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TEB sytstem

  • #1,521
  • Jun 12, 2007 8:11am Jun 12, 2007 8:11am
Teb,

I have read all 100+ pages of the thread and am now foward testing what I thought is the teb2 strategy. I really like the idea of using two charts and "KISS". I am under the impression teb2 uses the 4hr chart and 30min chart with a 5,3,3 shochastic and a 14,3,3 schochastic on both charts. Is this correct? In your several of your previous posts you show 4hr and daily channels. Is this something new or did I miss something when I read the posts? Is this teb2? Has using the channels been more successful than schochastics or are you using them together as one strategy?
Not to change the subject, but looking thru the 4 hr charts for 7 major pairs, I get the feeling the pairs are undecided this morning. In many cases the 5,3,3 sk and 14,3,3 sk are not in sync on the 4 hr charts. Am I correct?

Thanks, for all your help and bringing this strategy to this board.

dbcmkx
  • #1,522
  • Jun 12, 2007 8:42am Jun 12, 2007 8:42am
Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 59 KB

Eur/Usd day


We got a battle & a line in the sand .. in fact two
will the line hold.. or break?

TEB
  • #1,523
  • Jun 12, 2007 8:43am Jun 12, 2007 8:43am
Quoting dbcmkx
Teb,

I have read all 100+ pages of the thread and am now foward testing what I thought is the teb2 strategy. I really like the idea of using two charts and "KISS". I am under the impression teb2 uses the 4hr chart and 30min chart with a 5,3,3 shochastic and a 14,3,3 schochastic on both charts. Is this correct? In your several of your previous posts you show 4hr and daily channels. Is this something new or did I miss something when I read the posts? Is this teb2? Has using the channels been more successful than schochastics or are you using them together as one strategy?
Not to change the subject, but looking thru the 4 hr charts for 7 major pairs, I get the feeling the pairs are undecided this morning. In many cases the 5,3,3 sk and 14,3,3 sk are not in sync on the 4 hr charts. Am I correct?

Thanks, for all your help and bringing this strategy to this board.

dbcmkx
Yep!!
  • #1,524
  • Jun 12, 2007 8:55am Jun 12, 2007 8:55am
Quoting TEB63
Attachment
Eur/Usd day


We got a battle & a line in the sand .. in fact two
will the line hold.. or break?

TEB
Hello and thank you for monitoring this thread,

what I will do is, wait for the 1D to cross upwards (hope it happens today) than look for the 4 h to cross up (I know it should be the 4h to looked for in the first place. Than I will trigger it the 30 min.

Hope it works.

regards

Mike
  • #1,525
  • Jun 12, 2007 1:32pm Jun 12, 2007 1:32pm
Attached is what I am seeing by using weekly trendlines. It seems that the EUR/USD has broken out of the channel. Might we see more USD strength?
Attached Image
  • #1,526
  • Jun 12, 2007 3:03pm Jun 12, 2007 3:03pm
Hey TEB, do you see that sweet pinbar/long tail on the 4h for the GBP in overbought territory? Might shoot down. EUR headed down also .
Attached Image
  • #1,527
  • Jun 12, 2007 8:19pm Jun 12, 2007 8:19pm
Quoting vder
Hey TEB, do you see that sweet pinbar/long tail on the 4h for the GBP in overbought territory? Might shoot down. EUR headed down also .

You know the Cable & Euro might be heading in diff directions!

But having said that I think the Euro is way to low
just my thoughts. I have not bought in yet
& I closed the cable when it broke the hour trend line;

TEB
  • #1,528
  • Jun 12, 2007 10:07pm Jun 12, 2007 10:07pm
Hey Teb63, great thread! keep up the good work.

I have to agree with you on the opposite direction thing. I am long EUR and short Cable. Now if I had any guts I would long EUR/GBP, ( as I see the end of wave 3 of C ) but that isn't going to happen

Anyway GL to all,

AZ
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #1,529
  • Jun 13, 2007 6:24am Jun 13, 2007 6:24am
Hey Teb,

When you are taking final profit from the 14,3,3 on the 240, do you wait for a cross or simply the faster line to point in the opposite direction as your signal to get out?
For example, if you were long, would you wait for a cross or wait for the faster line to point down to exit?
Also, do you still take partial profits when the 14,3,3, on the 30 min chart crosses?

