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TEB sytstem

  • #1,801
  • Jul 11, 2007 12:47pm Jul 11, 2007 12:47pm
Hey teb..nice pin bar coming up. You think its heading back down?
Attached Image
  • #1,802
  • Jul 11, 2007 1:54pm Jul 11, 2007 1:54pm
Attached Image (click to enlarge)
Click to Enlarge Name: cad.jpg Size: 42 KB


CAD 4 hour

TEB
  • #1,803
  • Jul 11, 2007 2:14pm Jul 11, 2007 2:14pm
Quoting nondisclosure00
Can someone point me to the post that says what Channels TEB is using?

I am using day & 4 hour Channels
& 1 hour trend lines ( Some times weekly)

I like to draw them my self so I see what is going on

TEB
  • #1,804
  • Jul 11, 2007 10:19pm Jul 11, 2007 10:19pm
hey TEB...just took at look at the EURGBP and it looks pretty decent and might be back up. what u think?
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  • #1,805
  • Jul 11, 2007 11:14pm Jul 11, 2007 11:14pm
Quoting vder
hey TEB...just took at look at the EURGBP and it looks pretty decent and might be back up. what u think?

Hi,

I was wondering if you are only going along with TEB2 system and haw are you doing with it?

Regards

Mike
  • #1,806
  • Jul 12, 2007 3:31am Jul 12, 2007 3:31am
Any nice trade today?
  • #1,807
  • Jul 12, 2007 7:09am Jul 12, 2007 7:09am

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!

  • #1,808
  • Jul 12, 2007 8:33am Jul 12, 2007 8:33am
Cad closed @ 1.0466

TEB
  • #1,809
  • Jul 12, 2007 8:41am Jul 12, 2007 8:41am
hey TEB, why u close that CAD trade? It might still go down some more!
  • #1,810
  • Jul 12, 2007 8:45am Jul 12, 2007 8:45am
Quoting vder
hey TEB, why u close that CAD trade? It might still go down some more!
It 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

TEB
  • #1,811
  • Jul 12, 2007 9:18am Jul 12, 2007 9:18am
ok nice....for me I am testing a few new strategies using this system. I am watching the 14,3,3 slow curve to see when to get out and that is still pointing down. I am also watching the daily candles/stochs so I will look for a signal there.

I am testing out a 4hr one bar trailing stop. Its manual and I update the stop every 4hrs or so. when one candle finishes, I move the stop a few pips above or below depending on my position. I aint trying to be greedy, just trying to ride the wave and see where it takes me. take care!
  • #1,812
  • Jul 12, 2007 10:30am Jul 12, 2007 10:30am
Quoting TEB63
It 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

TEB
On 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. :-D
  • #1,813
  • Jul 12, 2007 10:42am Jul 12, 2007 10:42am
Closing 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

TEB
  • #1,814
  • Jul 12, 2007 10:45am Jul 12, 2007 10:45am
Quoting JoshDance
On 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. :-D

I will likely get back in again.
but I am away tommorrow & most of next week
so I am playing it a like careful

TEB
  • #1,815
  • Jul 12, 2007 10:56am Jul 12, 2007 10:56am
Quoting TEB63
I will likely get back in again.
but I am away tommorrow & most of next week
so I am playing it a like careful

TEB
Nothing wrong with being careful!
  • #1,816
  • Jul 12, 2007 11:00am Jul 12, 2007 11:00am
Moving TP on the U/J from 123.47 to 122.97
& closed down some of higher lots.

see you guys later


TEB
  • #1,817
  • Jul 12, 2007 11:26am Jul 12, 2007 11:26am
Attached Image (click to enlarge)
Click to Enlarge Name: cad.jpg Size: 39 KB

U/J hour

A bit confusing

day is the Red channel- it is up
4 hour is the blue channel - it is down
hour is black channel - it is up


Target top of the 4 hour chart

TEB
  • #1,818
  • Jul 12, 2007 11:40am Jul 12, 2007 11:40am

Hey 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!

Bagovino
"Skills pay the bill's!"
  • #1,819
  • Jul 12, 2007 11:56am Jul 12, 2007 11:56am
Quoting bagovino
Hey 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!

Bagovino
Hi Bago

This is not an ideal thing at all
I am in the trade now or I would not get in....
don't use this one as how to do it.

I would only get in if the day & 4 hour are going the same way
which they ain't here.

you want to be near the bottom of the two as well
or at least the 4 hour.

I am closing down trades right now - vacation and all
So I am looking for a real safe exit point.

Think it might well go behond that
but I don't want to worry about it when I am away


TEB
  • #1,820
  • Jul 12, 2007 11:59am Jul 12, 2007 11:59am
Quoting TEB63
Closing 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

TEB

looks like the Eur/Chf is going to take out my 1st target at 1.6598
DARN!!! normally I would have waited.

TEB
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