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  • #181
  • Feb 19, 2008 6:07pm Feb 19, 2008 6:07pm
Quoting gtrade
thanks Teb
if someone wouldn't mind directing me to your most current explanation in this thread that would be helpful.
posting 1,2,3 & 158

teb
  • #182
  • Feb 19, 2008 6:17pm Feb 19, 2008 6:17pm
Quoting TEB63
posting 1,2,3 & 158

teb
Thanks Teb
  • #183
  • Feb 19, 2008 7:08pm Feb 19, 2008 7:08pm
Hi TEB,
Looked through the thread; thank you for sharing your hard work.

Regarding 2 TF's above or below 200EMA and 1 TF opp to that, does it matter which one is opp.

Logic dictates that the longer TF's are opp the shorter TF as a set-up.
eg DAILY/4 HR above 200 and 15min below.

Is that correct or can any combination of 2 TF's be OK.

Thanks.
  • #184
  • Feb 19, 2008 10:45pm Feb 19, 2008 10:45pm
Quoting TEB63
- 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

No, I wish! This is strictly demo for me right now. I'm just taking all the trades that meet the wss criteria and watching to see what they do. I do like the method, but I just want to continue to test it and grow my confidence.

Teb, are you using 3 ducks for shorter term trading, and wss for "set it and forget it" trading?
  • #185
  • Feb 20, 2008 2:10am Feb 20, 2008 2:10am
it always the smallest timeframe in the sequence - that is bucking the trend (going against it)

I think you are dropping down to quickly in your example i.e should be : daily, 4hr, then 1hr.

If you wanted to trade the 15min - then use 1hr and 4hr above

regards

Red



Quoting gtrade
Hi TEB,
Looked through the thread; thank you for sharing your hard work.

Regarding 2 TF's above or below 200EMA and 1 TF opp to that, does it matter which one is opp.

Logic dictates that the longer TF's are opp the shorter TF as a set-up.
eg DAILY/4 HR above 200 and 15min below.

Is that correct or can any combination of 2 TF's be OK.

Thanks.
  • #186
  • Feb 20, 2008 3:56am Feb 20, 2008 3:56am
Quoting redart007
it always the smallest timeframe in the sequence - that is bucking the trend (going against it)

I think you are dropping down to quickly in your example i.e should be : daily, 4hr, then 1hr.

If you wanted to trade the 15min - then use 1hr and 4hr above

regards

Red

yes you are right

I see the three tf as the followings
lets say we are doing day, 4 hours, 1 hour

the day in the trend chart
the 4 hour is the trading chart
the 1 hour is the signal chart

teb
  • #187
  • Feb 20, 2008 8:47am Feb 20, 2008 8:47am
Thank You Teb & Redart.

Would you mind explaining what you mean by "Trading chart"?
  • #188
  • Feb 20, 2008 10:56am Feb 20, 2008 10:56am
Quoting TEB63
I will be gone until tuesday.
Monday is a holiday in the USA so becareful trading that day.

Here is what I am tracking with possible set ups.
again because of the the holiday
I would not take a setup less then 4 hours -but that is me.
Aso The JPY crosses are all over the place
so I will likely take a pass on them at this time as well

Attachment

Attachment

Attachment

Attachment

Attachment


cheers

teb
Hi TEB63 thanks for this great simple system ,but could u tell me what went wrong in the tow first charts (cable & usdcad )

Regards
  • #189
  • Feb 20, 2008 11:34am Feb 20, 2008 11:34am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting kkk555
Hi TEB63 thanks for this great simple system ,but could u tell me what went wrong in the tow first charts (cable & usdcad )

Regards

that was my fault, i traded them and it was looking for my SL. LOL. hit both
  • #190
  • Feb 20, 2008 11:45am Feb 20, 2008 11:45am
Hi Tebs,

If the trade entry for a short is below the 200 (see the USDCHF 1 HR chart attached) do you still take it or only take a break of S and R above 200 for a short?

In this case would you look for a smaller swing with an entry above the 200 or pass on the trade?

Thanks.
  • #191
  • Edited 11:58am Feb 20, 2008 11:54am | Edited 11:58am
Here's the attached chart.
Attached Image (click to enlarge)
Click to Enlarge Name: TEB S AND R QUESTION.JPG Size: 93 KB
  • #192
  • Feb 20, 2008 12:29pm Feb 20, 2008 12:29pm
Hi Teb & All!

One question TEB63, what's your opinion about go short on Uchf?
Chart:

Attached Image (click to enlarge)
Click to Enlarge Name: uchf.gif Size: 19 KB



Thanks a lot!

Cordial!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #193
  • Feb 20, 2008 3:26pm Feb 20, 2008 3:26pm
Quoting JhonMonsalve
Hi Teb & All!

One question TEB63, what's your opinion about go short on Uchf?
Chart:

Attachment


Thanks a lot!

Cordial!

I shorted u/chf earlier today at 1.0998. I think there is some resistance at the 200 ema on the 4hr chart. Hopefully looking to pick up about 50 pips!
  • #194
  • Feb 20, 2008 4:59pm Feb 20, 2008 4:59pm
Quoting kkk555
Hi TEB63 thanks for this great simple system ,but could u tell me what went wrong in the tow first charts (cable & usdcad )

Regards

...nothing went wrong... things didn't go the way we wanted... so they were both no trades.. it was the holiday weekend so its a strange time anyways.
....don't hunt trades .... trap them ...if they don't come to you thats fine .... ... there will be more trap & trades later...


teb
  • #195
  • Feb 20, 2008 5:17pm Feb 20, 2008 5:17pm
Hi TEB, why did you go short here as price was above 200ema?
regards
Quoting TEB63
Attachment


teb
  • #196
  • Feb 20, 2008 5:19pm Feb 20, 2008 5:19pm
Quoting msac
I shorted u/chf earlier today at 1.0998. I think there is some resistance at the 200 ema on the 4hr chart. Hopefully looking to pick up about 50 pips!
Thanks a lot msac, I think that UChf drop, let's see.

Ciao!
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #197
  • Feb 20, 2008 5:27pm Feb 20, 2008 5:27pm
Quoting kenneith
Hi TEB, why did you go short here as price was above 200ema?
regards
That is the point its the 1.2.3 part of the system.

teb
  • #198
  • Feb 20, 2008 5:42pm Feb 20, 2008 5:42pm
Thanks for your reply so if we find 1,2,3 pattern, we dont care about 200ema? i mean where it is?
regards
Quoting TEB63
That is the point its the 1.2.3 part of the system.

teb
  • #199
  • Feb 20, 2008 6:15pm Feb 20, 2008 6:15pm
Quoting kenneith
Thanks for your reply so if we find 1,2,3 pattern, we dont care about 200ema? i mean where it is?
regards

no..... the 200 on the hightime frames
you want to get in before it crosses on the 3 time frame,

teb
  • #200
  • Feb 20, 2008 7:46pm Feb 20, 2008 7:46pm
Hi Teb,

Would you mind answering my question in post #190.

Thanks.
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