Thanks for the quick response,
Cheers,
Cheers,
Hi Teb,
Thank you for sharing your system.
Could you please suggest settings of EMAs, Fibs, SL, and TP levels for higher TFs like 4H, D1, & W1?
Thank you
Alfa99
Thank you for sharing your system.
Could you please suggest settings of EMAs, Fibs, SL, and TP levels for higher TFs like 4H, D1, & W1?
Thank you
Alfa99
Hi One and all
I have had a lot of people ask me which system I am trading.
In fact I am trading only the 1-2-3 - break system
I am trading it on the 5 mins charts with 3 Ema 5,30,100.
I am only trading the Eur/Usd (rarely the Eur/yen)
The 30ema & 100ema act as trend & channel...
and keep me trading on the right side (hopefully!?)
ie green (30ema) over red (100ema) only in an up trend
price & the 5 ema (yellow)
cannot be between the two, ever when I trade.
The 5ema acts like momentum and/or a bird dog
Again price MUST BE OVER the 5 ema in an up trend
But these are only the bit player the real deal is the 1.2.3 break
As all ways (in an up trend)
the "100 fibb" (2 pips over) is the entery point
the "0 Fibb" (2 pips below) is the SL
the ""200 fibb" (2 pips below) is the 1st target
(close 1/2 of your possition move SL up on the 2nd 1/2 to 0+2 pips)
the "300 fibb"(2 pips below) is your 2nd target close it out
I do keep an eye out for the 50 & 100 points on the chart
and will use them if they are close as targets.
if you like you can have a 3rd lot to play with
you can let it run & keep moving up the SL.
I find on the 5 min chart you have lots of trades.
You will have loss but I find I win well over 80%.
Only trade then the 3 ema are stacked in the right other
and price is in the right place to them.
best if you have some angle on the 30 & 100 ema
its great if they are pulling a part
ie. the 30ema is running away from the 100 ema
its best when the 5 ema is coming of the channel from between the two.
( see blue box below this is great set up)
trade when you have volume
& trust the "fibbs" they work
it is really best to set & leave the room
Trust me you will make more money.
I use the Fractals to help with the 1.2.3 set-ups
but you don't need them
you can use a 1sma just as well
or do it just by eye
its that simple
cheers
The real TEB63
- #29
- Sep 15, 2008 5:58pm Sep 15, 2008 5:58pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hi, TEB!
I don t understand why don t You use the earlier fractal (high of the black bar) as Your point 2 on this picture (and 2 fractals earlier point 3, too). MAs looks good there, too? Am I missing something?
THX, NL
I was showing the trades I took
... I just missed the one you are speaking about,
it would have been a great trade
... I believe I was eating a hotdog at the time LOL
Cheers
TEB
- #30
- Sep 15, 2008 5:58pm Sep 15, 2008 5:58pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hi TEB, ema setting pls.... is it close or open or what? Thanks. Nerry.
TEB
- #31
- Sep 15, 2008 6:12pm Sep 15, 2008 6:12pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hi TEB, i had wanted to ask the above question too. Thanks. Nerry.
Hi Guys
I could have
The reason I didn't simply, I missed it
I was not at looking at the charts when it hit.
I got it the 2nd time around.
All the MA are EMA closed
Cheers
TEB
- #32
- Sep 15, 2008 8:37pm Sep 15, 2008 8:37pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
What a wild day
TEB
TEB
- #33
- Sep 15, 2008 8:47pm Sep 15, 2008 8:47pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hi Teb,
Thanks for these very nice illustrations, I've enjoyed studying them closely. One thing I was not clear on was your criteria for choosing which swing hi to swing lo (or vice versa) to draw the fib projection from, especially in an extended trending run. It seems like where your targets would be would very much be dependent upon the two end points you choose for the fib. Do you look for some criteria, like draw the fib (in an uptrend) from the first swing low after the cross of one of the EMAs? Or something else?
Thx,
R
No you just about have it
the targets are the 200% & 300% "fibbs"
(of course they are not real fibbs)
the fibs are in play when ever,
But always with the trend
but I will not get into a trade unless price is over the stacked EMA
I hope you understand what I am saying
see the yellow box price breaks the "point 2"
but see how the 3 MA are stacked in order?
cheers
TEB
- #34
- Sep 15, 2008 8:53pm Sep 15, 2008 8:53pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hi Teb,
Thank you for sharing your system.
Could you please suggest settings of EMAs, Fibs, SL, and TP levels for higher TFs like 4H, D1, & W1?
Thank you
Alfa99
200ema or 50 ema
WSS (200ema) was an other thread I had going
SL & TP I always use the same ones
see the 1.2.3 ebook at the start of this thread
as for other FIBBS I never use them
I use the Fibb tool
but use non fibbs 0,50,100,200,300,400
TEB
- #37
- Sep 16, 2008 9:03am Sep 16, 2008 9:03am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
I like to see what is going on on in the 30 min chart
because it give a bigger picture like here
I missed the better trade in the yellow box
but I got the second trade.
But see how we are in a 1.12.3 on the 30min chart
more powerful then just the 5 min chart
TEB
because it give a bigger picture like here
I missed the better trade in the yellow box
but I got the second trade.
But see how we are in a 1.12.3 on the 30min chart
more powerful then just the 5 min chart
TEB
- #38
- Sep 17, 2008 6:59am Sep 17, 2008 6:59am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Cheers
TEB
- #39
- Edited 4:19pm Sep 17, 2008 4:08pm | Edited 4:19pm
Hi TEB,
Think EJ and EU had a strong TL on the 30 min?
Do you think the stronger moves are when the 5+30 cross and cross back?
Best regards
Red
Think EJ and EU had a strong TL on the 30 min?
Do you think the stronger moves are when the 5+30 cross and cross back?
Best regards
Red
