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World's Simplest System

  • #161
  • Feb 17, 2008 8:25am Feb 17, 2008 8:25am
Quoting et_phonehome_2
TEB63

Assuming the higher TF shows the overall trend, should one only enter if the candle opens above/below the 200EMA, or would you wait for the current 4HR candle completion? Also, does candle color dictate whether you will take the trade or not?
the way you are doing it???
not sure ... The old System was alway wait till the close

The reason the 3 duck is just over - is because its 5 mins over a S/R,
on higher TF I always wait for the close over ...
mostly because of the effects of news ....
but others would get in at the cross
... But I must say S/R is more important then a MA cross always!

TEB
  • #162
  • Feb 17, 2008 6:10pm Feb 17, 2008 6:10pm
teb

thanks for the info on the fib levels

on gbp/usd are you using month/week/daily tf to look for long entry?

thanks for the ebook I hadn't seen that, just what you have posted here earlier in the thread.

I really like this method because of the mtf confirmation. I also like the moving avgs because, like smalldog said, it really is trading price action. It seems most methods trade indicators (even mtf stoch, which is not bad). Lets face it we are not buying/selling indicators, we are buying/selling price. I also tend to think that technical indicators are more true to longer tf's.
  • #163
  • Feb 17, 2008 9:45pm Feb 17, 2008 9:45pm
teb

take a look at E/J

week below 200 ema
daily below 200 ema
4hr above 200 ema

holding for now because it looks like it is trying to move up but is not, I'm waiting for a break downward

I think I got the fib levels right now, thanks. just don't know how to show a chart?
  • #164
  • Feb 17, 2008 10:06pm Feb 17, 2008 10:06pm
E/J 4hr broke 50 fib level - short 2 lots
  • #165
  • Edited 3:35am Feb 18, 2008 3:28am | Edited 3:35am
I know TEB mentioned this one but he was looking at daily time frame and was looking to go long - whats your entry setup as the weekly is up, daily is down, so this trade doesnt follow the rules....?




Quoting msac
E/J 4hr broke 50 fib level - short 2 lots
  • #166
  • Feb 18, 2008 7:07am Feb 18, 2008 7:07am
Quoting redart007
I know TEB mentioned this one but he was looking at daily time frame and was looking to go long - whats your entry setup as the weekly is up, daily is down, so this trade doesnt follow the rules....?


I realized that and closed out my trade, just didn't update my post. Sorry.

However I am short USD/CAD (it does follow the setup) and hoping for about 50-70 pip move
  • #167
  • Feb 18, 2008 8:13am Feb 18, 2008 8:13am
Quoting msac
E/J 4hr broke 50 fib level - short 2 lots
Hi

I hope you got out ok.

don't use the 50% fib to get in
its the 100% that is the swing hight

TEB
  • #168
  • Feb 18, 2008 1:40pm Feb 18, 2008 1:40pm
Hi

I just wanted to add a few things

the lowest I trade this in this system is the 15 min chart
on that chart I do just A close over of the 200 - not A S/R break
ALL other TF I go for a S/R break- hopefully below the 200ema.


the 4 hour & above is amazing %
the hour & 15 are quite a bit less

under 15 mins I use the 3 ducks
Which is great
I use 2 charts 1 hour ( with the 4 hour ema on it) set up easy to see
& then the 5 mins just for he 200 EMS cross & R/S cross

I am not using TEB2 at all at this time at all

The 200ema is the easiest & most stress free way I have ever traded.
you see trades coming a mile away

cheers


TEB
  • #169
  • Feb 18, 2008 4:04pm Feb 18, 2008 4:04pm
Yeah I got out of E/J okay. Just got a little crossed on my tf analyzing. (That ain't good!!!)

I had originally followed your TEB 1,2,3 systems, but once you started drawing tl's I got lost. I know you like them though but, that's why I prefer the wss, simple!!

Are you currently in any wss trades?

Right now my wss trades are:

usd/cad short
eur/usd long
usd/chf short

None are currently doing very much either way
  • #170
  • Feb 18, 2008 5:26pm Feb 18, 2008 5:26pm
Quoting TEB63
Hi

I just wanted to add a few things

the lowest I trade this in this system is the 15 min chart
on that chart I do just A close over of the 200 - not A S/R break
ALL other TF I go for a S/R break- hopefully below the 200ema.


the 4 hour & above is amazing %
the hour & 15 are quite a bit less

under 15 mins I use the 3 ducks
Which is great
I use 2 charts 1 hour ( with the 4 hour ema on it) set up easy to see
& then the 5 mins just for he 200 EMS cross & R/S cross

I am not using TEB2 at all at this time at all

The 200ema is the easiest & most stress free way I have ever traded.
you see trades coming a mile away

cheers


TEB
TEB
Like the look of your system, gonna give it a bash. Looks like EJ and GJ are the next likely candidates?

