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TEB sytstem

  • #2,061
  • Aug 3, 2007 1:56pm Aug 3, 2007 1:56pm
The channel format is a part of a template that was originally developed for Orange Roshnan's SRDCII system (check the thread, lots of good stuff there). Much of the method is about channels and price movements in the channels.

The channel I've used is a Fib channel, and when the template is activated, the additional lines are automatically drawn in the channel.

You can use additional lines (or the four quartals) for openings. FOr instance, don't open a buy position if the price in topmost quartal during uptrend, even if other indicators like stochs would propose that. Or, whenever the lowest quartal is entered during uptrend, open a buy position.

Lines can also be used for exits, e.g. close half of your position when the middle line is crossed, and let the rest run.

The SRDCII method description contains a collection of rules that can be applied with the template.

R

Attached File(s)
File Type: pdf SRDC_Level_II-V2.pdf   856 KB | 2,782 downloads


Attached File(s)
File Type: tpl srdc_level_ii_daily template.tpl   7 KB | 521 downloads


Quoting masterpiecefx
Rocroy, on your charts you're using a lot of lines for your channels, could you please explain a little what is the principle of drawing them or it's just an indicator that does them for you automatically? Thnx.
  • #2,062
  • Aug 3, 2007 4:08pm Aug 3, 2007 4:08pm
Quoting tdion
TEB,

Where is your volume indicatory for GBP/USD coming from? Is it ECN volume, or some sort of calculation?

Thanks,
Tom
MT4 has it on the platform
- but it's tick Vol not real Vol.


TEB
  • #2,063
  • Aug 3, 2007 8:50pm Aug 3, 2007 8:50pm
Hi Teb,

This is a copy of a recent trade using teb3 on a daily basis,and 4 hourly for signals. Love it.

Thanks for your input.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: chart5.jpg Size: 80 KB
  • #2,064
  • Edited 2:50am Aug 4, 2007 2:26am | Edited 2:50am
Papertraded TEB3 on euro. Trading was started on 02/09/2007 when the weekly trend turned up and continued up till now. Used W/D/4hr TFs.

The potential of trading on daily chart was 1649 pips, of which TEB3 was able to capture 514 pips, about 30% of the potential. Montly average is about 85 pips.

The main problem of the system is that it reacts slowly to trend changes. If you only look at the MA lines and crosses, everything looks good, but in real life price may be far far away from the MA like in the example exit.

R

Attached Image (click to enlarge)
Click to Enlarge Name: euro.jpg Size: 52 KB


Quoting Flamenco143
Hi TEB,
Yeah - and I like it alot! Presently backtracking on trades w/various pairs.
Looks real good! Still confused tho whether I want to go W/D/4hr or D/4r/30
which also looks promising!
  • #2,065
  • Aug 4, 2007 2:22pm Aug 4, 2007 2:22pm
Quoting Rocroy
Papertraded TEB3 on euro. Trading was started on 02/09/2007 when the weekly trend turned up and continued up till now. Used W/D/4hr TFs.

The potential of trading on daily chart was 1649 pips, of which TEB3 was able to capture 514 pips, about 30% of the potential. Montly average is about 85 pips.

The main problem of the system is that it reacts slowly to trend changes. If you only look at the MA lines and crosses, everything looks good, but in real life price may be far far away from the MA like in the example exit.

R

Attachment
R,

that's the same problem I ran into w/ it. What if, we used 1433 and 533 stoch for entry (or just one of them) then cross on the MA's that TEB uses in his TEB3 system for the exit?

Thoughts?
  • #2,066
  • Aug 5, 2007 8:18am Aug 5, 2007 8:18am
I agree with you on this
But
1. You don't need to get the whole move to win
2. The Ma & stoch idea I am also playing with (- !?)
3. TEB1 & channels is still my main system
4. TEB3 works as a second & when it works it works great
but you do have a lot of false hits

TEB
  • #2,067
  • Aug 5, 2007 12:01pm Aug 5, 2007 12:01pm
The message probably came out a bit too harsh. We need to keep in mind that TEB3 is a winning system, which requires only a small amount of effort to be run. Unlike many other systems presented in this forum, it is also explicit, and the results are repeatable. Applied to four main pairs, it is likely to give some 300-400 pips per month. Not bad at all...

I'm personally more fond of TEB2. When it is combined with channels (which can overcome TEB2 difficulties during strong, longlasting trends) the results can be really good. Channels (or trendlines), when properly used, is imo the only indicator that is capable of really forecasting future price development. All the others are more or less documenting what has happened, ie what the price did.

