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TEB sytstem

  • #1,341
  • May 14, 2007 2:26pm May 14, 2007 2:26pm
hi TEB and people
look at this screenshot. I have setup my 2 monitors and a profile to get a general view of the market. The stockbars v2 are great to instantly see all the stochastics of multiple pairs and multiple timeframes with the Fantastic Stoch_Bars_v2 indicator. So you can see in seconds which pair is best to trade for a determined moment. then you setup your TEB2 system for that pair.. and get some pips.. why not?

for this profile you need STOCH_BARS_V2c indicator... but I don't remember where I got it..... I think in this thread someone posted it but I cannot manage to find it with the search tool of the forum. sorry.

everybody have a great week!

PS: look how interesting is the GBP/USD... 1min is already heading up... 5 min and 10 min are going to cross... 30 min H1 and H4 are charging... Daily and Weekly are in the way to charge...
Attached Image (click to enlarge)
Click to Enlarge Name: overview.jpg Size: 60 KB
Attached Image
Attached File(s)
File Type: zip General view.zip   11 KB | 605 downloads
  • #1,342
  • May 14, 2007 2:30pm May 14, 2007 2:30pm
Hi

If its any help the way you described it in you post is correct.

the penny finally dropped for me only recently , but you have to remember the follwing:

4hr 14,3,3 represents a higher tf than 4hr
4hr 5,3,3 represents the 4hr tf

30 mn 14,3,3 represents a higher tf than 30mn(maybe 1hr)
30 mn 5,3,3 reresents 30mn stoch


S0oooo....

If they all correspond simultaneously, then you have FOUR timeframes telling you which direction price is heading.

it is extremely important that you wait( painfull i know!!) for all stoch moves to establish themselves i.e just below 80 or above 20 and that you wait for the relevant candle too close, to confirm position.

today has been the first day i have operated the method with my new understanding of it and the results are soooo much better.keep in mind how relatively quiet its been today..........

heres todays results:

short g/u +20 pips
short u/chf +5pips
long e/u +8pips
short g/u +33 pips
short usd/cad +23 pips
short gbp/chf +12 pips

And when i didn't follow the above rules today........

short e/j -13 pips
short usd/cad - 1pip

however having just written this and read it back to myself it seems quite impressive but i,m so annoyed with myslf for not following the rules after teb has put in so much time to produce such a simple and excellent method...

so sorry teb i promise to do better...

Bag ...hope this helps

cheers

Rye
  • #1,343
  • May 14, 2007 2:36pm May 14, 2007 2:36pm
What do you use to signal your exits?
  • #1,344
  • May 14, 2007 3:07pm May 14, 2007 3:07pm
Hi

i should start by saying that i,m like a rabid dog with a toy when it comes to pip collection ...i dont like giving them back !!!!

as for exits , most of the time i get out when the 30 stoch crosses the 20,(or 80) sometimes its a bit early but hey ho better safe than sorry.

one other thing i tend to do if its any help is to use part of spuds escalator system ,in as much as , when i get a cross of the stoch at 4 hr ,ithen follow the 30 mn until that crosses in the same direction and then, just to keep my entry tight i go to the 15mn until that crosses ithen follow until either the 30mn cross or occassionally the HR stoch if i dont think the drawdown will be too great and everything is stacking up(and i'm feeling brave)

this is an excellent system but as with any method YOU MUST OBEY THE RULES ,and that is why i like this method so much is because it is so simple that there aren't many rules too follow

but once again YOU MUST OBEY THEM , treat them as you master, and know that if you dont do as your told you will be in some deep doo-doo

how are you getting on?

Rye
  • #1,345
  • Edited 3:30pm May 14, 2007 3:13pm | Edited 3:30pm
Hi there, nice trades, for learning purposes could u tell me what time was your pound shorts, u have two of them, I'd like to go onto chart and see
where u entered, thanks.

Edit: I can't find any trades that could produce how many pips you captured on
pound, I must be doing something wrong, could u pls post your chart so I can see what I'm doing wrong.

