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TEB sytstem

  • #2,141
  • Aug 27, 2007 7:48pm Aug 27, 2007 7:48pm
Quoting sertio
ranging market today but still i dont see the wrong signal, what signal did you get? long? what time exactly?
i enter trade time 8.27 10:30 (FXDD TIME)
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  • #2,142
  • Aug 28, 2007 8:42am Aug 28, 2007 8:42am
I want to say first how refreshing it was to come across this post. I for one am absolutely sick of MA crossovers, ultra-complex systems, and the 5,000 indicators that usually go along with them. My hats off to TEB. I was wondering when you guys get a signal to go long do you wait for the BREAK of the previous high/low or do you just take the signals as they arise? Is there a fixed tp and sl?
  • #2,143
  • Aug 28, 2007 9:28am Aug 28, 2007 9:28am
Quoting Chadrlz
I want to say first how refreshing it was to come across this post. I for one am absolutely sick of MA crossovers, ultra-complex systems, and the 5,000 indicators that usually go along with them. My hats off to TEB. I was wondering when you guys get a signal to go long do you wait for the BREAK of the previous high/low or do you just take the signals as they arise? Is there a fixed tp and sl?
I take them as they come. SL at 50, no TP; let it ride, exit when you think you should or wait for cross. TS of 25.
  • #2,144
  • Edited 10:25am Aug 28, 2007 9:51am | Edited 10:25am
Thanks dude for the quik response. I am having one small problem. TEB talks about an e-book in his other posts. I haven't been able to find it. Im still looking though however if you could point me in the right direction that would be greatly appreciated. With your entry and exit rules how well do you do? How long have you been trading the method? Is it real or demo? Thanks again nondisclosure00.

And although this is off topic I love your pic dude, thats my favorite movie.

"And now I will relieve you, the little people from your useless and pathetic lives.."

"My face on the one dollar bill"
  • #2,145
  • Aug 28, 2007 11:18am Aug 28, 2007 11:18am
Quoting Chadrlz
Thanks dude for the quik response. I am having one small problem. TEB talks about an e-book in his other posts. I haven't been able to find it. Im still looking though however if you could point me in the right direction that would be greatly appreciated. With your entry and exit rules how well do you do? How long have you been trading the method? Is it real or demo? Thanks again nondisclosure00.

And although this is off topic I love your pic dude, thats my favorite movie.

"And now I will relieve you, the little people from your useless and pathetic lives.."

"My face on the one dollar bill"
I love the movie too. I like the quote he has when he's on his float tossing money. "Who do ya trust .... ?"

I don't think TEB got the eBook out yet. But I'm not sure. I've been hanging in this thread for some time and haven't seen it yet.

Using his system, trading manually, I've done pretty good. One month and a half, went from 10,000USD to about 35,000USD. Should point out that in that time I only played USD pairs and the USD was tanking at the time. So I think those results might be skewed. So I'm testing new now.

But it's pretty good. I like simple systems.
  • #2,146
  • Aug 28, 2007 11:36am Aug 28, 2007 11:36am
Hey non thanks again for responding so quik. I meant to ask before, what TF/TFs do you prefer to take your trades in? I would greatly appreciate knowing.
  • #2,147
  • Aug 28, 2007 12:21pm Aug 28, 2007 12:21pm
Quoting Chadrlz
Hey non thanks again for responding so quik. I meant to ask before, what TF/TFs do you prefer to take your trades in? I would greatly appreciate knowing.
TEB3, I follow the system strictly, 4H/D/W while taking and closing the trades in D.

Anything else, I typically use 1H/4H/D while taking and closing on the 4H.

I trade TEB3 almost exclusively because I like the wide TF's. I like them because a) I still have a day job and b) consolidation and fast crosses are less likely to happen as in smaller TF's.
  • #2,148
  • Aug 28, 2007 8:02pm Aug 28, 2007 8:02pm
I have been looking at something with regards to the teb 1 and the teb 3. basically teb3 is a different form of teb1 but using MA's. I am seeing so far that the stoch's seem to signal a trade earlier than the MA's. I am thinking about a hybrid of both systems and I wanted to know what you guys thought. I was thinking about using stochs for entry and to watch the MA's for signs to stay in or exit a trade. here is my rational. stochs during a downtrend will move up and down between 0 and 100 where as the MA's will generally keep pointing down if there is a downtrend. Hence I feel that the MA's are a better indicator for staying with a trade and therefore I am thinking of using it combined with teb 1 or teb 2.
what u guys think?

