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TEB sytstem

  • #2,161
  • Sep 3, 2007 8:28am Sep 3, 2007 8:28am
I bought E/U @ 1.3630
TEB
  • #2,162
  • Sep 3, 2007 9:24am Sep 3, 2007 9:24am
I’m always blown away by these guys who say they’ve read thru this thread over the weekend or three times since last Thurs. It’s surely taken me several weeks of pretty dedicated work to get thru. At times I’ve wondered if I would ever catch up? But I think I learned something every day. For now I just wanted to say, thanks, everybody, and especially TEB63!
  • #2,163
  • Sep 3, 2007 10:27am Sep 3, 2007 10:27am
Quoting TEB63
I bought E/U @ 1.3630
TEB
hello teb,
what teb systm had the buy signal?
Im still reading all your postings and try to find a System that works for me.
Im not shure TEB1 TEB2 or TEB3.I like TEB1, the trendlines and TEB2 the 2 stochs H4 and M30
My chart , should be TEB2
Attached Image (click to enlarge)
Click to Enlarge Name: TEB2-06.JPG Size: 84 KB
  • #2,164
  • Sep 3, 2007 11:43am Sep 3, 2007 11:43am
Quoting MJurban
hello teb,
what teb systm had the buy signal?
Im still reading all your postings and try to find a System that works for me.
Im not shure TEB1 TEB2 or TEB3.I like TEB1, the trendlines and TEB2 the 2 stochs H4 and M30
My chart , should be TEB2
TEB2 4 hour 30 mins (& 5 mins)

  • #2,165
  • Sep 3, 2007 12:24pm Sep 3, 2007 12:24pm
G/U 2 of 4 lots closed @ 2.0196
for about 40 pips

TEB
  • #2,166
  • Sep 3, 2007 12:40pm Sep 3, 2007 12:40pm
Hi Teb,

Can you post a chart of your post?

Thanks,
Guess
  • #2,167
  • Sep 3, 2007 12:44pm Sep 3, 2007 12:44pm
closed the last 2 lots of G/U@ 2.0196
as well
TEB
  • #2,168
  • Sep 3, 2007 12:58pm Sep 3, 2007 12:58pm
Teb you make this look easy, everytime I try, on demo of course... I seem to get burnt a bit and thank god it is demo!

Ok check this out...

First line:
Where the cross happened on a day - wait for the cross right, or can you take before day bar is closed out?

Second line:
Start looking at next day?

Third line:
4 hour cross confirmed, waiting for 4 hour bar to be closed like above?

Fourth line:
30 min crossed, when bar closed take next trade

5th line:
Take trade?

I got burnt, is this the correct way?!?!

Thanks
Guess
Attached Image (click to enlarge)
Click to Enlarge Name: explain.JPG Size: 58 KB
  • #2,169
  • Sep 3, 2007 2:00pm Sep 3, 2007 2:00pm
Quoting guess121
Teb you make this look easy, everytime I try, on demo of course... I seem to get burnt a bit and thank god it is demo!

Ok check this out...

First line:
Where the cross happened on a day - wait for the cross right, or can you take before day bar is closed out?

Second line:
Start looking at next day?

Third line:
4 hour cross confirmed, waiting for 4 hour bar to be closed like above?

Fourth line:
30 min crossed, when bar closed take next trade

5th line:
Take trade?

I got burnt, is this the correct way?!?!

Thanks
Guess



I think you have to many
use only 2 or 3 time frames

don't use the day
the 4 hour & 30min is great
or the day & 4 hour
is even better

TEB
  • #2,170
  • Sep 3, 2007 2:18pm Sep 3, 2007 2:18pm
I closed 4 lots of E/U @1.3627 for a 5 pips lose

Done for the day

TEB
  • #2,171
  • Sep 3, 2007 5:21pm Sep 3, 2007 5:21pm
Aud/Usd TEB2
Week & day is a buy @.8220

TEB
  • #2,172
  • Sep 3, 2007 8:36pm Sep 3, 2007 8:36pm
Aud/Usd closed @.8247
TEB
  • #2,173
  • Sep 4, 2007 8:18am Sep 4, 2007 8:18am
Quoting TEB63
G/U 2 of 4 lots closed @ 2.0196
for about 40 pips

TEB
Hi Teb,

Thanks for all your help so far. I am not clear about this trade and I have a few questions. Attached is my 30min chart.