Quoting Ryecatcher
Hi

If its any help the way you described it in you post is correct.

the penny finally dropped for me only recently , but you have to remember the follwing:

4hr 14,3,3 represents a higher tf than 4hr
4hr 5,3,3 represents the 4hr tf

30 mn 14,3,3 represents a higher tf than 30mn(maybe 1hr)
30 mn 5,3,3 reresents 30mn stoch


S0oooo....

If they all correspond simultaneously, then you have FOUR timeframes telling you which direction price is heading.

it is extremely important that you wait( painfull i know!!) for all stoch moves to establish themselves i.e just below 80 or above 20 and that you wait for the relevant candle too close, to confirm position.

today has been the first day i have operated the method with my new understanding of it and the results are soooo much better.keep in mind how relatively quiet its been today..........

heres todays results:

short g/u +20 pips
short u/chf +5pips
long e/u +8pips
short g/u +33 pips
short usd/cad +23 pips
short gbp/chf +12 pips

And when i didn't follow the above rules today........

short e/j -13 pips
short usd/cad - 1pip

however having just written this and read it back to myself it seems quite impressive but i,m so annoyed with myslf for not following the rules after teb has put in so much time to produce such a simple and excellent method...

so sorry teb i promise to do better...

Bag ...hope this helps

cheers

Rye
  • #1,346
  • May 14, 2007 3:27pm May 14, 2007 3:27pm
Hit and miss, really. I was trying to use TEB w/ the Sexy Stoch thread. It worked sometimes and not others. Also, I was not being patient enough and letting all the stochs line up. I was jumping the gun and trying to anticipate which way they would go. I need to take your example and wait for them to all show solid set ups.
  • #1,347
  • May 14, 2007 3:32pm May 14, 2007 3:32pm
Here is pound chart,
red line is cross and close of 4hr, blue line is 30 min trigger and would be first valid entry this week as far as I can understand this system, which would be at 1.9804 and max possible pips before stochs on 30 min crossed back up would be approx 10 pips after spread, pls show me what i'm doing wrong.

thanks
westie
Attached Image
  • #1,348
  • May 14, 2007 3:51pm May 14, 2007 3:51pm
my mistake with apologies my eyes are tired....

took the trade at 11.30 buuuuut it was the only trade i took with 3 lots today all other trades were 1 lot so when i was writing i was just dividing profit by 1 lot,,,,

so in fact it was only 11 pips but you must believe me when i say that was still a good day for me....i'm normally totally useless hehe !!!

WCALEM :

Discipline has been my biggest downfall so far (along with MM and stratedgy hehe!!)

however when you realise that the only way to stand afighting chance is to model yourself on success ,then you start to find out what other successful people are doing, and copy them as close as you can.Teb is a success model for me because after two years of searching and learning, his method 'sang to me from the page' and made complete uncluttered sense.but it has taken four weeks of demo and adjusting (SPUD SYSTEM tweaks) to still arrive at the same old barriers to my own success........ME !!

I am only quoting here so dont shoot me but i was once told that there is a Holy Grail in trading but its not a system,method or plan ...IT'S YOU ...

YOU HAVE TO FIND THE DISCIPLINED TRADER WITHIN YOU


T he rest is just rules


any comments .feel free

Rye
  • #1,349
  • May 14, 2007 3:56pm May 14, 2007 3:56pm
Hi emda,

great post..

Here is "the missing indicator".

I also don't remember where I got it here on FF .

Anyhow here it is!




Quoting emda
hi TEB and people
look at this screenshot. I have setup my 2 monitors and a profile to get a general view of the market. The stockbars v2 are great to instantly see all the stochastics of multiple pairs and multiple timeframes with the Fantastic Stoch_Bars_v2 indicator. So you can see in seconds which pair is best to trade for a determined moment. then you setup your TEB2 system for that pair.. and get some pips.. why not?

for this profile you need STOCH_BARS_V2c indicator... but I don't remember where I got it..... I think in this thread someone posted it but I cannot manage to find it with the search tool of the forum. sorry.

everybody have a great week!