D'oh.....just read chazbo 3071's post and he thinking exactly what I am thinking LOL. been away from the forums too long lol.
  • #2,149
  • Aug 29, 2007 12:03pm Aug 29, 2007 12:03pm
Quoting vder
I have been looking at something with regards to the teb 1 and the teb 3. basically teb3 is a different form of teb1 but using MA's. I am seeing so far that the stoch's seem to signal a trade earlier than the MA's. I am thinking about a hybrid of both systems and I wanted to know what you guys thought. I was thinking about using stochs for entry and to watch the MA's for signs to stay in or exit a trade. here is my rational. stochs during a downtrend will move up and down between 0 and 100 where as the MA's will generally keep pointing down if there is a downtrend. Hence I feel that the MA's are a better indicator for staying with a trade and therefore I am thinking of using it combined with teb 1 or teb 2.
what u guys think?

D'oh.....just read chazbo 3071's post and he thinking exactly what I am thinking LOL. been away from the forums too long lol.
LOL. You have been away a while. I asked TEB about that sometime ago. He was thinking about it too.

I would still use the TEB3 timeframes w/ D1 the entry and exit. What about 1433 and 533 Stoch's? Haven't mapped them yet to my charts and compared to orders, but just a thought.
  • #2,150
  • Aug 29, 2007 10:47pm Aug 29, 2007 10:47pm
. man oh man. been trying to take it easy. need to catch up on my reading. when you say that you want to use the teb3 and using the daily as the entry/exit how does that work? I thought you would use the 4h as the entry/exit. I am a little lost.

thanks.
  • #2,151
  • Aug 30, 2007 1:32pm Aug 30, 2007 1:32pm
Quoting vder
. man oh man. been trying to take it easy. need to catch up on my reading. when you say that you want to use the teb3 and using the daily as the entry/exit how does that work? I thought you would use the 4h as the entry/exit. I am a little lost.

thanks.
No prob. I could try to explain it, but I wouldn't do anywhere's near of a good job as TEB does in explaining it. Here's the link: http://www.forexfactory.com/showpost...postcount=2013

Manually, it works great. Because even though the rules are met, maually you wouldn't get into a trade if there was consolidation and/or a cross happening.
  • #2,152
  • Aug 30, 2007 1:52pm Aug 30, 2007 1:52pm
Quoting nondisclosure00
No prob. I could try to explain it, but I wouldn't do anywhere's near of a good job as TEB does in explaining it. Here's the link: http://www.forexfactory.com/showpost...postcount=2013

Manually, it works great. Because even though the rules are met, maually you wouldn't get into a trade if there was consolidation and/or a cross happening.
can u post TEB2 ?
  • #2,153
  • Aug 30, 2007 2:53pm Aug 30, 2007 2:53pm
Quoting 4newbie
can u post TEB2 ?
It's in this thread, somewhere.
  • #2,154
  • Aug 30, 2007 9:46pm Aug 30, 2007 9:46pm
hey nondisclosure, I have read that already but am a little confused though. the 4h is only for confirmation? I thought the premise was to use the 4h to enter. oh well, i guess you just make sure that the 4h and Daily are in the same direction.
  • #2,155
  • Aug 31, 2007 1:36am Aug 31, 2007 1:36am
Quoting 4newbie
can u post TEB2 ?
you can start at Page 89 #1322
  • #2,156
  • Aug 31, 2007 1:42am Aug 31, 2007 1:42am
Quoting MJurban
you can start at Page 89 #1322
thanks!
  • #2,157
  • Edited 11:11pm Sep 1, 2007 11:27am | Edited 11:11pm
Quoting nondisclosure00
Has anyone seen this? http://www.autochartist.com/

The name is a little mis-leading. The only 'auto' in it is it's drawing of the lines. It doesn't do any trading for you. You still have to do all that. It only draws the lines and alerts you.

I use it through Interbank FX and it's been quite successful in the alerts I have set up in it.
Hey nondisclosure

Thanks for the link to Autochartist. A very neat piece of software. I subscribed to the 21 day free trial. I'm thinking about taking their course.
  • #2,158
  • Sep 2, 2007 4:51pm Sep 2, 2007 4:51pm
Quoting vder
hey nondisclosure, I have read that already but am a little confused though. the 4h is only for confirmation? I thought the premise was to use the 4h to enter. oh well, i guess you just make sure that the 4h and Daily are in the same direction.
In the system, you need all 3 to line up. But you enter/exit on daily. It allows for big profits and small losses.


Am I remembering correctly in that you were looking at using another w/ the MA's on TEB3? If so, hows that going?
  • #2,159
  • Sep 2, 2007 4:52pm Sep 2, 2007 4:52pm
Quoting chazbo 3071
Hey nondisclosure

Thanks for the link to Autochartist. A very neat piece of software. I subscribed to the 21 day free trial. I'm thinking about taking their course.
No problem. When I'm trading channels, they've had a pretty good record. I use them when I do because I can't draw good channels.:
  • #2,160
  • Sep 3, 2007 6:19am Sep 3, 2007 6:19am
I bought cable @ 2.0166

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