The problem with channels is that they are subjective, and difficult to determine when trend is chaning. I'm still developing TEB2-channel rule set for my purposes.

R

Quoting TEB63
I agree with you on this
But
1. You don't need to get the whole move to win
2. The Ma & stoch idea I am also playing with (- !?)
3. TEB1 & channels is still my main system
4. TEB3 works as a second & when it works it works great
but you do have a lot of false hits

TEB
  • #2,068
  • Aug 6, 2007 6:38am Aug 6, 2007 6:38am
i read this thread the past weekend and here is some feedback. Toay monday 6 aug the gbp/usd moved almost 100 pips before your signals were confirmed on 4hr and 30mins charts. You still would have made 20-40 pips nevertheless, but following this system one missed the bulk of the move. If you can find something to get u in the trade earlier then u wud have something workable here.

Best of luck with this system

ps....nothing beats price action...if you noticed the shooting star on the 4hr chart you would have made 120 pips already....but i assume u did since i also read that u like taking note of candlestick formations.....
  • #2,069
  • Aug 6, 2007 11:52am Aug 6, 2007 11:52am
Quote
Toay monday 6 aug the gbp/usd moved almost 100 pips before your signals were confirmed on 4hr and 30mins charts. You still would have made 20-40 pips nevertheless, but following this system one missed the bulk of the move. If you can find something to get u in the trade earlier then u wud have something workable here.
Your goal shouldn't be to capture all the pips from all the moves, but to have confidence that once you're in a trade, you're gonna get it right. There is no systems in the galaxy that will capture all the market moves, not even price action itself.
Trax Tibidax Tibidox...
  • #2,070
  • Aug 6, 2007 12:41pm Aug 6, 2007 12:41pm
TEB2 proposed two shorts, at 393 and 440. So, that gives you nice 233 pips, now that price is at 300. Trades are still open, and price is still coming down...

The problem with candle formations is that all depends how the price movements are allocated on the timescale. So, sometimes you can find a shooting star, sometimes not with same data but in different place on the timescale, and sometimes shooting star shoots up, sometimes down...

R


Quoting iandekoker
i read this thread the past weekend and here is some feedback. Toay monday 6 aug the gbp/usd moved almost 100 pips before your signals were confirmed on 4hr and 30mins charts. You still would have made 20-40 pips nevertheless, but following this system one missed the bulk of the move. If you can find something to get u in the trade earlier then u wud have something workable here.

Best of luck with this system

ps....nothing beats price action...if you noticed the shooting star on the 4hr chart you would have made 120 pips already....but i assume u did since i also read that u like taking note of candlestick formations.....
  • #2,071
  • Edited 1:54pm Aug 6, 2007 1:23pm | Edited 1:54pm
[quote=iandekoker;1525274]i read this thread the past weekend and here is some feedback. Toay monday 6 aug the gbp/usd moved almost 100 pips before your signals were confirmed on 4hr and 30mins charts. You still would have made 20-40 pips nevertheless, but following this system one missed the bulk of the move. If you can find something to get u in the trade earlier then u wud have something workable here.


Knowing this was a news release spike I was following it on the 30 min chart (and 15) just to see where it was going. I got in at 2.0390 on the opening of the second bear candle and rode it down to 2.0300. TEB3 has sure made me a happy camper! I am using TEB3 with 4hr/1hr/15 which is a little different from the original TEB3 strategy. It just works well for me to have my time frames in 1/4 increments as I get a better feel for the trend. But I will check frequently the 30 min for continued angle and seperation! TEB has made me comfortable in my trading that no other strategy has ever done!
  • #2,072
  • Aug 6, 2007 3:02pm Aug 6, 2007 3:02pm
[quote=Flamenco143;1525892]
Quoting iandekoker
i read this thread the past weekend and here is some feedback. Toay monday 6 aug the gbp/usd moved almost 100 pips before your signals were confirmed on 4hr and 30mins charts. You still would have made 20-40 pips nevertheless, but following this system one missed the bulk of the move. If you can find something to get u in the trade earlier then u wud have something workable here.