Harve
learn, profit, share
  • #171
  • Feb 19, 2008 5:15am Feb 19, 2008 5:15am
Quoting TEB63

If I can get in at 1.4650 or better I will
or I am done for the week

Teb
got it

teb
  • #172
  • Feb 19, 2008 5:51am Feb 19, 2008 5:51am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting TEB63
got it

teb

Hi Teb
i'm on that trade, would you mind posting a chart, first time we've been in the trade at the same time so would be good to see your view on this.

regards

MPP
  • #173
  • Feb 19, 2008 6:21am Feb 19, 2008 6:21am
Quoting MPP
Hi Teb
i'm on that trade, would you mind posting a chart, first time we've been in the trade at the same time so would be good to see your view on this.

regards

MPP
hi

I am still trading the chart on post 141

I just got out on fri. because of the weekend & holiday.
I did not want to hold .
& I thought there might be a sell off .. for the big boys to TP
& I wanted to get in at a better price!
which I did

cheers

TEB
  • #174
  • Feb 19, 2008 8:34am Feb 19, 2008 8:34am
Quoting TEB63
Hi

I just wanted to add a few things

the lowest I trade this in this system is the 15 min chart
on that chart I do just A close over of the 200 - not A S/R break
ALL other TF I go for a S/R break- hopefully below the 200ema.


the 4 hour & above is amazing %
the hour & 15 are quite a bit less

under 15 mins I use the 3 ducks
Which is great
I use 2 charts 1 hour ( with the 4 hour ema on it) set up easy to see
& then the 5 mins just for he 200 EMS cross & R/S cross

I am not using TEB2 at all at this time at all

The 200ema is the easiest & most stress free way I have ever traded.
you see trades coming a mile away

cheers


TEB
Hi TEB,

What are the rules for the system you are trading on this post; you have a lot of systems so I want to be sure.
Thanks for the Threads.
  • #175
  • Feb 19, 2008 4:04pm Feb 19, 2008 4:04pm
WSS trades so far.

Trades end of last week:

E/U + 16 pips
E/U +14 pips
U/CHF + 25 pips
E/G + 40 pips
U/J + 34 pips

total pips + 129


Trades the past 2 days:

e/j - 12 pips (bonehead move on chart misread)
u/cad + 29 pips
e/u + 85 pips
u/chf + 88 pips
u/j + 58 pips

total pips + 248

Grand total + 377 pips

Method going well so far! Hopeful to keep it up!
  • #176
  • Feb 19, 2008 4:05pm Feb 19, 2008 4:05pm
Quoting gtrade
Hi TEB,

What are the rules for the system you are trading on this post; you have a lot of systems so I want to be sure.
Thanks for the Threads.

Sure.
1. This thread ....the basis 200ema on 3 time frames
& a s/r break on the lowest time frame.
I explain it I think 3 times in the thread now.
2. The 3 ducks system -- you can get the ebook on that thread.


cheers

teb
  • #177
  • Feb 19, 2008 4:17pm Feb 19, 2008 4:17pm
Quoting msac
WSS trades so far.

Trades end of last week:

E/U + 16 pips
E/U +14 pips
U/CHF + 25 pips
E/G + 40 pips
U/J + 34 pips

total pips + 129


Trades the past 2 days:

e/j - 12 pips (bonehead move on chart misread)
u/cad + 29 pips
e/u + 85 pips
u/chf + 88 pips
u/j + 58 pips

total pips + 248

Grand total + 377 pips

Method going well so far! Hopeful to keep it up!
- good show!!!
are you doing real trades!!
what % of your account are you trading each time?
I notice .. it looks like you had a trade on with the e/u & the u/ch at the same time.
If the market moves you really have the same trade on two times
.... you likely knew that--

cheers

teb
  • #178
  • Feb 19, 2008 4:32pm Feb 19, 2008 4:32pm
I'm not sure those meet the criteria using Weekly,Daily 4hrs - what time frame are you looking at?

TEB?

Quoting harv58
TEB
Like the look of your system, gonna give it a bash. Looks like EJ and GJ are the next likely candidates?

Harve
  • #179
  • Feb 19, 2008 5:18pm Feb 19, 2008 5:18pm
Quoting redart007
I'm not sure those meet the criteria using Weekly,Daily 4hrs - what time frame are you looking at?

TEB?

all kinds ... just need to be 3 in a row

teb
  • #180
  • Feb 19, 2008 5:24pm Feb 19, 2008 5:24pm
Quoting TEB63
Sure.
1. This thread ....the basis 200ema on 3 time frames
& a s/r break on the lowest time frame.
I explain it I think 3 times in the thread now.
2. The 3 ducks system -- you can get the ebook on that thread.


cheers

teb
thanks Teb
if someone wouldn't mind directing me to your most current explanation in this thread that would be helpful.
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