RSI and TEB BBands Systems

trading for the summer
as its summer and markets are thin, I am only trading
week and day for trend
and
4 hour, 8 hour, 12 hour or day for signals

***trading S/R or S/D or trend lines or even BBands I think is very hard in a thin market
as the MM will run all four- in fact they are great targets.


But the two things no one can fight in forex are....
the fed and the trend so I am trading only trend

the good news in a thin market trends can really move .

This thread is for me and a few friends

1st trade on the bb system
(Not sure where the chart went)

Old Trades set ups
the Eur/Usd - I am up about 130 Dollars
the Aud/Cad - I did not get filled my entry was hit 2 times and I should have been filled

We have some signs jn the A&P and Oil of possible markets turns

lost 520 on this trade

I did not see the basing under my entry
if I had I would killed the entry

Second trade on the Aud/Cad

End of day more positional trades then trend trades.

crazy week did not get back to this
mostly traded oil - was easy to trade !
and was playing
weakness on the GpbChf made almost 2k

only took 5 normal trades with the RSI made almost 600

wil try and post more next week

Hi Mark

thanks for your kind words.

here is my week so far
its been a good week so far me
I am sorry for yours but you do have to use a bigger TF for trend
I also put my best trade of the week

take with you on Friday

TEB

got copper!!

CAD Hit!!

Mark lest let it run!

trading for July 11

got up this morning a lot of changes so I closed all open trades

Opened and closed a S&P trade for Nil
the UsdCad was just an ok trade

Its Fri I am going golfing

Hello Teb63 can you explain the system you are using?
Thanks.

Hi

I really only use 2 or 3 systems
one I like is a S/D & BBand
But
Forex is more a trending and not so much a the S/D market
and as its not a real market the MM run the S/D zones

but when the market is as thin as it is now S/D systems I think are VERY hard to use
So I am using my old standby
go to

TEB 5ema & 12ema and 21 RSI (MTF)

and the basic bones of the system is there
I am finding trend on the 4 hour chart-
and triggers on the 30 mns chart

slow week before the fed chair speaks the next two days

summer week and the fed on - more golf today lol