PS: look how interesting is the GBP/USD... 1min is already heading up... 5 min and 10 min are going to cross... 30 min H1 and H4 are charging... Daily and Weekly are in the way to charge...
Attached File(s)
File Type: ex4 STOCH_Bars_v2c.ex4   31 KB | 656 downloads
Less is more...
  • #1,350
  • May 14, 2007 4:35pm May 14, 2007 4:35pm
hey man, cool, I'm glad I had it right then, just wnated to make sure i wasn't doing something wrong, I think i've finally got it down, now time to go demo some.

thanks

Quoting Ryecatcher
my mistake with apologies my eyes are tired....

took the trade at 11.30 buuuuut it was the only trade i took with 3 lots today all other trades were 1 lot so when i was writing i was just dividing profit by 1 lot,,,,

so in fact it was only 11 pips but you must believe me when i say that was still a good day for me....i'm normally totally useless hehe !!!

WCALEM :

Discipline has been my biggest downfall so far (along with MM and stratedgy hehe!!)

however when you realise that the only way to stand afighting chance is to model yourself on success ,then you start to find out what other successful people are doing, and copy them as close as you can.Teb is a success model for me because after two years of searching and learning, his method 'sang to me from the page' and made complete uncluttered sense.but it has taken four weeks of demo and adjusting (SPUD SYSTEM tweaks) to still arrive at the same old barriers to my own success........ME !!

I am only quoting here so dont shoot me but i was once told that there is a Holy Grail in trading but its not a system,method or plan ...IT'S YOU ...

YOU HAVE TO FIND THE DISCIPLINED TRADER WITHIN YOU


T he rest is just rules


any comments .feel free

Rye
  • #1,351
  • May 14, 2007 5:25pm May 14, 2007 5:25pm
Does anybody have the .mq4 file for this indicator?


Quoting pipcruiser
Hi emda,

great post..

Here is "the missing indicator".

I also don't remember where I got it here on FF .

Anyhow here it is!
Life is too short to have anything but delusional notions about yourself.
  • #1,352
  • May 14, 2007 5:39pm May 14, 2007 5:39pm
Quoting hoss
Does anybody have the .mq4 file for this indicator?
for more info on this indi, please go here http://www.forex-tsd.com/101702-post92.html
  • #1,353
  • May 14, 2007 7:27pm May 14, 2007 7:27pm
Rye,

In each trade are you always waiting for stochs to enter into the 80+ zone are 20- zone and then come out of these zones or do you sometimes enter in the middle around 50? Thanks - Hoss

Quoting Ryecatcher
Hi

If its any help the way you described it in you post is correct.

the penny finally dropped for me only recently , but you have to remember the follwing:

4hr 14,3,3 represents a higher tf than 4hr
4hr 5,3,3 represents the 4hr tf

30 mn 14,3,3 represents a higher tf than 30mn(maybe 1hr)
30 mn 5,3,3 reresents 30mn stoch


S0oooo....

If they all correspond simultaneously, then you have FOUR timeframes telling you which direction price is heading.

it is extremely important that you wait( painfull i know!!) for all stoch moves to establish themselves i.e just below 80 or above 20 and that you wait for the relevant candle too close, to confirm position.

today has been the first day i have operated the method with my new understanding of it and the results are soooo much better.keep in mind how relatively quiet its been today..........

heres todays results:

short g/u +20 pips
short u/chf +5pips
long e/u +8pips
short g/u +33 pips
short usd/cad +23 pips
short gbp/chf +12 pips

And when i didn't follow the above rules today........

short e/j -13 pips
short usd/cad - 1pip

however having just written this and read it back to myself it seems quite impressive but i,m so annoyed with myslf for not following the rules after teb has put in so much time to produce such a simple and excellent method...

so sorry teb i promise to do better...

Bag ...hope this helps

cheers

Rye
Life is too short to have anything but delusional notions about yourself.
  • #1,354
  • May 14, 2007 8:20pm May 14, 2007 8:20pm
Quoting bagovino
Teb,

Thank you for spending your time anwsering all of our (MY) questions! It's very gracious of you!

Another one for you.... About the 14,3,3 and 5,3,3 getting in and out.

Are you saying you look for the 14,3,3 to cross in your direction first on the 4 hr then the 5,3,3 on the 4hr to confirm and determine direction? Then you go to the 30 min and do the same? 14,3,3 first then take the trade when the 5,3,3 follows?