1. Did you buy at the same point on my chart?

2. What method did you use for the exit? 533 cross on 4hr? If so, on my chart, close of the 4hr bar that crossed was 2.0180. Still a profit, but not as good as yours. Which is why I want to make sure I understand you correctly.

3. Is your 40(30)pip profit per lot or total for 2 lots.

4. 4hr, 30min (&5min). I know you stated earlier that you use the 5min as an alternative entry. Do you use it instead of the 30min or do they both have to line up?

5. Do you use an EMA for 'pip room' with TEB2?

Thanks again.

DeMac
Attached Image (click to enlarge)
Click to Enlarge Name: GBP30.JPG Size: 106 KB
  • #2,174
  • Sep 4, 2007 8:38am Sep 4, 2007 8:38am
Hi Demac,

I am having the same issue with understanding this as well, even though I have read up on this thread and like the system.

My take on this, when the 4 hour crosses - wait for the 4 hour to close, filter through to 30 mins and wait for the 30 minute to cross in the same direction and then on the next bar take the trade, can anyone confirm this?

Thanks,
Guess

Quoting DeMac
Hi Teb,

Thanks for all your help so far. I am not clear about this trade and I have a few questions. Attached is my 30min chart.

1. Did you buy at the same point on my chart?

2. What method did you use for the exit? 533 cross on 4hr? If so, on my chart, close of the 4hr bar that crossed was 2.0180. Still a profit, but not as good as yours. Which is why I want to make sure I understand you correctly.

3. Is your 40(30)pip profit per lot or total for 2 lots.

4. 4hr, 30min (&5min). I know you stated earlier that you use the 5min as an alternative entry. Do you use it instead of the 30min or do they both have to line up?

5. Do you use an EMA for 'pip room' with TEB2?

Thanks again.

DeMac
  • #2,175
  • Sep 4, 2007 9:19am Sep 4, 2007 9:19am
Quoting guess121
Hi Demac,

I am having the same issue with understanding this as well, even though I have read up on this thread and like the system.

My take on this, when the 4 hour crosses - wait for the 4 hour to close, filter through to 30 mins and wait for the 30 minute to cross in the same direction and then on the next bar take the trade, can anyone confirm this?

Thanks,
Guess

That's the way I understand it as well. Which is why I am confused as to how TEB bought cable @ 2.0166 and closed @ 2.0196. I must be missing something.

DeMac
  • #2,176
  • Sep 4, 2007 10:00am Sep 4, 2007 10:00am
Different brokers?

Quoting DeMac
That's the way I understand it as well. Which is why I am confused as to how TEB bought cable @ 2.0166 and closed @ 2.0196. I must be missing something.

DeMac
  • #2,177
  • Sep 4, 2007 10:08am Sep 4, 2007 10:08am
Quoting guess121
Different brokers?
Don't think that is the case. The difference is too large. He made 30pips, I made 7. We must have entered/exited at different points.

Also, I remember him stating he used FXDD for charts. So do I.
  • #2,178
  • Sep 4, 2007 11:01am Sep 4, 2007 11:01am
I think Teb will be able to clear this up for us?

Quoting DeMac
Don't think that is the case. The difference is too large. He made 30pips, I made 7. We must have entered/exited at different points.

Also, I remember him stating he used FXDD for charts. So do I.
  • #2,179
  • Sep 4, 2007 2:40pm Sep 4, 2007 2:40pm
I am buying (TEB2 @ 4 hour & 30 mins{5min})
E/U @ 1.3610
&
cable @ 2.0140

TEB
  • #2,180
  • Sep 4, 2007 3:01pm Sep 4, 2007 3:01pm
Quoting guess121
I think Teb will be able to clear this up for us?
the difference is that you do not have always to wait for the 4h to close and then move to 30m.

Another thing i want to add. There are times that the 4H is crossed up and the 30m is crossed down. when the 30 crosses up again and the 4h is the same it is still a very good signal.+

Also this method applies much better to the European session and the overlapping of European and US session. especially now that yen crosses are affected by the DOW and NASDAQ

Hope it helps
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