicator but why don't help yourself with basic AT like Elliot waves, trendlines, channels, triangle formations or candles? These are simple to observe and only thing is, that you just have to be aware of themIgnored
DislikedTEB you have a wonderful concept going with the different time frames. One thing I have a question/concern about. On your higher chart, daily in this example, wouldn't you want to use a some type of trend tool (ma, macd, sar) to see what direction the trend is or if it is sideways, then use an oscillator on the mid time (4 hour) to get a signal from stoch or %R, then make your entry on the 30 min again with the trend tool once price was going in the direction of the big trend? I noticed using all oscillators on a strong trend will just max out all of them at overbought and give a sell signal while the market is moving up. I was thinking, if you used a trend tool on biggest time frame to see direction and if it was sideways, then use stoch, otherwise use the direction of your trend tool. Then confirm it on the mid time with stoch in the direction of the big trend, and get your entry on the small time again with a trend tool signal. Just an idea, what do you think?Ignored
DislikedI'm as guilty as anyone, I'm using a 25 LWMA +/-50 from tkimble to let me know where I am in the trade. (But, I didn't just write that here.) BTW it makes a nice channel too. (I didn't write that either).Ignored
DislikedHey guys
The thread's name was changed from when I began it,
& I really didn't like the name it was changed to.
- what I was trying to do in this thread was to speak about multi- time frames.
I said from the start one or two tools were all the big boys use.
I also said the big boys look for a set-up & then use one tool as a trigger.
so that might be 3 tools total.
The set up I think should be simple -
I think it is best & easiest to use that way- I only use 3 tools most of the tiime.
but if the set up uses fibs great ( I think the 50% is very powerful personally)
or E. Waves so be it. or even pp
(which I wouldn't use personly because their are so many sets at anyone time of them)
my point was not that tools were bad rather they are 2nd to time frames.
and I wanted to showed you can have a great system with just one tool
and a number of time frames -that was the pointIgnored