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Tenno system

  • #201
  • Edited 7:32pm Aug 15, 2007 1:25pm | Edited 7:32pm
Quoting currencytrader

In all of my years of trading, all 15 years that is, I've traded everything from commodities to the S&P 500 Index.

...

Since trading the currency market, starting with the eur/usd when it first came out, the market never went against me more than 9 pips for the eur/usd. CT
Mind you, the Euro came out in the late 90s.

But then we find:

http://www.forexfactory.com/showpost...&postcount=499

Is he a newbie or is he a seasoned trader? I wish he'd make up his mind....
  • #202
  • Aug 15, 2007 1:52pm Aug 15, 2007 1:52pm
yes ,,, i was wondering about 15 years of trading for an account balance of $69....
If we aren't supposed to eat animals..... why are they made out of meat??
  • #203
  • Aug 15, 2007 6:24pm Aug 15, 2007 6:24pm
$1 a pip is more in line with a mini-lot I think...
  • #204
  • Aug 15, 2007 9:14pm Aug 15, 2007 9:14pm
T,

Whenever I say that I'm doing well, with a system, once again, by default what I'm trying to say is that I'm taking a certain part of a system and applying it to what I already know.

I took a certain technique from forexexpert and applied it and it worked. Now, I'm taking a certain technique from jogjatrader and it's working along with the technique I took from forexexpert.

This is what I mean when I talk about my high percentage winning.

Sorry for the confusion. Excitement does that sometimes...

Yes, the eur/usd came out in 1999 and I was just coming off of trading the S&P 500 Index during that same year...

CT

Quoting tdion
Mind you, the Euro came out in the late 90s.

But then we find:

http://www.forexfactory.com/showpost...&postcount=499

Is he a newbie or is he a seasoned trader? I wish he'd make up his mind....
  • #205
  • Aug 15, 2007 9:18pm Aug 15, 2007 9:18pm
Andrew,

The $69 was for the gbp/usd pair only. I WAS working with the eur/usd, but all the techniques that I learned while trading the eur/usd, I simply scooted them over to the gbp/usd side and added two more tricks; mainly from forexexpert and jogjatrader and a couple of others.

There's about 12 tricks underneath my sleeves that I work with in certain situations.

So, when I refer to $69 that's what I'm referring too; just the gbp/usd pair that I started out trading.

My learning curve is pretty small because I am just transferring the techniques I used for the eur/usd over to the gbp/usd.

Unfortunately, I learned through observation that not all the techniques can be used from one currency pair to another which is why certain techniques are better than others on certain currency pairs.

Sorry for the confusion....

CT


Quoting AndrewM
yes ,,, i was wondering about 15 years of trading for an account balance of $69....
  • #206
  • Edited 9:25pm Aug 15, 2007 9:21pm | Edited 9:25pm
I've bent the rules slightly and made a few trades on my demo account to see if I could get the system to work. I made 3 trades tonight. Two were shit because I was trying to see which rules I could bend and how far. Typical me I guess Anyway, the last trade was excellent so I'll post it. My demo account's in the red slightly over tonight, but only by six dollars on $3k lol. The trade I'm going to outline is actually a lot closer to this system than the first two I made just fiddling around with the Williams'. The charts are a bit larger than the maximum vertical size here so I'm going to have to link them.

I made this trade on August 15th at 11:05pm Eastern Time. I'm using an Alpari demo account. I entered at 1.9865 and took profit at 1.9844 using the Williams' oscillator hook on the M5 as an exit strategy. My stop loss was set higher(1.9878) for testing, but had I been trading live, I would've went with a stop loss at around 1.9875.

H1 chart:
http://www.tenechelon.com/Trades/Ten...08_2305_H1.jpg
As you can see, right before my trade, price had completed a very similar pattern. That's why I ignored the general rule that price should be in the overbought on the M15 Williams' oscillator as you'll see in the next chart. At the time of my trade, the H1 Williams' had just begun turning downward, and the Pound is obviously in a downtrend here.

