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World's Simplest System

  • #421
  • Apr 20, 2008 5:20am Apr 20, 2008 5:20am
Quoting priceaction
Hi TEB,

When you say that you are watching the 800 ema & the 3200 ema
for angle and separation ...what exactly are you looking for in them?

Thanks,
Rob
Hi Rob

well in this case..
Both the 800 ema (which is the 200ema on the 1 hour chart)
& the 3200 ema (which is the 200 ema on the 4 hour chart) are flat
so there are little or no trend in the 1hour and 4 time frames.

we would like the 800 ema to be pulling away from the 3200 ema.
and both pointed in the direction of our trade.

so we would like all 3 emas pointing up in an up trade - the 200 is not so important.
(opp in a down trend)


I hope that all makes sence

TEB
  • #422
  • Apr 20, 2008 5:35am Apr 20, 2008 5:35am
Attached Image (click to enlarge)
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I thought this was a very likely trade because...

1. The 800ema & 3200 ema are both pointed up.
See black circles (the 3200 ema doesn't need that much of an angle)

2. The space growing between the 800ema and 3200 em.
See the white circles between the 800ema and the 3200 ema.
the more the space the stronger the trend .

TEB
  • #423
  • Apr 20, 2008 10:33pm Apr 20, 2008 10:33pm
Attached Image (click to enlarge)
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2nd target

teb
  • #424
  • Apr 21, 2008 7:29am Apr 21, 2008 7:29am
1st hit of the week
Attached Image (click to enlarge)
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I think it will bea good week
teb
  • #425
  • Apr 21, 2008 8:12am Apr 21, 2008 8:12am
Teb,

good for you ! looks like 15min is the most frequently used trigger ?
  • #426
  • Apr 22, 2008 1:08pm Apr 22, 2008 1:08pm
Attached Image (click to enlarge)
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teb
  • #427
  • Apr 28, 2008 9:34am Apr 28, 2008 9:34am
Attached Image (click to enlarge)
Click to Enlarge Name: eurgif.gif Size: 25 KB

eur/usd 4 hour

teb
  • #428
  • Apr 28, 2008 9:55am Apr 28, 2008 9:55am
Attached Image (click to enlarge)
Click to Enlarge Name: 222.gif Size: 19 KB

The 200ema....
on the 4 hour chart I think is the most powerful sign post in the FX world
just my opion

TEB
  • #429
  • Apr 28, 2008 10:01am Apr 28, 2008 10:01am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting TEB63
Attachment
The 200ema....
on the 4 hour chart I think is the most powerful sign post in the FX world
just my opion

TEB
sweet, i'd missed that one, but i do have a buy order at 1.5700, AH trade from a SL last week

so will it break long or hold the short chasing the daily 200
  • #430
  • Apr 28, 2008 10:41am Apr 28, 2008 10:41am
Quoting TEB63
Attachment
The 200ema....
on the 4 hour chart I think is the most powerful sign post in the FX world
just my opion

TEB
TEB, well spotted.

Price is also currently bouncing off a 62fib that sits between the swing low at 1.5340 and the all time high.

I'm with you on this one. Thanks for posting!

Rob
  • #431
  • Apr 28, 2008 12:27pm Apr 28, 2008 12:27pm
Quoting TEB63
Attachment
eur/usd 4 hour

teb
Were your 2 buys based on a 50% level, a trendline break or a channel break?
  • #432
  • Apr 28, 2008 12:49pm Apr 28, 2008 12:49pm
Hi Teb,

Made a few MA indicators: Daily, 4 Hourly and 1 Hourly MA's. Each has it's own color and default have 200 EMA per own TF.

If you use this indicator on a higher than it's own TF, then it will be less accurate. On the same or lower TF they will be more accurate.
Attached File(s)
File Type: zip MA indicators.zip   2 KB | 691 downloads
  • #433
  • Apr 28, 2008 3:10pm Apr 28, 2008 3:10pm
TEB,

great system in line with DOW theory.

I'm just a bit confused about your triggers.
Do you always wait for the close of the bar before you trigger entry?
And at stoploss line, do we have to wait for the close too? In post #417 it looks like you always wait, so just for clarification :-)

And do you still trade your great systems TEB2 and the last one with RSI?

Thanks.
  • #434
  • Apr 28, 2008 6:16pm Apr 28, 2008 6:16pm
Quoting colombino
TEB,

great system in line with DOW theory.

I'm just a bit confused about your triggers.
Do you always wait for the close of the bar before you trigger entry?
And at stoploss line, do we have to wait for the close too? In post #417 it looks like you always wait, so just for clarification :-)

And do you still trade your great systems TEB2 and the last one with RSI?


Thanks.

always the close of the candle.
no I anm not trading TEB1 or 2
RSI or stoch both do the same thing
RSI is easier to use for Multi TF on the same chart

Just WSS

teb
  • #435
  • Apr 28, 2008 6:20pm Apr 28, 2008 6:20pm
Quoting fewhills
Were your 2 buys based on a 50% level, a trendline break or a channel break?
the break of the neck of the TL (red)
a more riskly trade
I showed it in the 1st posts I believe
I don't show in these posts as it is so risky


TEB
  • #436
  • Apr 28, 2008 7:38pm Apr 28, 2008 7:38pm
Attached Image (click to enlarge)
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starting to look ike a trend is forming

teb
  • #437
  • Apr 29, 2008 8:13am Apr 29, 2008 8:13am
thanks for reply,
you probably already know the ICWR strategy.
If not, google it, its good to read through this strategy for new ideas.
It's based on long term trend nad 123 - swing trading too.

But about your system, I spoted, that many times price turns at fibonacci 1,618 point, maybe there could be the Target1 area.
  • #438
  • Apr 30, 2008 2:09pm Apr 30, 2008 2:09pm
I Think its amazing..
We have a lot of questions about USA interest rates

and where does the most important currance in the world bace itself around?
well lets see ......

Attached Image (click to enlarge)
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Eur/Usd 4 hour

TEB
  • #439
  • Apr 30, 2008 2:17pm Apr 30, 2008 2:17pm
Quoting TEB63
I Think its amazing..
We have a lot of questions about USA interest rates

and where does the most important currance in the world bace itself around?
well lets see ......

Attachment
Eur/Usd 4 hour

TEB
Are you in this already TEB?
I have a buy stop at 1.5670.

Rob
  • #440
  • Apr 30, 2008 8:50pm Apr 30, 2008 8:50pm
Attached Image (click to enlarge)
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eur/usd 4 hour

do you think the 4 hour 200 ema is important?

teb
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