- #1,243
- May 10, 2007 4:40am May 10, 2007 4:40am
Hi Bago
were the post above for me or spud? you have them named spud
533 simple low/high closed
TEB
You cant do high/low and closed. It's either high/low or closed.
I'm nervous now... I may have had the wrong settings all along!!!!
Which is it??? Please help!
B.
"Skills pay the bill's!"
- #1,244
- May 10, 2007 5:45am May 10, 2007 5:45am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Teb,
You cant do high/low and closed. It's either high/low or closed.
I'm nervous now... I may have had the wrong settings all along!!!!
Which is it??? Please help!
B.
the close is that SMA
the low/hign is the stoch
so its the low/high readings of a 533
close so 5SMA closed & 3 SMA closed
but pulling the readings off the stoch at its low high
or closed/closed
you had high low is that your reading or just a miss print
I think on all MT4 its always L/H
I am not home but I believe that is right
I will be a "real computer" later today or tomorrow & I will check
TEB
Hello Tebs ,i'm new with your sistem,...thanks for sharing this fantastic extradionary simple trading sistem
i folow your thread 2 days ago,so i just read in the the begining, and the most i admire of you is your smile,the KISS,that is somehow influence us ,as a trader for not forget about SMILING
PS:sory for my bad english
i folow your thread 2 days ago,so i just read in the the begining, and the most i admire of you is your smile
,the KISS,that is somehow influence us ,as a trader for not forget about SMILINGPS:sory for my bad english
- #1,250
- May 11, 2007 5:23am May 11, 2007 5:23am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
I am now looking for a reason to buy eur. & cable
I think the big boys are done - or rather have let us go far eneogh
& now they will want to make some money..
need to wait for the signs,
... we have a bounced off the day channel bottom (I only hve oando charts)
if we start up & the stachs say good to go - may well be worth a look
it may start today & really get going next week.
if it does breaks the day/four hour channel we will have a big big drop.
but that would be strange as the USD interst rates are going down
& Eur is going up- Cable rates have already
(on the cable - the Blair thing may have some effect
.. and they only had a .25 % increase many where looking for .50%)
the last few times we have seen this happen a big move in the wrong direction
& in a week or so the pair is where it should be
ie well well + of before the rate increase!!
we will see what will happen
if it is a "dump money train" move or a real correction
when it starts up a target might be 13.695 or 13.680 would be better
but that will take more then a week to get to
TEB
I think the big boys are done - or rather have let us go far eneogh
& now they will want to make some money..
need to wait for the signs,
... we have a bounced off the day channel bottom (I only hve oando charts)
if we start up & the stachs say good to go - may well be worth a look
it may start today & really get going next week.
if it does breaks the day/four hour channel we will have a big big drop.
but that would be strange as the USD interst rates are going down
& Eur is going up- Cable rates have already
(on the cable - the Blair thing may have some effect
.. and they only had a .25 % increase many where looking for .50%)
the last few times we have seen this happen a big move in the wrong direction
& in a week or so the pair is where it should be
ie well well + of before the rate increase!!
we will see what will happen
if it is a "dump money train" move or a real correction
when it starts up a target might be 13.695 or 13.680 would be better
but that will take more then a week to get to
TEB
- #1,251
- May 11, 2007 6:06am May 11, 2007 6:06am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Eur/USD 4 hour
If it breaks this TL I think we will see a big drop
But I have been wanting it to test it
Lets see what happens
(Demos on laptops
)TEB
Erick,
Would you mind sharing your knowlege of trading with stoch's since you said you trade very similar to Teb's.
Would you mind explaining your system. Maybe something there combined with Teb's can even better what Teb has going on here.
Thanks,
Bagovino
I dont want to post here how i trade with the Stoch, TEB63 spend a bunch of hour to help you all in this thread. Follow what it do with TEB2 system. MultiTimeframe is the way to go but anybody who follow this thread already know that anyway.The main reason why i posted here is because i see TEB63 going in many direction trying to find the perfect system and i wanted to tell him he already have one right here.
