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1.2.3. break bacis

  • #261
  • Edited 12:27pm Nov 18, 2008 11:53am | Edited 12:27pm
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1. The white boxes show about the same area on both chart

2. The big black lines on the hour... you want going the same way... if not don't trade.

3. The RSI is not over bought/or sold

4. also as a conformation
a.the rsi is raising
b. Has punched over ther 50% .

5. it hard to tell here
but you do want the candle & candle formations in the right way

6. price must be over the 5 (in fact it would)

tebr
  • #262
  • Nov 18, 2008 12:15pm Nov 18, 2008 12:15pm
some text pls teb !
  • #263
  • Nov 18, 2008 11:32pm Nov 18, 2008 11:32pm
Quoting TEB63
looks fine... but put the 1 hour on as well

put a 5 ems on it
& look at the last hour candle and the one on now

look at the RSI on the Hour make sure you are not over buy/sold
or have the BIG "D" happening

then put on the trade & your winning will be higher
you don't need it but it helps.

This is a great systen in a strong trend ... other wise you may get killed
the market is not trending right now

use the WWS I am


cheers

teb
Thank you, TEB. 5 ema was not up . What is "Big D"?
  • #264
  • Nov 19, 2008 12:33am Nov 19, 2008 12:33am
Quoting Happy68
Thank you, TEB. 5 ema was not up . What is "Big D"?
Divergence.

G-Man
  • #265
  • Nov 19, 2008 1:24am Nov 19, 2008 1:24am
Quoting G-Man
Divergence.

G-Man
Thank you
  • #266
  • Nov 19, 2008 4:13am Nov 19, 2008 4:13am
Quoting lorettapg
Please include me. What are the 3 systems that you are using? This is my first post but wanted to let you know that I have been following your threads for some time. Thanks for sharing.

1. 1.2.3 beak bacis,
2. the WSS
3. one min system I am working on right now

cheers

teb
  • #267
  • Nov 19, 2008 5:28am Nov 19, 2008 5:28am
Quoting TEB63
1. 1.2.3 beak bacis,
2. the WSS
3. one min system I am working on right now

cheers

teb

Great thread .... thanks ....

By the way, may I know what is WSS please ?

.
  • #268
  • Nov 19, 2008 6:10am Nov 19, 2008 6:10am
Quoting hybridvestor
Great thread .... thanks ....

By the way, may I know what is WSS please ?

.
WSS = World's Simplest System

It's another one of Teb's systems that consists of three timeframes with the 200 ema

Dave
  • #269
  • Nov 19, 2008 6:29am Nov 19, 2008 6:29am
Quoting davema
WSS = World's Simplest System

It's another one of Teb's systems that consists of three timeframes with the 200 ema

Dave
Hi Dave, thanks for the pointer, I manage to find his thread regarding to this topic ....

May luck be with you to have many many profitable trades .....

.
  • #270
  • Nov 19, 2008 6:49am Nov 19, 2008 6:49am
Quoting hybridvestor
Hi Dave, thanks for the pointer, I manage to find his thread regarding to this topic ....

May luck be with you to have many many profitable trades .....

.
Hi Hybridvestor,
Glad that I could help. I hope you have many successful trades as well.
Take care,
Dave
http://www.forexfactory.com/images/icons/icon7.gif
  • #271
  • Nov 20, 2008 11:58am Nov 20, 2008 11:58am
second position manually closed because of gbpjpy breakout to the upside
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  • #272
  • Nov 20, 2008 7:38pm Nov 20, 2008 7:38pm
Got 230 pip in EU/AD using 100,30 and 5 EMA and I used my own style of Fibo

Waited for the price to break the 5 and 30 EMA downwards
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  • #273
  • Edited 8:30pm Nov 20, 2008 8:19pm | Edited 8:30pm
32 pip move now in eu

closed for 55 pip
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  • #274
  • Nov 21, 2008 12:36am Nov 21, 2008 12:36am
thanks TEB

+40 pip move in EU/AU. Re entered again
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  • #275
  • Nov 21, 2008 2:04am Nov 21, 2008 2:04am
+100 pip

EU,EJ,Gu
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  • #276
  • Nov 21, 2008 3:08am Nov 21, 2008 3:08am
Hi harigp,

do you have any stopps ?
is this a system ?
  • #277
  • Nov 21, 2008 3:16am Nov 21, 2008 3:16am
Yes I do have

I am using the concept in the first post and 50 % of my trade I close using
the fibo line and the balance 50% I go BE

In the case of EU/AU trade I booked the contract before the closing of
us seesion and frankly i let it run during the night.

I enter for trade using EMA 5,EMA 30 and EMA 100 principle said in the first post

If you have any suggestion pls let me know and I can take care more on
my exit strategey etc
  • #278
  • Nov 21, 2008 3:21am Nov 21, 2008 3:21am
HI Harigp,

if you post charts please draw in the stop, target, entry .....
  • #279
  • Nov 21, 2008 3:26am Nov 21, 2008 3:26am
ok done for future charts
  • #280
  • Nov 21, 2008 3:36am Nov 21, 2008 3:36am
For this thread
If you are trading
1. remember its friday
2. the Eur/usd is at a major fork in the road
the 4 hour channel will break or hold
either way it will have a major effect on the other currances .
you might get blind sided on a 5 min chart ..
even an hour might be small
so keep your stops tight


so it could be an interesting day with this system

cheers

TEB
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