I have had a lot of people ask me about TEB2
Its very simple to trade it
Charts: always 2
a. 4 hour & 30 mins
b. day and 4 hours
c. day and 1 hour.
Set up :two stochs on each of two chart
5,3,3 & 14,3,3
I have 20%,50%,80% lines on all the Stochs
Trend
You look to the bigger chart for trend - both stochs in agreement
Signals
You look to the smaller chart for signals - both stochs in agreement
day chart
a. you see the red line is where the stochs both turns down
(normally you don't see both give a sign at the same time like here)
4 hour chart
a. The thick red line is shows the trend where the two stochs from the day chart turned in agreement (down)
b. The thin red lines are where the two stochs turn down
(again normally the 5,3,3 would turns down 1st)
c. the blue lines is where I normally get out
- where the 14,3,3 shoch on the small chart turns against you
- you can wait till the 5,3,3 on the bigger on turns on you as well
( up trend all is reversed)
How to read the shoch
you should know about over buy/sold if you like go to the following to see how I do it
http://www.forexfactory.com/showthread.php?t=27107
Stop loss ( on the day/hour )
a. 50+ spread on the day/4 hour
Take Prof
a. I will normally closes at 100pip win
b. At 50 pips up I am looking for a reason to get out
ie. candles start to look like they are turning
esp. big tails
c. the 14.3.3 on the small chart turns against me
d. The 5.3.3 on the higher chart turns against me
e. lock in proff at 25 pips 5o pips etc
note: 50% on the stochs
a. It is best for price to move up over (or under) this the opp. way of the trend
on the smaller charts before getting in.
b. I don't worry to much about this on the bigger chart as long as its not in the over buy/sold area
c. All 4 stochs move through the 50% back towards the trend
Not sure why but when all 4 stoch cross this area at the same time you normally have a big move
Its really that easy its my main system
TEB
Its very simple to trade it
Charts: always 2
a. 4 hour & 30 mins
b. day and 4 hours
c. day and 1 hour.
Set up :two stochs on each of two chart
5,3,3 & 14,3,3
I have 20%,50%,80% lines on all the Stochs
Trend
You look to the bigger chart for trend - both stochs in agreement
Signals
You look to the smaller chart for signals - both stochs in agreement
day chart
a. you see the red line is where the stochs both turns down
(normally you don't see both give a sign at the same time like here)
4 hour chart
a. The thick red line is shows the trend where the two stochs from the day chart turned in agreement (down)
b. The thin red lines are where the two stochs turn down
(again normally the 5,3,3 would turns down 1st)
c. the blue lines is where I normally get out
- where the 14,3,3 shoch on the small chart turns against you
- you can wait till the 5,3,3 on the bigger on turns on you as well
( up trend all is reversed)
How to read the shoch
you should know about over buy/sold if you like go to the following to see how I do it
http://www.forexfactory.com/showthread.php?t=27107
Stop loss ( on the day/hour )
a. 50+ spread on the day/4 hour
Take Prof
a. I will normally closes at 100pip win
b. At 50 pips up I am looking for a reason to get out
ie. candles start to look like they are turning
esp. big tails
c. the 14.3.3 on the small chart turns against me
d. The 5.3.3 on the higher chart turns against me
e. lock in proff at 25 pips 5o pips etc
note: 50% on the stochs
a. It is best for price to move up over (or under) this the opp. way of the trend
on the smaller charts before getting in.
b. I don't worry to much about this on the bigger chart as long as its not in the over buy/sold area
c. All 4 stochs move through the 50% back towards the trend
Not sure why but when all 4 stoch cross this area at the same time you normally have a big move
Its really that easy its my main system
TEB
