feel for the market - weekly and daily trading | Forex Factory

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feel for the market - weekly and daily trading

  • #1
  • First Post: Edited 8:42am Mar 9, 2008 8:17am | Edited 8:42am
This will be just price action on the weekly and daily charts
no tools-

we will use the 8 biggest trading pairs-
Eur/Usd, Usd/Chf, GPb/Usd, Usd/Jpn,
Usd/Cad,aud/Usd,Eur/Jpn, Gpb/Jpn

1. We will take the trend from the trend lines on the weekly charts
2. We will take the trigger signs, targets and Stop losses from the daily

2 The main triggers will be
a. The ol'1.2.3 break
b. Reverse trend line breaks (other words back towards the main trend )

we will look for 2x tops and bottons, H&S formations - channels etc

targets & stop losses will be the normal ones I use
I will explain as I do them

Cheers

teb
  • #2
  • Mar 9, 2008 8:18am Mar 9, 2008 8:18am
Hi Teb I Have Posted On My Thread Key To The Mint And Changed My Style You Had Asked Me Once About The 123 And My Method Being Combined Well Read Post 3006 And Tell Me What You Think
  • #3
  • Mar 9, 2008 8:23am Mar 9, 2008 8:23am
1st 4 of the 8 I will be looking at these are the weekly charts

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teb
  • #4
  • Mar 9, 2008 8:25am Mar 9, 2008 8:25am
2nd set of 4

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teb
  • #5
  • Mar 9, 2008 8:33am Mar 9, 2008 8:33am
ok what have we missed

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teb
  • #6
  • Mar 9, 2008 8:36am Mar 9, 2008 8:36am
there are possible set up for next week

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TEB
  • #7
  • Mar 9, 2008 9:12am Mar 9, 2008 9:12am
The Cable - GPB/USD-- I think is still a good buy

I have some already.

But for this system
I likely will buy some on the strength
of the 1.2.3. on both the daily & weekly charts

I have a buy order in for 2.0100
I think we will see it drop back down then and test that level
before it go up -- if it does I will jump in.


TEB
  • #8
  • Mar 9, 2008 9:20am Mar 9, 2008 9:20am
Hi Teb
I think it'll be an excellent thread! Trading naked with 123 patterns or peaks and valleys is a great way to learn and to feel the market!
I wonder - are you looking for 123 formations in existing trend or as a reverse pattern for a change in a trend? Because I'm trading in a very similar manner and look for trend to change with the help of 123 pattern and when I'm in a trend and entered with 123 setup I dont have any TPs, just moving my SL on fractals. So far so good..
So what do you think about it?
Thanks!

TT.
  • #9
  • Mar 9, 2008 9:24am Mar 9, 2008 9:24am
Quoting TheThing
Hi Teb
I think it'll be an excellent thread! Trading naked with 123 patterns or peaks and valleys is a great way to learn and to feel the market!
I wonder - are you looking for 123 formations in existing trend or as a reverse pattern for a change in a trend? Because I'm trading in a very similar manner and look for trend to change with the help of 123 pattern and when I'm in a trend and entered with 123 setup I dont have any TPs, just moving my SL on fractals. So far so good..
So what do you think about it?
Thanks!

TT.

I ALWAYS AWAYS TRADE WITH THE TREND!!

you use it to spot trend changes interesting!

TEB
  • #10
  • Mar 9, 2008 9:40am Mar 9, 2008 9:40am
Quoting TEB63
I ALWAYS AWAYS TRADE WITH THE TREND!!

you use it to spot trend changes interesting!

TEB
As for me they can be played both
Will watching this thread with interest!
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  • #11
  • Mar 9, 2008 9:47am Mar 9, 2008 9:47am
For everyone interested in this topic there are some good readings
Attached File(s)
File Type: pdf 123system.pdf   1.1 MB | 580 downloads
File Type: pdf Law_of_Charts.pdf   187 KB | 530 downloads
File Type: pdf Traders_Trick_Entry.pdf   139 KB | 562 downloads
File Type: pdf Trading%20Manual_C30_257-266.pdf   76 KB | 1,341 downloads
  • #12
  • Mar 9, 2008 10:52am Mar 9, 2008 10:52am
Quoting TheThing
As for me they can be played both
Will watching this thread with interest!
It is The Thing, TheThing

awesome.

TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #13
  • Mar 9, 2008 11:01am Mar 9, 2008 11:01am
Quoting TEB63
This will be just price action on the weekly and daily charts
no tools-

we will use the 8 biggest trading pairs-
Eur/Usd, Usd/Chf, GPb/Usd, Usd/Jpn,
Usd/Cad,aud/Usd,Eur/Jpn, Gpb/Jpn

1. We will take the trend from the trend lines on the weekly charts
2. We will take the trigger signs, targets and Stop losses from the daily

2 The main triggers will be
a. The ol'1.2.3 break
b. Reverse trend line breaks (other words back towards the main trend )

we will look for 2x tops and bottons, H&S formations - channels etc

targets & stop losses will be the normal ones I use
I will explain as I do them

Cheers

teb
Aha! Finally a systems thread that isn't based around 80 million indicators. I'll be here quite a bit, just watching, learning, and contributing (If I would be allowed to). Thanks for making this TEB. Have a great weekend man.
I dream, therefore I become.
  • #14
  • Mar 9, 2008 11:13am Mar 9, 2008 11:13am
looking forward to learning from u teb! thanks for the efforts!
  • #15
  • Mar 9, 2008 11:15am Mar 9, 2008 11:15am
Thank you for the thread. I found it really-really nice.

The concept of up and down.... mmmhh.... interesting....

Thank you for starting this thread TEB.
  • #16
  • Mar 9, 2008 2:31pm Mar 9, 2008 2:31pm
hi guys

Please everyone add...... lets have fun
The only thing I would ask is lets keep it to the 8 pairs
.... other wise it gets to crazy.

my chart day end is 5:00pm so between 5-7:00pm I will post my trade
I likely will give a warning of a possible trade before that.

I will only do a Jpn trade if I have no other one.
I will take a carry+ trade over a carry - trade

cheers

teb
  • #17
  • Mar 10, 2008 6:43am Mar 10, 2008 6:43am
Here is the 1st possible trade call
I will not take it until 5:00 pm est

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usd/jpy day chart

teb
  • #18
  • Mar 10, 2008 1:37pm Mar 10, 2008 1:37pm
Quoting TEB63
The Cable - GPB/USD-- I think is still a good buy

I have some already.

But for this system
I likely will buy some on the strength
of the 1.2.3. on both the daily & weekly charts

I have a buy order in for 2.0100
I think we will see it drop back down then and test that level
before it go up -- if it does I will jump in.


TEB
ok I am in at 2.0100 on the cable
1st trade with this new system lets see how it goes

teb
  • #19
  • Edited 4:49pm Mar 10, 2008 4:16pm | Edited 4:49pm
second trade of the day
usd/jpn


teb
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  • #20
  • Mar 10, 2008 7:18pm Mar 10, 2008 7:18pm
This is worth a watch
1. If we get a green candle I will take it.
2. More aggrasive trade would be to take it now and put a SL two pips below the trend line

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teb
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