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Attachments: 1.2.3. break bacis
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1.2.3. break bacis

Hi Teb, i am watching your system now too. Well also took this trade ...
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good day but a hard day just over 300 pips for the day
how did everyone else do?

chers

TEB
How many trades did you do ?
Hi TEB,

it is a little bit difficult for me to see wich Hi and wich Lo you mark with your Fibo. (You can maybe use the dotted line of the Fibo to mark them)

Is it important how long ago the different EMAs ordered each other in the right order ?

I am beginnner, so do not wonder about my questions.
Ah i now see in the further posts and can answer one of the questions.

Is it important how long ago the different EMAs ordered each other in the right order ?

No its not !
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perfict hit

this late in the day I only do target one
( infact i had 2 targets but the 1st one was the 1.2800)
15 pips & 68 pips

cheers

teb
Quoting oechel
Ah i now see in the further posts and can answer one of the questions.

Is it important how long ago the different EMAs ordered each other in the right order ?

No its not !

?? not sure what you mean

you do want them stacked
price over 5ema over 30ema over 100ema for a buy
sell opp.

cheers

teb
Quoting oechel
How many trades did you do ?
10 sort of... I may have added to trades

8 winners two losers at the time you asked

1 sence

cheers

teb
Yes they should be stacked in the right order. it is not important how long ago they were stacked. 5 minutes or 5h.. if they are stacked, they are stacked.... then its possible to enter a trade in the right direction...
Quoting oechel
Yes they should be stacked in the right order. it is not important how long ago they were stacked. 5 minutes or 5h.. if they are stacked, they are stacked.... then its possible to enter a trade in the right direction...
ok yes
but its better if the the yellow comes out from between the two
if its been up a long time it may turn on you
this is more of a problem on the higher TF

be honest this is where the hour chart comes in
to see what the longer term is doing.

ie. channels or 1.2.3 or triangles etc. it

cheers


teb
I don't trade NFP which is less then an hour now

What does this mean Teb and what hours do you like to trade with this system (gmt)
Many thanks juls.
Quoting Juls
I don't trade NFP which is less then an hour now

What does this mean Teb and what hours do you like to trade with this system (gmt)
Many thanks juls.

once a month is non-farm pay roll on a friday am
its a crazy thing but in the USA people
have partys & bet on it they get hotel rooms & drink beers all night
and try to win the lottery NFP

anyways the big boys swing price both ways & then some
so its crazy & I stay away from it because its the best place to lose a lot of money fast.

as for trading times
I do NY time I do & late London
some times Asia

1pm-7pm EST is about the worst time

But its London not NY that runs the 4X
so 3am - 5am est is the easist time to trade
but its the middle of the night for me

cheers

teb
easy question: What is 4x ? Thx.
4X = FOREX.
Gi day there Teb. Discovered your thread yesterday, read thru it & entered my first trade. A loser I`m afraid. Can you tell me if the entry was correct & just bad luck.
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Why dont you use the 0 100 200 300 marker for the picture ?
Quoting oechel
Why dont you use the 0 100 200 300 marker for the picture ?
I entered 2 pips below the intraday low, 1.4787. Which is the 100% fib. I have been using these fibs on another type of trading but basically they are the same as Tebs. The T3 is 200%, T5 - 300%.
Quoting Hensby
Gi day there Teb. Discovered your thread yesterday, read thru it & entered my first trade. A loser I`m afraid. Can you tell me if the entry was correct & just bad luck.
What time was your entry?

G-Man
I think TEB prefers strong trends.
The EMA40 is flat in M30. (not good)
The price is not nicely under the EMA9 in M30.
There is also the daylow wich is a resistence for your short.

Lets see what TEB is saying after he woke up

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Quoting G-Man
What time was your entry?

G-Man
On my charts it was 8.15am, New York time 1.15am
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