Hey teb..nice pin bar coming up. You think its heading back down?
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Teb:tweedle-dee System 9 replies
Teb 4MA System 4 replies
TEB simple system 42 replies
TEB trading group 28 replies
DislikedCan someone point me to the post that says what Channels TEB is using?Ignored
Dislikedhey TEB...just took at look at the EURGBP and it looks pretty decent and might be back up. what u think?Ignored
Hey mike o.,
currently I am testing out a hybrid TEB2 using the daily and 1hr and I am entering on the daily & 1hr 5,3,3 crosses. I will also look for the 14,3,3 for confirmation because when they both line up that can be nice!
I have found that when the 5,3,3 and the 14,3,3 line up you potentially can get some big moves so I use the 14,3,3 as sort of an extra confirmation at times and also I am testing it as an indicator for staying in a trade or not. For example, if I take a trade, I will watch the 14,3,3 blue line (slow stoch) to see if that heads into an overbought or oversold area. when it starts to leave that area, I might get out of a trade. this is something I believe TEB said you can try and I think spudfyre mentions it. however, I am just testing that exit technique.
My results right now are win some lose some. I am trying to get to know the system better and to only take the best setups. My problem is sometimes I do not know when the trade is going against me and thus I stay in too long and get burnt. The system has provided some excellent trades though so I am trying to just stick with it because I can see that it has very good potential. To me I think forex is all about choosing a system that you can relate too and try and learn everything about that system. its strengths and weaknesses. The better I get at knowing a system and cutting my losses, the better my results will be. I really like this system. it is so simple to use and makes so much sense to me. let me know how it is going with you mike o. take care!
Dislikedhey TEB, why u close that CAD trade? It might still go down some more!Ignored
DislikedIt might & likely will in time
but I think its way over sold on the 4 hour chart!!
I want to lock in -
greed can be a killer
TEBIgnored
DislikedOn the daily chart cad went oversold on 4/9 or so, and stayed in oversold territory for an entire month -- and during this period fell another 450 pips. Then it took a brief turn up over 20 and shot right back down into "oversold" for an entire month again, until 6/9 or so, to the tune of anoter 500 pips. That's why stochs (on a single TF especially) are pretty useless during a trending market. Better for ranging, when the oscillator can do what it does best--oscillate. :-DIgnored
DislikedI will likely get back in again.
but I am away tommorrow & most of next week
so I am playing it a like careful
TEBIgnored
DislikedHey Teb,
I'm back. I've got my TL drawn and ready to go!
Are you looking for a usd/jpy move up to the top of the 4hr channel?
Can you please post what you see happening on the pairs you trade so I can see if I'm on the same page?
Thanks buddy!
BagovinoIgnored
DislikedClosing Eur/Chf @ 1.6582
-14 lots( diff buy ins) for 172 pips
I have a # of lots on the U/J up a little
may bail as I am away alot the next few days
other then some E/U & & G/U long ternm holdings I don't have anything else
TEBIgnored