M15 chart:
http://www.tenechelon.com/Trades/Ten...8_2305_M15.jpg
I didn't bother, you should be able to draw the price channel here with your eyes. Check out the doji reversal at a. After verifying that and the Williams' moving down on the 15, I thought it was looking good for a sell.

M5 chart:
http://www.tenechelon.com/Trades/Ten...08_2305_M5.jpg
You can see my approximate short entry point at a when the williams' hooked from overbought, and where I bought back my short position at the oversold hook highlighted in green on the williams' oscillator. You actually could've ridden this a lot further, down to 1.9820 or 1.9815. I'm not completely comfortable with how price is moving on Cable right now so I was being conservative. Price broke out of the bottom of the channel and then quickly shot through the roof of it after that so this trade was pretty well timed I think.

I hope this helps a few of you asking for charts, cheers.
  • #207
  • Aug 15, 2007 9:29pm Aug 15, 2007 9:29pm
Hello oeagrus,

That's pretty cool! A picture is worth a thousand of words. I glad you are trying The Tenno system for yourself. Thanks for posting the charts.

Quoting Oeagrus
I've bent the rules slightly and made a few trades on my demo account to see if I could get the system to work. I made 3 trades tonight. Two were shit because I was trying to see which rules I could bend and how far. Typical me I guess Anyway, the last trade was excellent so I'll post it. My demo account's in the red slightly over tonight, but only by six dollars on $3k lol. The trade I'm going to outline is actually a lot closer to this system than the first two I made just fiddling around with the Williams'. The charts are a bit larger than the maximum vertical size here so I'm going to have to link them.

I made this trade on August 15th at 11:05pm Eastern Time. I'm using an Alpari demo account. I entered at 1.9865 and took profit at 1.9844 using the Williams' oscillator hook on the M5 as an exit strategy. My stop loss was set higher(1.9878) for testing, but had I been trading live, I would've went with a stop loss at around 1.9875.

H1 chart:
http://www.tenechelon.com/Trades/Ten...08_2305_H1.jpg
As you can see, right before my trade, price had completed a very similar pattern. That's why I ignored the general rule that price should be in the overbought on the M15 Williams' oscillator as you'll see in the next chart. At the time of my trade, the H1 Williams' had just begun turning downward, and the Pound is obviously in a downtrend here.

M15 chart:
http://www.tenechelon.com/Trades/Ten...8_2305_M15.jpg
I didn't bother, you should be able to draw the price channel here with your eyes. Check out the doji reversal at a. After verifying that and the Williams' moving down on the 15, I thought it was looking good for a sell.

M5 chart:
http://www.tenechelon.com/Trades/Ten...08_2305_M5.jpg
You can see my approximate short entry point at a when the williams' hooked from overbought, and where I bought back my short position at the oversold hook highlighted in green on the williams' oscillator. You actually could've ridden this a lot further, down to 1.9820 or 1.9815. I'm not completely comfortable with how price is moving on Cable right now so I was being conservative. Price broke out of the bottom of the channel and then quickly shot through the roof of it after that so this trade was pretty well timed I think.

I hope this helps a few of you asking for charts, cheers.
  • #208
  • Aug 15, 2007 9:33pm Aug 15, 2007 9:33pm
Oeagrus,

That's what you have to do man. You have to test to see what YOU want out of the market and what works for YOU.

As soon as you can see the light then it's all green from there man.

Well, time for me to open up the old trading station and let the bells rings my friend.

Talk to you guys after I finish trading...

CT

Quoting Oeagrus
I've bent the rules slightly and made a few trades on my demo account to see if I could get the system to work. I made 3 trades tonight. Two were shit because I was trying to see which rules I could bend and how far. Typical me I guess Anyway, the last trade was excellent so I'll post it. My demo account's in the red slightly over tonight, but only by six dollars on $3k lol. The trade I'm going to outline is actually a lot closer to this system than the first two I made just fiddling around with the Williams'. The charts are a bit larger than the maximum vertical size here so I'm going to have to link them.

I made this trade on August 15th at 11:05pm Eastern Time. I'm using an Alpari demo account. I entered at 1.9865 and took profit at 1.9844 using the Williams' oscillator hook on the M5 as an exit strategy. My stop loss was set higher(1.9878) for testing, but had I been trading live, I would've went with a stop loss at around 1.9875.

