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TEBTrend lines

  • #1
  • First Post: Edited 7:17am May 9, 2007 6:02am | Edited 7:17am
I am taking a bit of a break this week & next

But as I have been studing the last few weeks
I am convicted Trendlines (TL) are the best way to trade.

I come a cross Jacko website & it was a conformation
I don't want to take over his site.

So I am going to start a new one.
I was starting to do this before I read his stuff
but I may well use some of his stuff
So I want to give him the credit that is his do for his stuff.

on my charts you will see two MA
20SMA blue thin & 200EMA red Thicker
20MA is pip room
200MA to see trend on week, day , 4 hour , hour charts

you will see fib lines in Red
only the 0%- 50% - 100% I have remove the others
I will likely take them form the hour chart
If I take a 2nd one from the 4 hour or Day they will be in Blue

Big black line in the day TL
thin black lines are 4 hour channel lines

blue lines are hour or 30 min lines TL.

I will only be looking at the 3 big pairs
Eur/Usd- Usd/Jpy- Eur/Jpn
The reason is they clearly trend the best

I Will use the Hour TL for in & out
there need to be 3 touchs to form a line
the 50 % Fibs & high & low swings (0 & 100% fibs) form S/R

We will make it up as we go

I am only doing this on Demo at this time
I am still trading TEB2 for real

Charts below are for the Eur/Usd in that order
i. day,
ii. 4 hour,
iii. 1 hour

few add ones
1. I will only trade with the 4 hour channel
2. I will be using candles, candle formations -esp big big tail.
3. I might play with the Usd/Cad & Aud/Usd - But I will stay away from the GPB crosses
4. As the hour trend changes our way I will add more lines as I see 3 points

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: tl2.jpg Size: 43 KB


Attached Image (click to enlarge)
Click to Enlarge Name: tl3.jpg Size: 40 KB


TEB
  • #2
  • May 9, 2007 6:23am May 9, 2007 6:23am
Hi TEB... Congratulation for your new thread.... I thought u r in the right way now. Jacko has succeeded influence a lot of trader here... lol. By the way now I am learn this trendlines too and many times trend lines help me "explained" the market movement whether in mini time frames or higher. Keep posting, hope we all can learn something from your post. Regards, Sopier
  • #3
  • May 9, 2007 6:40am May 9, 2007 6:40am
Quoting TEB63
I am taking a bit of a break this week & next

But as I have been studing the last few weeks
I am convicted Trendlines (TL) are the best way to trade.

I come a cross Jacko website & it was a conformation
I don't want to take over his site.

So I am going to start a new one.
I was starting to do this before I read his stuff
but I may well use some of his stuff
So I want to give him the credit that is his do.

on my charts you will see two MA
20SMA blue thin & 200EMA red Thicker
20MA is pip room
200MA to see trend on week, day , 4 hour , hour charts

you will see fib lines in Red
only the 0%- 50% - 100% I have remove the others
I will likely take them form the hour chart
If I take a 2nd one from the 4 hour or Day they will be in Blue

Big black line in the day TL
thin black lines are 4 hour channel

blue lines are hour or 30 min lines TL.

I will only be looking at the 3 big pairs
Eur/Usd- Usd/Jpy- Eur/Jpn
The reason is they clearly trend the best

I Will use the Hour TL for in & out
there need to be 3 touchs to form a line
the 50 % Fibs & high & low swings (0 & 100% fibs) form S/R

We will make it up as we go

I am only doing this on Demo at this time
I am still trading TEB2 for real

Charts below are for the Eur/Usd
i. day,
ii. 4 hour,
iii. 1 hour in that order

Attachment

Attachment

Attachment

TEB
Can you please post a link to "Jacko website" that you mention?
  • #4
  • May 9, 2007 6:43am May 9, 2007 6:43am
http://www.forexfactory.com/showthread.php?t=27286
  • #5
  • May 9, 2007 9:19am May 9, 2007 9:19am
Attached Image (click to enlarge)
Click to Enlarge Name: tl4.jpg Size: 39 KB

Eur/Usd 60

This trade is going al right

I moved up the high low swings

I also put a trade on in the Eur/Jpy
at 162.20

TEB
  • #6
  • May 9, 2007 4:45pm May 9, 2007 4:45pm
TEB...
remember a better trendline is the one with more touch points.... this one with only 2 points is weak...
also.. the other one.. the black one you have... has the last touch point... very far away from the current price.. making it weak also... I'm expecting the euro to go down.

Trendlines, combined with pivots levels are great
  • #7
  • May 9, 2007 5:08pm May 9, 2007 5:08pm
Quoting emda
TEB...
remember a better trendline is the one with more touch points.... this one with only 2 points is weak...
also.. the other one.. the black one you have... has the last touch point... very far away from the current price.. making it weak also... I'm expecting the euro to go down.

Trendlines, combined with pivots levels are great

Thanks for the advise
but it had 3
I would not even call it a TL with out 3
see the 3 arrows 3 touches.

