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Attachments: TEB : BB, Stoch & MACD- 15 & 60 min trading
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TEB : BB, Stoch & MACD- 15 & 60 min trading

  • Post #1
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  • First Post: Edited at 10:44am Mar 14, 2010 9:20am | Edited at 10:44am
Hi

Simple system: Trade it on the 15 min or 60 min charts (or any Time Frame: Need to change the MACD settings)

1. Trend: Use the macd for trend
i. Use the macd from one time frame higher.
ii. I use the setting 48.104.36 (for 15 and 1 hour) so its all on one chart.
You can simply open 2nd chart of one higher time frame if you like .
(5 mim chart and 15min Macd is to fast. 5 min chart and 30 min Macd works as well I find)

2. Enter two lots
A. Trigger: Stoch 9.3.3 & B.bands 20.2.2 settings
To Buy
i. Stoch: over sold and coming out or over the 20line!
ii. Bband: 2 candle entery (at bottom)
1st candle breaks under the B.Bands
2nd Candle is a bull and comes back into the BBand.
(if its close to Bband you might take it ,
esp if BBands are wide. realy I like at lest a touch)

3. Exit
1st. lot when price bounces off the other side of the Bband
Again 2 candle sign. out then in.
2nd. lot when the Macd changes to sell.
(or use the swings, keep moving up the stop lose)
So you might have a number of losts on.
I like to have only a max of two lots that are not in a free trade.
Then add more if I can.

Stop loss:
2 pips below last swing low
and keep moving up SL with every higher swing low

To sell reverse everything

have fun



VERY IMPORTANT!!
when trend reverses wait for a 1 2 3 break higher in the Direction of the reversal
This will save you a lot of money
Later I will post a chart to show you this

Attached Image (click to enlarge)
Click to Enlarge Name: 22.gif Size: 35 KB


teb
How do you use the MACD to denote trend?
Above/ Below zero?
The signal line sloping up or down?

How do you read trend with it?
Quoting billbss
How do you use the MACD to denote trend?
Above/ Below zero?
The signal line sloping up or down?

How do you read trend with it?

I hate the macd on the MT4 and trade oanda
diff macd
it says the same thing

simple cross of the fast over the slow line
here its the blue cloud is faster
red slow

so simply
blue over red up
red over blue down

I do watch the size of the blue cloud of course


cheers

teb
Nice Teb. Looking forward to your insights regarding reversals and waiting for a 123.
hi
nice to see you again


Quoting TEB63
Hi

Simple system: Trade it on the 15 min or 60 min charts (or any Time Frame: Need to change the MACD settings)

1. Trend: Use the macd for trend
i. Use the macd from one time frame higher.
ii. I use the setting 48.104.36 (for 15 and 1 hour) so its all on one chart.
You can simply open 2nd chart of one higher time frame if you like .
(5 mim chart and 15min Macd is to fast. 5 min chart and 30 min Macd works as well I find)

2. Enter two lots
A. Trigger: Stoch 9.3.3 & B.bands 20.2.2 settings
To Buy
i. Stoch: over sold and coming out or over...
is it bands or bbands indicator at the chart???
maybe a set up coming on the 15min eur/gbp at 5pm
buts its very early in the trading week.

tight sl 91
tp 1st likely end up at around 45

I do not like the spread so I will pass

teb
Quoting TEB63
maybe a set up coming on the 15min eur/gbp at 5pm
buts its very early in the trading week.

tight sl 91
tp 1st likely end up at around 45

I do not like the spread so I will pass

teb
Hi TEB63, I am glad to see you posting again. Your many threads have been very helpful to me and I study them a lot. Thank you for the many hours you have spent sharing on FF.

Which methods are you currently finding most useful? - Richard
Quoting drloyd
Hi TEB63, I am glad to see you posting again. Your many threads have been very helpful to me and I study them a lot. Thank you for the many hours you have spent sharing on FF.

Which methods are you currently finding most useful? - Richard
Of the ones I can share here on FF
this is the one I use the most
and a simple 50sma and CCI 10 for reversal ( tops and bottoms)

Teb
Quoting TEB63
Of the ones I can share here on FF
this is the one I use the most
and a simple 50sma and CCI 10 for reversal ( tops and bottoms)

Teb
Thank you.

So you are not finding WSS as useful?
if you took the eur/gbp trade on the 15 min chart
22 pips - the spread on the 1st lot easy


on the eur/usd chard we see a possible trade forming

cheers

teb
Hi Teb,

Excellent system, nice clean and simple, could I possibly ask a question relating to say the 5 and 30 minute charts?

Regarding the MACD settings and stochs, what settings would you recommend if you traded this system based off the 5+30min charts.

Cheers,
Would you please just post a couple more recent trades
would be helpful to make sure everything is understood.

Thanks

Brian
It could be a short play.. and the candle closes near the top
band, it touches it but not over, then on a correct
short setup, price then comes down and closes just below the
bbands...that qualifies, correct?

I mean, it doesn't have to close above the bbands on the
up move before the down confirmation, it can close near
and touch above and vice versa for short, correct?

thanks!

Brian
  • Post #15
  • Quote
  • Last Post: Mar 17, 2010 1:22pm Mar 17, 2010 1:22pm
Just one more..

Are you using a 50sma 10 cci overlay or you mean individually
to help pick tops and bottoms? And if you can post
a trade showing their use as well...how you use them
with this setup.

Much appreciated

Brian

Quoting TEB63
Of the ones I can share here on FF
this is the one I use the most
and a simple 50sma and CCI 10 for reversal ( tops and bottoms)

Teb
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