H1 chart:
http://www.tenechelon.com/Trades/Ten...08_2305_H1.jpg
As you can see, right before my trade, price had completed a very similar pattern. That's why I ignored the general rule that price should be in the overbought on the M15 Williams' oscillator as you'll see in the next chart. At the time of my trade, the H1 Williams' had just begun turning downward, and the Pound is obviously in a downtrend here.

M15 chart:
http://www.tenechelon.com/Trades/Ten...8_2305_M15.jpg
I didn't bother, you should be able to draw the price channel here with your eyes. Check out the doji reversal at a. After verifying that and the Williams' moving down on the 15, I thought it was looking good for a sell.

M5 chart:
http://www.tenechelon.com/Trades/Ten...08_2305_M5.jpg
You can see my approximate short entry point at a when the williams' hooked from overbought, and where I bought back my short position at the oversold hook highlighted in green on the williams' oscillator. You actually could've ridden this a lot further, down to 1.9820 or 1.9815. I'm not completely comfortable with how price is moving on Cable right now so I was being conservative. Price broke out of the bottom of the channel and then quickly shot through the roof of it after that so this trade was pretty well timed I think.

I hope this helps a few of you asking for charts, cheers.
  • #209
  • Edited 10:03pm Aug 15, 2007 10:02pm | Edited 10:03pm
Hello Everyone,

I placed a sell @ 1.9879 (8:20a.m. candle eastern time) when the market was overbrought and a bearish engulfing candle was in the making. My take profit hit @ 1.9869.

Thanks and God Bless

May I add on another note: While I was writing this I saw a sell opportunity on the 12:45 am candle was a shooting star and market was overbrought, Sidus Method SHOWS DOWNTREND. I sold at 1.9868 and take profit hit at 1.9858. Another +10 PIPS it took about 6 minutes WOW, that was amazing. Total of +20 PIPS Today!!! YAYYAYYY

God Bless and Happy trading i have to go to sleep now because I have to wake up for work in the morning. Everyone stay positive and if someone types something you disagree with that has nothing to with learning to trade please keep it to yourself. I know I'm here to learn and not for reading post about who's lying or not. I appreciate that and I say it with a open heart. Have a BLESS day.
  • #210
  • Aug 15, 2007 10:08pm Aug 15, 2007 10:08pm
Awesome,

I'm glad somebody, around here, understands what I've been saying all along..hehe

Anyway, I'm happy that you're doing well with your trades. It's easy when you keep it simple.

Talk to you later...

CT

Quoting awesome792
Hello Everyone,

I placed a sell @ 1.9879 (8:20a.m. candle eastern time) when the market was overbrought and a bearish engulfing candle was in the making. My take profit hit @ 1.9869.

Thanks and God Bless

May I add on another note: While I was writing this I saw a sell opportunity on the 12:45 am candle was a shooting star and market was overbrought, Sidus Method SHOWS DOWNTREND. I sold at 1.9868 and take profit hit at 1.9858. Another +10 PIPS it took about 6 minutes WOW, that was amazing. Total of +20 PIPS Today!!! YAYYAYYY

God Bless and Happy trading i have to go to sleep now because I have to wake up for work in the morning. Everyone stay positive and if someone types something you disagree with that has nothing to with learning to trade please keep it to yourself. I know I'm here to learn and not for reading post about who's lying or not. I appreciate that and I say it with a open heart. Have a BLESS day.
  • #211
  • Aug 15, 2007 10:39pm Aug 15, 2007 10:39pm
Gang,

Well, it happened so fast, I'm even surprised by this one. At 12:15am Central or 1:15am Eastern, the market created a hammer with the william % below 20%. That was a signal to buy no matter what!

So, I jumped into the market at 1.9849 level and got out at 1.9862 level which is a resistence level. That whole trade lasted 7 minutes and I got 9 full profitable pips out of that trade.

It wasn't exactly my 10 that I wanted, but it was what the market was willing to give to me so I took it with a smile and no complaints.