I don't do P.Points simply because now there are too many kinds
2 years ago I did them & I was studing 3 guys ...
all three were teaching P.P.
but all three where using diff one & claiming they where right,
& some time they where but most times they where not...
it works out to about 31% of the time they are right ...
that is the best one which is 5 pm EST
12 midnight EST is right about 23%
& the 3rd one 9pm I never figured out but it was less.
I like systems with higher win rates that that ...
the same goes with fibs
other then the 100% 50% 0% the win rates are too low for my liking.

but if they work for you great stuff!!!!

you might see the euro go up!
The big boys might run it a little but it just might go up
we will see

look luck

TEB
  • #8
  • May 10, 2007 6:38am May 10, 2007 6:38am
Quoting TEB63
Thanks for the advise
but it had 3
I would not even call it a TL with out 3
see the 3 arrows 3 touches.

I don't do P.Points simply because now there are too many kinds
2 years ago I did them & I was studing 3 guys ...
all three were teaching P.P.
but all three where using diff one & claiming they where right,
& some time they where but most times they where not...
it works out to about 31% of the time they are right ...
that is the best one which is 5 pm EST
12 midnight EST is right about 23%
& the 3rd one 9pm I never figured out but it was less.
I like systems with higher win rates that that ...
the same goes with fibs
other then the 100% 50% 0% the win rates are too low for my liking.

but if they work for you great stuff!!!!

you might see the euro go up!
The big boys might run it a little but it just might go up
we will see

look luck

TEB
I'm only experimentong with pivots points now. You are right... it's difficult to decide on pivot points... but with help of trend lines... can be better... they act as levels of support and resistance.

about your 3 arrows... I see.. but there is a lower low.. between them.. so I would have drawn the trend line with that lower one... so only 2 points...
any way.. the euro is still going down is seems to have broken that little trend.. and once a trend is broken down... price goes back up and find resistance in it and bounces down again... I hope !
  • #9
  • Edited 7:28am May 10, 2007 7:09am | Edited 7:28am
this is the trend line i see in the eur... it can bounce up yes...
because its true that it borke your trendline down... but it had little slope... and now it hits a stronger trendline
time to get the profits... maybe it's not going more down...
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  • #10
  • May 10, 2007 7:29am May 10, 2007 7:29am
or maybe as I put here... it bounces up ant finds resistance in the big one(red)... coming from long ago... and bounbces down more and more if it is true that the euro is now in down trend as my weekly stochastics would say. but it's still soon.

What do you think ?
Attached Image (click to enlarge)
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  • #11
  • May 11, 2007 3:12am May 11, 2007 3:12am
Quoting emda
I'm only experimentong with pivots points now. You are right... it's difficult to decide on pivot points... but with help of trend lines... can be better... they act as levels of support and resistance.

about your 3 arrows... I see.. but there is a lower low.. between them.. so I would have drawn the trend line with that lower one... so only 2 points...
any way.. the euro is still going down is seems to have broken that little trend.. and once a trend is broken down... price goes back up and find resistance in it and bounces down again... I hope !
The low you speak of--
But the candle close above so I would call this a good 3 points.
& I like that there is space between them
if you drop to the 30 min you had quite a few touchs

But I am just playing with this system

Personal with 3 interst rate things this week I have not been trading
But it looks to me like the eur is now bounce off a TL..
if it breaks it you will be right for sure
but I am now looking to buy!!

TEB
  • #12
  • May 11, 2007 4:09am May 11, 2007 4:09am
Quoting emda
or maybe as I put here... it bounces up ant finds resistance in the big one(red)... coming from long ago... and bounbces down more and more if it is true that the euro is now in down trend as my weekly stochastics would say. but it's still soon.

What do you think ?
Here is how I see the day chart

Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.jpg Size: 57 KB

EUR/USD

TEB
  • #13
  • May 11, 2007 4:14am May 11, 2007 4:14am
& the big picture if it breaks is!!!!

Attached Image (click to enlarge)
Click to Enlarge Name: chart 2.jpg Size: 66 KB

Eur/usd Day

TEB
  • #14
  • May 13, 2007 2:07pm May 13, 2007 2:07pm
do you think a channel starting in 2005 is still valid?
  • #15
  • May 13, 2007 2:30pm May 13, 2007 2:30pm
Quoting emda
do you think a channel starting in 2005 is still valid?

Day channel until it brakes- why not?
I have seen channel older then that
want to see the swings highs & lows!
as long as they are in place fore sure!!

But I an using the small 4 hour channel to trade

TEB
  • #16
  • Last Post: Jan 29, 2008 9:26am Jan 29, 2008 9:26am
I see there was a trend from the end of december on EJ [daily chart]
Same on 4H, then broken and another trendline formed above.

On 1H i placed Fibs, What then? [i like retracment on 50%]
So what now?
Long from 159.30, or
Short from 1.5478, or 1.5190


Personally i would pick long...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpy 2.PNG Size: 16 KB
Click to Enlarge Name: eurjpy 3.PNG Size: 21 KB
Attached Image
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