Cheers,
Steve
  • #1,530
  • Jun 13, 2007 7:02am Jun 13, 2007 7:02am
I was also wondering about what you said about channels etc. If price is in a down channel then i am assuming that you will only take short signals from the stochs, unless it is at the base of the channel and has plenty of room to travel back up?
If price broke north out of a downward channel, and the stochs on the 240 were crossed up then would you then look for a long entry on the 30?
  • #1,531
  • Jun 14, 2007 7:41am Jun 14, 2007 7:41am
Hi TEB,

still not entered EUR/USD (the crossed 1 day stochs are below the 20% line), I think that if the currnet situation that is a very slow move up/consolidation continues today, than midnight eastern European time (GMT +1) we shall have the 1 day stochs move over the 20% line. Then I will look for any cross up on the 4h chart as long as it does not take place above the 80% line, than just the 30 min trigger and plan on taking a long position. Is my thinking right, or do you see something that might go wrong with this pair?

Appreciate your opinion

Mike
  • #1,532
  • Jun 16, 2007 7:22am Jun 16, 2007 7:22am
Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 47 KB

Eur/Usd Day

TEB
  • #1,533
  • Jun 18, 2007 4:01pm Jun 18, 2007 4:01pm
Hey teb, look at the CHF, there seems to be a pin bar forming which might mean the CHF is heading back up. Usually the CHF and EUR are opposite so you think that the CHF will head back down?

thanks.
Attached Image
  • #1,534
  • Jun 18, 2007 10:24pm Jun 18, 2007 10:24pm
Hey Vder,

Not to stick my nose in but from what I know, this is usally an unreliable PB.
They some times work but probability is low. It's inside of the traffic area. A higher probability trade is when it has move outside of the area of other candles and it is standind alone. I would like for it to be valid, as I am short EUR but I would look for other indications of a turn.
I hope you didn't mind me repling to your post and GT to you.

AZ
I found the guy who keeps losing me money. Its "ME" SHOOT HIM!
  • #1,535
  • Jun 19, 2007 6:44am Jun 19, 2007 6:44am
Attached Image (click to enlarge)
Click to Enlarge Name: eur1.jpg Size: 45 KB

Eur/Usd 4 Hour

TEB
  • #1,536
  • Jun 19, 2007 6:45am Jun 19, 2007 6:45am
Quoting AZ-Heat
Hey Vder,

Not to stick my nose in but from what I know, this is usally an unreliable PB.
They some times work but probability is low. It's inside of the traffic area. A higher probability trade is when it has move outside of the area of other candles and it is standind alone. I would like for it to be valid, as I am short EUR but I would look for other indications of a turn.
I hope you didn't mind me repling to your post and GT to you.

AZ
I agree with you
  • #1,537
  • Jun 19, 2007 5:03pm Jun 19, 2007 5:03pm
Attached Image (click to enlarge)
Click to Enlarge Name: eur2.jpg Size: 45 KB

Eur/Usd 4 hour

Red circle is area of strong R
1. A strong trend line
2. The 200 ema
If it breaks this area it might go for a run!
The next R is way way up

TEB
  • #1,538
  • Jun 19, 2007 6:51pm Jun 19, 2007 6:51pm
Quoting harold4x
i have put the mttf stoc on chart using gbp/jpy which i see as a great weapon for pips even though the stocs look a little distorted looking from 30 min chart values are correct so when daily and 4 hr line up u wait for 30 min for the trigger take a look this trade generated 250 pips
harold i just know that one of these days you are going to learn to use punctuation you know capitalization periods commas because if you don't we don't know where you start a sentence and stop a sentence you know what i mean i appreciate your work here but it may help others to know when one sentence stops you know and when another begins so maybe that could be something that you could work on do you think
  • #1,539
  • Jun 20, 2007 8:49am Jun 20, 2007 8:49am
looks like the Eur/Usd has to brake 1.3434

  • #1,540
  • Jun 20, 2007 7:30pm Jun 20, 2007 7:30pm
TEB you are not using the stochs anymore for confirmation?
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