Knowing this was a news release spike I was following it on the 30 min chart (and 15) just to see where it was going. I got in at 2.0390 on the opening of the second bear candle and rode it down to 2.0300. TEB3 has sure made me a happy camper! I am using TEB3 with 4hr/1hr/15 which is a little different from the original TEB3 strategy. It just works well for me to have my time frames in 1/4 increments as I get a better feel for the trend. But I will check frequently the 30 min for continued angle and seperation! TEB has made me comfortable in my trading that no other strategy has ever done!
Flame,

Can you keep us up to date on how your trading goes? I was thinking the same TF's as you are, but exiting on the 4hr.

thx!
  • #2,073
  • Edited 3:27pm Aug 6, 2007 3:14pm | Edited 3:27pm
[quote=nondisclosure00;1526052]
Quoting Flamenco143

Flame,

Can you keep us up to date on how your trading goes? I was thinking the same TF's as you are, but exiting on the 4hr.

thx!
Flame
I also seriously consider exiting on the 4hr. Sometimes I would have had more pips getting out at a 1 hr crossover, other times at the 4 hr. Right now it's about/50/50 and the jury is still out.

There's of course more exits & re-entries with the 1 hr, but pips in the pocket is what it's all about. Probably it just boils down to what psychologically is comfortable for you.

The bottom line is once you have a winning strategy (which all of the TEB strategies are) with a good percentage of positive trades I have reached the conclusion that the # of pips gained on one over the other may be irrelevant! Splitting hairs can drive you crazy! I can tell you that I originally started trading with 1 lot - and now I enter with 3 lots per trade. My account is growing better now than it has done in the past 3 years!

'Trading Naked' (no indicators - other than EMA's) wound up to be the smartest move I ever made! With TEB's systems fear and greed no longer rear their ugly heads and determine when I pull the trigger and when I exit. Actually, the forex has become fun, something I have'nt experienced in a long time!
  • #2,074
  • Aug 6, 2007 3:16pm Aug 6, 2007 3:16pm
Quoting TEB63
TEB3 SIMPLE

1. Remove everything from your charts ....I mean everything!!
2. Add two sma 4 closed (Blue) sma 5 open (red)
(if you don't have open & closed then 3 &7 SMA works also)
3. move to the weekly chart get trend (blue & red lines )
4. move to the daily charts to get triggers ( pink arrows)
5. move to the 4 hour to get comformation ( black arrows)
3rd charts

week charts- you see trend blue & red lines only go with them
day charts - are triggers ( pink arrows) & stops (Pink "X")
4 hour - conformations of buy/sell (black arrows)
you want all 3 going the same ways

you are in and out on the day charts.
when the weekly turns you are out big time
you can take 1/2 when the 4 hour turns
or add to your trade when the 4 hour goes the way you want
SL atlease 50pips
TP let it ride.
you will have small loses - & big wins

its that simple.

Attachment
weekly

Attachment
daily

Attachment
4 hour

TEB
So TEB, in this system, the candle that your working off of on the week chart is the current candle, not the last one formed, right?
  • #2,075
  • Aug 6, 2007 8:49pm Aug 6, 2007 8:49pm
Quoting nondisclosure00
So TEB, in this system, the candle that your working off of on the week chart is the current candle, not the last one formed, right?

always the last one formed.
(if its really really late in the week you might cheet a little
but you have to be careful because sometimes on friday you can have a big pull back)

TEB
  • #2,076
  • Aug 6, 2007 8:52pm Aug 6, 2007 8:52pm
[quote=Flamenco143;1526079]
Quoting nondisclosure00
Flame
I also seriously consider exiting on the 4hr. Sometimes I would have had more pips getting out at a 1 hr crossover, other times at the 4 hr. Right now it's about/50/50 and the jury is still out.

There's of course more exits & re-entries with the 1 hr, but pips in the pocket is what it's all about. Probably it just boils down to what psychologically is comfortable for you.

The bottom line is once you have a winning strategy (which all of the TEB strategies are) with a good percentage of positive trades I have reached the conclusion that the # of pips gained on one over the other may be irrelevant! Splitting hairs can drive you crazy! I can tell you that I originally started trading with 1 lot - and now I enter with 3 lots per trade. My account is growing better now than it has done in the past 3 years!

'Trading Naked' (no indicators - other than EMA's) wound up to be the smartest move I ever made! With TEB's systems fear and greed no longer rear their ugly heads and determine when I pull the trigger and when I exit. Actually, the forex has become fun, something I have'nt experienced in a long time!

take 1/2 on the 4 hour cross & let the other 1/2 ride if you like.

I get in when the 4 hour confirms
but normally lets it ride till the day crosses against me
unless its a big win ( like a 100-120 pip) a then I take 1/2

TEB
  • #2,077
  • Aug 6, 2007 11:59pm Aug 6, 2007 11:59pm
How do you use the 15M chart for entering, or is it necessary to check that at all?

