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World's Simplest System

  • #321
  • Mar 27, 2008 7:30pm Mar 27, 2008 7:30pm
1st target taken out

Attached Image (click to enlarge)
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TEB
  • #322
  • Mar 27, 2008 9:18pm Mar 27, 2008 9:18pm
Quoting TEB63
1st target taken out

Attachment

TEB
For those of us who missed this one, looks like there is a potential 1-2-3 long set-up on the aud/usd 4hr chart.
(Sorry, don't know how to show the chart.)
  • #323
  • Mar 27, 2008 9:29pm Mar 27, 2008 9:29pm
Quoting msac
For those of us who missed this one, looks like there is a potential 1-2-3 long set-up on the aud/usd 4hr chart.
(Sorry, don't know how to show the chart.)
post 318

cheers

teb
  • #324
  • Mar 27, 2008 9:37pm Mar 27, 2008 9:37pm
I called the trade in post 318.

but you easily see the 1.2.3 set up on the chart?
where I called the target one taken out

just look at the lines?

teb
  • #325
  • Mar 27, 2008 11:35pm Mar 27, 2008 11:35pm
Quoting TEB63
I called the trade in post 318.

but you easily see the 1.2.3 set up on the chart?
where I called the target one taken out

just look at the lines?

teb

Well, when I posted it seemed like it had pulled back some and became another set-up on the 4hr.
Wasn't trying to steal your thunder, just didn't see post 318.
  • #326
  • Mar 28, 2008 1:13am Mar 28, 2008 1:13am
TEB, you've made some great trades recently. Congrats!

I notice that your screen shots recently are of the 4hr charts. Does this mean that you are using the 4 hr as your lowest of the 3 time frames for these trades? i.e. you're using the weekly, daily and 4 hrly.

Thanks again for your help.
Rob
  • #327
  • Mar 28, 2008 5:29am Mar 28, 2008 5:29am
Quoting msac
Well, when I posted it seemed like it had pulled back some and became another set-up on the 4hr.
Wasn't trying to steal your thunder, just didn't see post 318.

cool

TEB
  • #328
  • Mar 28, 2008 5:30am Mar 28, 2008 5:30am
Quoting priceaction
TEB, you've made some great trades recently. Congrats!

I notice that your screen shots recently are of the 4hr charts. Does this mean that you are using the 4 hr as your lowest of the 3 time frames for these trades? i.e. you're using the weekly, daily and 4 hrly.

Thanks again for your help.
Rob

Yes I like using 4 hour and Day chart for the trigger


Teb
  • #329
  • Mar 28, 2008 1:03pm Mar 28, 2008 1:03pm
Looks to me like there may be a sell on on the Gbp/jpy before the close of the week (looking at the 4hr.). Although I dont see a 1-2-3. Any thoughts? Any one ever look at how well this sets up into the following week?
  • #330
  • Mar 29, 2008 7:42am Mar 29, 2008 7:42am
I am getting a lot of questions on this system

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The system is very easy....
Trigger, Stop Loss, and targets are all shown on the charts.

- At target one take 1/2 your pips out as proffit..
and move Stop loss up to +1 on the other half.

cheers

teb
  • #331
  • Mar 29, 2008 8:14am Mar 29, 2008 8:14am
The only other things 2 things

1.Make sure in an up trend
a. your in, is in fact two pips over the trigger line'
b. your stop loss is 2 pips below the Stop loss line
c. your targets are taken out 2 pips below the tragets lines.
( in a down trend all opp of coarse)

2. I am very mindful of the 100's & 50's on the chart.
If my target or Stop lose or even my trigger is/are closs ot these round numbers.
esp. if they are before my targets/stop loss/ trigger I will normally make them my target/stop loss/trigger.

teb
  • #332
  • Mar 30, 2008 8:14am Mar 30, 2008 8:14am
Teb63,

i've been using your system and it's working..........very much like KHarvell's 'peak and valley' system with the Ema and profit target added

just one question though, do you take counter-trend trades too ? if not, then really have to wait quite a while before the primary trend returns.
  • #333
  • Apr 1, 2008 2:33pm Apr 1, 2008 2:33pm
TEB,

Anything new on this? Look like the EURUSD on 1hr is something to watch here?
  • #334
  • Apr 2, 2008 9:12am Apr 2, 2008 9:12am
AUDUSD is preparing once again on H4....
Attached Image (click to enlarge)
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  • #335
  • Apr 5, 2008 6:52pm Apr 5, 2008 6:52pm
Yes - However I think your stop and entry could be better optimised - i.e get in earlier with a tighther stop...see the two positions I would have taken.

regards

Red
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  • #336
  • Apr 9, 2008 11:57am Apr 9, 2008 11:57am
Quoting findcount
Teb63,

just one question though, do you take counter-trend trades too ? if not, then really have to wait quite a while before the primary trend returns.
so just trade in the main trend or can be counter-trend (eg. selling eur/usd) if 200 ema above eur/usd price on daily and 4hourly ?
  • #337
  • Apr 10, 2008 3:08am Apr 10, 2008 3:08am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting findcount
so just trade in the main trend or can be counter-trend (eg. selling eur/usd) if 200 ema above eur/usd price on daily and 4hourly ?
It's always better to trade with the trend, but with this method the trend is decided by the 2 higher time frames, therefore all trades are effectivly with trend - at least the ones above 1h. just my view on this method and so far it's been a good add on to my trend trading.

i'm sure Teb will let us both know the answer later.
  • #338
  • Apr 10, 2008 2:42pm Apr 10, 2008 2:42pm
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Teb:d
  • #339
  • Apr 10, 2008 3:01pm Apr 10, 2008 3:01pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting TEB63
Attachment

Teb:d
HI Teb
what are the 2 lines red and yellow, are they MA's if so which, just wondering what the price was bouncing off.

MPP
  • #340
  • Apr 10, 2008 4:36pm Apr 10, 2008 4:36pm
Quoting MPP
HI Teb
what are the 2 lines red and yellow, are they MA's if so which, just wondering what the price was bouncing off.

MPP

its a 800 ema

I use it more on the 1 hour chart as it shows the 200ema from the 4 hour on the hour sort of
I use it to screen for set ups.

it also shows the 1 hour on the 15 min chart
which is ok but I really use it more on the hour.

teb
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