1.2.3. break bacis

[quote=oechel;2349535]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

Thanks for that, must have missed reading about the ema`s 9 & 40 on the 30 min chart.

Well I think its not always the same way he searches for trends in the upper timeframes. But one of them...

Tell me if I'm right here?

On my M5 I have EMA's 5,30,100
On an M30 do I need the same indicators?

Currently am in a short of EUR/USD! Looks like I may have made the right trade! If so this system is awesome and it appears to be more accurate than other systems I've been testing.

I am also short at the EURUSD (but im M30 the ema40 is not down) , i am not sure what TEB is thinking about daylows....

(for m30 please read my post with the picture above)

How are you feeling about the trade? I'm not used to holding on to positions this long but I feel much more confident trading this system...which according to all laws...is a good thing!

So 9 and 40 on 30 minutes? I'm still kind of lost on that and could use a little direction on that.

if the candles keep red i am feeling good

but it is not really breaking the 123

It's starting to get painful hahaha...good thing I'm demoing!

Does anyone know how to open 2 positions in MT4 easyly ?

Do you mean 2 positions the same. If you do trade 2 lots then when you want to exit only 1 lot, just go to close order & select 1 lot only. This will close 1 lot & leave the other going.

Ah yes thats true, but i cannot set 2 different targets...

Couldn't you just adjust your remaining position after you've closed the first one?

But the problem is that i have then to close my position manually. Sometimes that is really stressful, and you also have to sit there....

I need to write an EA for doing it all automatic

both targets

slow night

teb

Another try, 2nd pos was stopped out...

The problem is to know if its up or down from now on, also yesterday...

yes it was not a good day for this system the markets had no trend
(a little at the start of theday & at the end)

keep an eye on the eur/usd if its not trending likely nothing else will
as that is where most of the money is.

if this is the case you need to move to a Higher TF &/or higher EMA
I moved to 200ema on the 4 hour/ hour/15 mins (WSS)

also fridays are hard & mondays too

monday morning people are setting the trend
fridays afternoon people are taking money out

A good times to loss money

But anytime between 1pm & 7pm est is bad trading
just too few people in the markets

cheers

TEB

Hi TEB


I can see the Fib line drawn in the chart can you explain how you do this

0 to 200

Thank you TEB !

Anyone knows what WSS means ? Thx.

It is always the same question

The FIBlines 0 100 200 300 mean only that their distance is equidistant.
You can edit the Fibos in MT4 under FIBO properties / Levels with right mousebutton.

World's Simplest System one of the other threads


cheers

teb