R

[quote=Flamenco143;1526079]
Quoting nondisclosure00
Flame
I also seriously consider exiting on the 4hr. Sometimes I would have had more pips getting out at a 1 hr crossover, other times at the 4 hr. Right now it's about/50/50 and the jury is still out.

There's of course more exits & re-entries with the 1 hr, but pips in the pocket is what it's all about. Probably it just boils down to what psychologically is comfortable for you.

The bottom line is once you have a winning strategy (which all of the TEB strategies are) with a good percentage of positive trades I have reached the conclusion that the # of pips gained on one over the other may be irrelevant! Splitting hairs can drive you crazy! I can tell you that I originally started trading with 1 lot - and now I enter with 3 lots per trade. My account is growing better now than it has done in the past 3 years!

'Trading Naked' (no indicators - other than EMA's) wound up to be the smartest move I ever made! With TEB's systems fear and greed no longer rear their ugly heads and determine when I pull the trigger and when I exit. Actually, the forex has become fun, something I have'nt experienced in a long time!
  • #2,078
  • Aug 7, 2007 12:27am Aug 7, 2007 12:27am
Quoting masterpiecefx
Your goal shouldn't be to capture all the pips from all the moves, but to have confidence that once you're in a trade, you're gonna get it right. There is no systems in the galaxy that will capture all the market moves, not even price action itself.
I hear what you say about not catching all the pips but loosing out on almost 40-100 pips is the same as sitting down for dinner but eating only leftovers....

And if you get into a trade too late u risk being part of the group called "Buy on greed, Sell on fear".... meaning by the time you enter the market the big boys are already taking profits....so the market goes against you.....something most part time traders get caught up in on a regular basis.

ps.....with price action i managed to capture 537 pips yesterday...it could have been much more but i am contend on taking 20-30 pips on the minor currencies
  • #2,079
  • Aug 7, 2007 12:49am Aug 7, 2007 12:49am
Quoting Rocroy

The problem with candle formations is that all depends how the price movements are allocated on the timescale. So, sometimes you can find a shooting star, sometimes not with same data but in different place on the timescale, and sometimes shooting star shoots up, sometimes down...

R
Maybe u didnt now study candlesticks properly or your mentor did not show you how to recognize candlestick formations.

If you look at gbp/usd 4hr chart on monday 6 aug around 12:00 then you will see a nice little hammer followed by a bullish engulfment. that trade would have given you close to 244 pips depending on where u entered.

Eur/jpy. had the exact same formation that would have given u around 161 pips depending where u entered.

Usd/jpy gave you the 3 white soldiers formation...offering 116 pips.

Nzd/jpy had the exact same formation offering you 167 pips.

Aud/jpy had the same formation offering 115 pips.

Usd/cad and Eur/cad and eur/aud had nice bearish engulfments offering between 50 and 100 pips each

Eur/chf has a bullish engulfment offering 50plus pips

Yesterday was a very easy trading day in which you could have made LOTS of pips by just following basic candlestick formations as presented on the 4hr charts.

If i may be so blunt....see if you can find someone trading candlesticks successfully...and sit next to him while he is trading....a whole NEW WORLD will open up to you

anyway candlesticks are not the topic of this thread....i wish u all good trading
  • #2,080
  • Aug 7, 2007 1:24am Aug 7, 2007 1:24am
Sorry about the too provocative ending in my previuos mail

I am familiar with formations (e.g. in James16 group), but they are simply not for me. If they work for you, great.

R

Quoting iandekoker
Maybe u didnt now study candlesticks properly or your mentor did not show you how to recognize candlestick formations.

If you look at gbp/usd 4hr chart on monday 6 aug around 12:00 then you will see a nice little hammer followed by a bullish engulfment. that trade would have given you close to 244 pips depending on where u entered.

Eur/jpy. had the exact same formation that would have given u around 161 pips depending where u entered.

Usd/jpy gave you the 3 white soldiers formation...offering 116 pips.

Nzd/jpy had the exact same formation offering you 167 pips.

Aud/jpy had the same formation offering 115 pips.

Usd/cad and Eur/cad and eur/aud had nice bearish engulfments offering between 50 and 100 pips each

Eur/chf has a bullish engulfment offering 50plus pips

Yesterday was a very easy trading day in which you could have made LOTS of pips by just following basic candlestick formations as presented on the 4hr charts.

If i may be so blunt....see if you can find someone trading candlesticks successfully...and sit next to him while he is trading....a whole NEW WORLD will open up to you

anyway candlesticks are not the topic of this thread....i wish u all good trading
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