So, today, my whole trading day lasted from 12am to 12:35am; a whopping 35 minutes of looking at the market while being in the market for less than 8 minutes.

I traded 4 lots on this trade and made $36 which isn't much, but the bigger picture is that in the next 5 months, I'll be making over $1,000 on the exact same timeframe, with the exact same market moves, but with more lots. And, the prospect of making $1,000 a day or so is motivation enough for me to be disciplined enough to not do anything foolish...

Not to shabby....

Talk to you guys tomarrow,

CT
  • #212
  • Aug 15, 2007 10:40pm Aug 15, 2007 10:40pm
Jog,

So, when are you going to come out with your new and improved system man?

Ohhhhh....I was just wondering...

Time to get some shut eye(sleep that is)...

CT
  • #213
  • Aug 16, 2007 6:34am Aug 16, 2007 6:34am
Should this be 80%? or is my setup incorrect?http://www.forexfactory.com/images/icons/icon7.gif
Quoting currencytrader
Gang,

Well, it happened so fast, I'm even surprised by this one. At 12:15am Central or 1:15am Eastern, the market created a hammer with the william % below 20%. That was a signal to buy no matter what!
Should this be 80%?


CT
  • #214
  • Aug 16, 2007 11:14am Aug 16, 2007 11:14am
Hello Mcmep11,

I just think CurrencyTrader had a lil misprint. I can understand after winning a trade you are so excited you can't type sometimes. But yes he meant 80%.
Thanks for mentioning that just in case someone felt confused like a newbie or anyone who's not familiar with Wiliams Indicator. I hope your trading is going good! . CurrencyTrader good job with your trade. God Bless and Happy Trading everyone.

Quoting mcmep11
Should this be 80%? or is my setup incorrect?http://www.forexfactory.com/images/icons/icon7.gif
  • #215
  • Aug 16, 2007 11:33am Aug 16, 2007 11:33am
I'm very excited and can't wait to see it. I see you asked if you should sell your system? My answer will of course be no! LOL, but it's up to you. You should let us trade it and see how it goes before you do that. LOL, have a great day!!

Quoting currencytrader
Jog,

So, when are you going to come out with your new and improved system man?

Ohhhhh....I was just wondering...

Time to get some shut eye(sleep that is)...

CT
  • #216
  • Aug 16, 2007 11:55am Aug 16, 2007 11:55am
MC,

Yeah, my fault bud...it should be 80%...

But, next time, if I get mixed up and I say 80% when it should be 20% then know that the market was either at 80% or above or 20% or lower.

I'll never take a trade if the market is under 80% or above 20%...

CT

Quoting mcmep11
Should this be 80%? or is my setup incorrect?http://www.forexfactory.com/images/icons/icon7.gif
  • #217
  • Aug 16, 2007 3:13pm Aug 16, 2007 3:13pm
Bah. This thread isn't here to cater to you.

Quoting awesome792
Everyone stay positive and if someone types something you disagree with that has nothing to with learning to trade please keep it to yourself. I know I'm here to learn and not for reading post about who's lying or not.
  • #218
  • Aug 16, 2007 4:08pm Aug 16, 2007 4:08pm
Tdion your a fool and everyone need to ignore you. This Thread is dedicated to everyone wanting to gain information regarding The Tenno System. If you don't like what you see don't visit. You sure are no help to anyone here because I haven't seen not one relevant post by you. You just find anything to talk down about and it's not necessary. Seriously, Chill Out

God Bless YOU

Quoting tdion
Bah. This thread isn't here to cater to you.
  • #219
  • Aug 16, 2007 4:10pm Aug 16, 2007 4:10pm
I'm here to learn too. Jogjatrader has been the only one to give any valuable information.

The rest of the posts are "HAPPY FEEL GOOD" and that doesn't hold any water. I'll be here long after you leave this thread.

Good trading.
  • #220
  • Aug 16, 2007 6:38pm Aug 16, 2007 6:38pm
Hi Jokja...

Glad to see another piphunter from Indo

I just wonder can this Method apply for Index such as Hanseng or Nikkei?

Or somebody here know system which suitable for Index

Thanks alot
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