got both targets teb
- #341
- Apr 11, 2008 3:57am Apr 11, 2008 3:57am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
got both targets teb
- #342
- Apr 11, 2008 5:54am Apr 11, 2008 5:54am
- | Commercial User | Joined Nov 2007 | 1,079 Posts
Thanks for sharing the set up. I missed the last one so will need to keep a closer eye out!
- #346
- Apr 11, 2008 4:42pm Apr 11, 2008 4:42pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hello,
What's the indicator's name with the blank arrows on the chart?
How do you calculate the EMA 200 from an upper timeframe on a lower timeframe? For example which is the daily's EMA 200 on the 4 HR's tf?
Thank you!
(English is not my own langage. I speak french. Sorry for the faults.)
not sure if this was answered already
but its easy
lets use the 200ema on the hour chart as are base
pull the 200ema off the 4 hour chart it would be 800ema on the hour chart
200 x 4 = 800
pull it the 200ema off the 15 min chart it would be the 50ema on the hour chart
200 x 1/4 =50
hope that helps
teb
- #347
- Apr 11, 2008 4:45pm Apr 11, 2008 4:45pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Angel,
The 'blank arrows' are FRACTALS
http://www.investopedia.com/articles...6/Fractals.asp
I'm not sure about the ema question.
Rob
they just help with the hi/lows
teb
- #348
- Apr 11, 2008 6:18pm Apr 11, 2008 6:18pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
I am wondering what others are doing with this system?
anyone adding to it ...
seen any interesting things or patterns etc
teb
anyone adding to it ...
seen any interesting things or patterns etc
teb
- #349
- Apr 12, 2008 3:02pm Apr 12, 2008 3:02pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
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.
its basic to the system....
some times you can jump a time frame
ie. the month & week are one way and the day is opp.
you might move in when the 4 hour moves the same way as the 2 higher ones ... but its a little more risky ... bigger rewards to ....
teb
- #351
- Apr 13, 2008 6:54am Apr 13, 2008 6:54am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hi TEB,
This is a great thread.
I am watching EUR/CHF at the moment. We are bearish on all higher time frames. Chart is attached showing where I intend to enter at present. Depending upon Price behaviour next week (if it does not break 1.5900) we could have a more relevant short setup emerging in the blue box. Would you consider an entry with Price bridging the 200EMA such as this? Or would you wait until the "entire" 1-2-3 setup emerges on the upper side of the 200EMA?
Thanks and regards
K
well if you are using my 1.2.3 system you need to see the break.
(of the 2 point right) I think that is the best as S/R break
is the best why to see what price is doing.
and that is the way I would play it.
but you can also use the real 200ema system which is the break of the 3rd 200ems
(all 3 going the same way)I find that way works better on the lower time frames.
but personally I always want a break of a S/R
teb
- #352
- Apr 13, 2008 8:50am Apr 13, 2008 8:50am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
here was one of my trades from last week
on the loonie
teb
- #354
- Apr 13, 2008 2:07pm Apr 13, 2008 2:07pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
hey Teb,
have you been trading this system a lot on usd/cad and eur/cad ?
becoz if it works well on these 2 pairs, you can rename WSS as 'World's Surest System'
What?
the loonie yes the eur/cad no
teb
- #355
- Apr 13, 2008 4:33pm Apr 13, 2008 4:33pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
There are set ups all over the place on 15 min charts.
( that is with the one hour and 4 hour as the hight trend time charts)
with the USD over bought on almost every usd pair
becareful its sunday,
I do not know of a reason for a major correction at this time.
But that doesn't mean there is not a reason for one .
cheers
TEB
( that is with the one hour and 4 hour as the hight trend time charts)
with the USD over bought on almost every usd pair
becareful its sunday,
I do not know of a reason for a major correction at this time.
But that doesn't mean there is not a reason for one .
cheers
TEB
- #357
- Apr 13, 2008 5:02pm Apr 13, 2008 5:02pm
There are set ups all over the place on 15 min charts.
( that is with the one hour and 4 hour as the hight trend time charts)
with the USD over bought on almost every usd pair
becareful its sunday,
I do not know of a reason for a major correction at this time.
But that doesn't mean there is not a reason for one .
cheers
TEB
- #358
- Apr 13, 2008 7:11pm Apr 13, 2008 7:11pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hi Teb,
I've been talking with a guy working at a huge instituition and he is telling that they are using SMAs, and most of instituitions use SMAs for the higher time frames (50,100,200) and mostly EMAs for lower time frames (3 to 50)
This confirms my experience that the 200 SMA acts as s/r a lot more often that 200 EMAs.
What do you think of this? What's your personal experience?
but I would say the 200ema does act R/S
but to be honest I don't use MA for R/S ... I am using them for trend.
the 200sma will work as well... I just find I get more pipswith the Ema
But I would say 200 sma & the 200 ema are the 2 most important
but one is for trend one is for R/S
TEB
- #359
- Apr 13, 2008 7:12pm Apr 13, 2008 7:12pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
I see some other computation of EMA on the different TFs. Please can one just use 200 EMA on each individual chart?
TEB