Thanks,

B.
yep..
but some of them can happen at the same times
but its best when they happen 1.2.3.4


TEB
  • #1,355
  • May 14, 2007 8:24pm May 14, 2007 8:24pm
Quoting wcalem
Hit and miss, really. I was trying to use TEB w/ the Sexy Stoch thread. It worked sometimes and not others. Also, I was not being patient enough and letting all the stochs line up. I was jumping the gun and trying to anticipate which way they would go. I need to take your example and wait for them to all show solid set ups.

can I give some advice ...
pick one system & learn it well!!
if you try to do a few you will not learn or do well.

esp. the two you speak of.
the reason is TEB are standard settings
& the other one well
I still can not really understand where they get the settings from
it may well work I am sure
but the "waves " will not line up

TEB
  • #1,356
  • May 14, 2007 8:39pm May 14, 2007 8:39pm
Hello TEBS

MORE i read, more i understand, even i dont have a change to give my question couse its already ask by other member...533 & 14 33 combine with 30&4H TF is the answer

you are my teacher TEBS even not directly

from deppest of my heart i say thank you very much TEBS
  • #1,357
  • May 14, 2007 10:30pm May 14, 2007 10:30pm
Quoting Westie
london,
the 4hr has to be crossed and moving in the same direction as the 30 min,
so if you get a 4hr cross from below 20 for example, once it passes thru 20 and closes, you then goto 30 min tf and wait for a cross up from below 20 pref, and close, then enter long.
Hi,

Thanks ..when you say "wait for the cross up from below 20 pref" what do you mean by preferably?? you then say " and close" what do you mean by that?

I thought you enter when the 30min stoch breach the 50 line...or is this not the case/
Also I still dont understand what the EMA is on the chart for?

And has anyone developed an automated system for the MT4 platform otherwise you have to watch the screen the whole day...

TEB..Thanks so much for letting everyone share your system, I use a couple of systems but they are not very accurate, so I hope to use yours
  • #1,358
  • Edited 1:49am May 15, 2007 1:03am | Edited 1:49am
Hello All!

Wonderful info from everyone, THANK YOU ALL!

Can anyone confirm that this chart set-up is all
that is needed for the most recent TEB2?

My understanding of ideal Long entry parameters is:

1) H4 14,3,3 Stoch (set to Low/High) slow and fast lines crossing each other below 20 then rising above 20.
2) H4 5,3,3 same.
3) M30 14,3,3 same.
4) M30 5,3,3 same.
Ideally, in order, 1 thru 4 or all together or all together with the next
alignment of Jupiter and Mars. We may have to wait awhile for that last one!

Other indicators (e.g. MA's, TL's etc.) are discretionary.

What am I missing, my friends?:

Best of trading this week!


FXS

P.S. G/U just took off like a rocket upward after all 4 Stochs crossed up
when I took this screenshot (see chart below).
Not from below 20 or in the "right" order though.
Don't you hate it when the market doesn't follow the rules! LOL
Attached Image (click to enlarge)
Click to Enlarge Name: teb2.jpg Size: 107 KB
  • #1,359
  • May 15, 2007 2:52am May 15, 2007 2:52am
[quote]originally posted by hoss

Rye,

In each trade are you always waiting for stochs to enter into the 80+ zone are 20- zone and then come out of these zones or do you sometimes enter in the middle around 50? Thanks - Hoss



Hoss,

you must wait until the stoch leaves the 80 or 20 zone and is in an established path before taking a trade.

good luck - patience is definately the key for the perfect setup.

Rye
  • #1,360
  • May 15, 2007 5:02am May 15, 2007 5:02am
Quoting amir777
hello teb and all

that is my first chart here...

I add some indicators and it looks promising...

1. Trend (0,0,0,0,18,2,18,2000) - need to cross
2. ADX (20)- d+/d- >20
3. trendlines - to confirm.

when all indicators agree and the trendline break/breach thats the point to enter -as u can see- the thin lines with the arrows...
Hi Amir,

Could you please post in this thread, your trend indicator...
Thanks in advance

PDL
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