Just had all my Euro trades from yesterday
taken out At 1.3630
TEB
taken out At 1.3630
TEB
- #1,722
- Jul 6, 2007 9:17am Jul 6, 2007 9:17am
Amazing!!! I have seen now a best logical forcast within short time, well done TEB63. 
To one and all
With NFP throw out the stochs & even the 4 hour channel out the window.
This is where the big boys steal everyones money
in the USA people have beer parties in hotels & "bet" on this.
it is wild.
But in the end of the day it changes nothing
90% everything is back to the same Monday or before.
I think the cable & the Euro will keep moving up to 1.37 & even 1.4
& this is just a buying chance.
The reason I took 2.0125 is it was the bottom of the 4 hour channel
I think it will brake it... but at the very least it will test it
But I could be wronge!!
TEB
- #1,723
- Jul 6, 2007 9:31am Jul 6, 2007 9:31am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
There goes all my Cable Trades
I think it will keep going up but I don't need to be greedy
I am done for the week !!!
I was very very luck this week I got every trade- right!!
That is the power of the trend & channels
BUT its not like that every week
any questions I will be back in 15 mins
other wise have a great week
TEB
I think it will keep going up but I don't need to be greedy
I am done for the week !!!
I was very very luck this week I got every trade- right!!
That is the power of the trend & channels
BUT its not like that every week
any questions I will be back in 15 mins
other wise have a great week
TEB
- #1,725
- Jul 6, 2007 9:45am Jul 6, 2007 9:45am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hey Teb,
I read the thread last night and drew all my trendlines and channels where i could today. When i saw cable didn't break the 4hr , i got in about the same time at you at 63. Did the same on the EURO and closed both for a load more pips than i'm used too.
Thanks for the thread and its evolution, i'm using stochs now and will see how it goes, thanks.
teb
There goes all my Cable Trades
I think it will keep going up but I don't need to be greedy
I am done for the week !!!
I was very very luck this week I got every trade- right!!
That is the power of the trend & channels
BUT its not like that every week
any questions I will be back in 15 mins
other wise have a great week
TEB
I am also good this week on 11 trades I took, 9 were profitable, one break/even and one loss
.Thank you TEB
Mike
- #1,729
- Jul 6, 2007 1:55pm Jul 6, 2007 1:55pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Congrads to all who made profits, and thanks TEB for sharing your knowledge. What seems to confuse me is the way the channels are drawn. I always used to think that in an uptrend, you put a line through two higher lows as your base and put a parallel to it on the highest high (opposite for the downtrend), but from the screens posted on this thread I've seen all sorts of ways. So, this brings me to a conclusion that I don't quite understand the theory of channel drawing. Could anyone post an explanation or a link where there is a clear and precise explanation on how to draw channels correctly? Thank you.
Cable 4 hour
Sure
arrows are touches
yellow area is where we have a good channel formed
in an uptrend
the bottom of the channel is the important line
if it breaks you want out
if the top breaks its proffits
so you want at least 3 touchs on it - tails or bodies
and atleast 2 on the top (3 are better of coarse)
in a down trend the opp. is true
TEB
- #1,730
- Jul 6, 2007 2:41pm Jul 6, 2007 2:41pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hi TEB,
Just joining the fun on your thread! Started reading from the beginning the other day. BOY ITS LONG. So, I skipped ahead starting yesterday. It's staying power may be a testimony to the value it has. Thanks for sharing your trading with all of us.
It seems that your trading has evolved since the beginning days. Will you please post a summary of how you are trading nowadays so I can better follow along? A couple of posts really got my attention...
You mentioned focussing more on channels and using indicators (Stoch) as a secondary thing. Also, are you looking more and more on the topdown analysis using the weekly, daily, 4hr charts?
(Hey, how do you post a chart? Will someone be so kind as to tell me how to do that. Thanks!)
I always begin at - atleast with the week - I will go to the month if I need to.
pro trade have what they call the "4" And like 90% use it
in stoch, bonds , grains, gold - you name it & it is the standard
& it works the best in 4X for sure because 4X is the best trending of them all
simpley put it is -
the week, the day, the 4 hour, the hour.'
It is what is tought on wall street as the "right way to trade"
other stuff is added but it is the base!
and once you understand it it make trading very doable
TEB
- #1,734
- Edited 1:44am Jul 7, 2007 1:27am | Edited 1:44am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Usd/Mex 4 hours
All the best trades all say the way to trade is find a good set up
- simple is better
& one trigger
it's more about money mamagement .
where we see it
1. the set up
price down
in both the day & 4 hour channel (top two arrows)
2. trigger (bottom two arrows)
a. 533 stoch turning down
b. big tail
c. or candle formations
TEB
- #1,735
- Jul 7, 2007 1:52am Jul 7, 2007 1:52am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Usd/Mex Day
The day view of the chart to see day channel
arrows are touchs
TEB
- #1,736
- Edited 7:08am Jul 7, 2007 6:28am | Edited 7:08am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
hey teb...i keep missing those nice moves, I guess i need to be awake during the euro session. Tell me, how do you determine if something is ranging and therefore don't trade.
take care.
truth is I really don't care. if I have both channels going the same way
let it range- I will jump into a ranging market when the trigger gives me the okay
SL 10 pips beyond the wrong side of the channel
...ie the botton in an up channel-
70-90% of the time a ranging market still goes with the prevaling trend.
2.what are the hours you are trading? Asian hours are great just quiter
you want to be going when London & New York are open they are the big player
esp. London of coarse
TEB
I have alway done top down I believe it is by far the best.
I always begin at - atleast with the week - I will go to the month if I need to.
pro trade have what they call the "4" And like 90% use it
in stoch, bonds , grains, gold - you name it & it is the standard
& it works the best in 4X for sure because 4X is the best trending of them all
simpley put it is -
the week, the day, the 4 hour, the hour.'
It is what is tought on wall street as the "right way to trade"
other stuff is added but it is the base!
and once you understand it it make trading very doable
TEB
Hi TEB, thank you for sharing your wisdom and knowledge of your MTF channel/trend method.
Regards to channel drawing, I've been very pleased with SHI channel indicator. And I was wondering if some one can modify the program so that it can be used as MTF, just like what IVY has done with his MTF Stochastic indicator.
It could save us so much time if we can have MTF channels (Weekly, Daily, 4H & 1H) drawn automatically with this indicator.
TIA,
Andy Lee
- #1,738
- Jul 7, 2007 6:59pm Jul 7, 2007 6:59pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
I think
1. cable has upside!
2. Usd/Jpy has upside
TEB
1. cable has upside!
2. Usd/Jpy has upside
TEB