When i started to trade i was lost in so many system, and at the end (9 month later) i was trading sucessfully the first one hehe.Its easy to get lost in forex like any other market.Bank trader learn to manage money nothing more nothing less , at the university they didnt tell us how to trade lol if they was able to do that , every trader will take the same signal at the same time
.Its why its so important to stick with a system and trying to improve it for the rest of your life.The only indicator i use is a Stoch, dont need others. Some friend of me trade with a CCI, others trade with Macd, everybody is successfull. The reason why its important to not mix too much indicator its if you get 10 signal but 9 of them was in conflict with other indicator and you only took the last signal who was in agreement with all your indicator and your wrong, you maybe only lost 10-20 pips but if you took all the 10 signal and 7-10 was a good one, you make maybe 120 pips, and you lost maybe 35 pips at the end of the day , so 95 pips in profit for one paire. Lost is inevitable, cut it short and you will be fine and your wallet will grow like hell.Money management is the key , even with a 30/70 win ration if you get 7 lost of 15 pips but 3 win of 40 pips , you make money , not alot but its just a exemple of a realy crappy system with market order but you manage your lost and you let the winner run, not the bad one. Gain confidence in your system, you will not be scared to take a trade even if its a loosing one cuz you know your winner will be by far greater than your lossers.
Everybody can trade successfully in forex even if they cant move the market like bank can do.They just need to dont get lost at trying to find the perfect system who do no lost at all and start trading with a good one and stick with it. I explained why the market can move in one direction for no reason, so for the same reason a system cant be right every time.Its why its so important to spend hour and hour and hour to learn how to use your indicator and understand how it react with different type of market.
I hope you all a wonderfull trading day.
Best Regards,
EricFX
P.S sorry for my bad english
- #1,254
- May 11, 2007 1:13pm May 11, 2007 1:13pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hi Bagovino,
I dont want to post here how i trade with the Stoch, TEB63 spend a bunch of hour to help you all in this thread. Follow what it do with TEB2 system. MultiTimeframe is the way to go but anybody who follow this thread already know that anyway.The main reason why i posted here is because i see TEB63 going in many direction trying to find the perfect system and i wanted to tell him he already have one right here.
When i started to trade i was lost in so many system, and at the end (9 month later) i was trading sucessfully the first one hehe.Its easy to get lost in forex like any other market.Bank trader learn to manage money nothing more nothing less , at the university they didnt tell us how to trade lol if they was able to do that , every trader will take the same signal at the same time
Lost is inevitable, cut it short and you will be fine and your wallet will grow like hell.Money management is the key , even with a 30/70 win ration if you get 7 lost of 15 pips but 3 win of 40 pips , you make money , not alot but its just a exemple of a realy crappy system with market order but you manage your lost and you let the winner run, not the bad one. Gain confidence in your system, you will not be scared to take a trade even if its a loosing one cuz you know your winner will be by far greater than your lossers.
Everybody can trade successfully in forex even if they cant move the market like bank can do.They just need to dont get lost at trying to find the perfect system who do no lost at all and start trading with a good one and stick with it. I explained why the market can move in one direction for no reason, so for the same reason a system cant be right every time.Its why its so important to spend hour and hour and hour to learn how to use your indicator and understand how it react with different type of market.
I hope you all a wonderfull trading day.
Best Regards,
EricFX
P.S sorry for my bad english
Hi EricFX
Please feel free to post away!!!
I would love to learn for others!!
TEB
- #1,255
- Edited 2:45pm May 11, 2007 2:31pm | Edited 2:45pm
Hi EricFX
Please feel free to post away!!!
I would love to learn for others!!
TEB
I just posted 5 message and i got 37 private mail asking me alot of thing so ill try to do my contribution to you system in this way.
I wish you a nice weekend
Best Regards,
EricFX
Edit :
will be easier to me to just answer your question than answering question from everybody at once
- #1,257
- May 11, 2007 4:29pm May 11, 2007 4:29pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Erick,
You say the TEB2 system is the way to go. Isn't that the one that uses MA's and not so much Stoch's?
B.
it uses two times frames not 3
TEB
- #1,258
- May 11, 2007 4:34pm May 11, 2007 4:34pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Ill make a Word Document or something like that of what i look when i take a trade cuz i dont have the time to answer alot of question by day. Ill send you my document by email when it will be ready , experiment and if you like something fell free to use it.
I just posted 5 message and i got 37 private mail asking me alot of thing so ill try to do my contribution to you system in this way.
I wish you a nice weekend
Best Regards,
EricFX
Edit :
will be easier to me to just answer your question than answering question from everybody at once
- #1,260
- May 11, 2007 6:13pm May 11, 2007 6:13pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Like TEB63 said, only 2 timeframe and the Stochastic, personaly i dont use MA's but its a personal choice.
Best Regards,
EricFX
Edit:
I said MultiTimeFrame is the way to go, and i pointed to the TEB2 system cuz its similare to what i use.