looks very good!!
TEB
- #561
- Nov 24, 2008 7:02am Nov 24, 2008 7:02am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
looks very good!!
TEB
- #563
- Nov 25, 2008 4:40am Nov 25, 2008 4:40am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hi Teb
This sounds like a great way to trade. Is there any material (PDF files,etc...) out there to read up on this more in depth?
Thanks,
fxst
its kin' my system
nothing is new
but I have never seen anyone do this quite the way I do.
so you will have to read the thread
cheers
TEB
- #565
- Nov 26, 2008 4:35am Nov 26, 2008 4:35am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
the move may still be moving up.
BUT the second target was taken out
I find that is often the time the trend turns
or we have a small correction
cheers
Teb
- #566
- Nov 26, 2008 4:51am Nov 26, 2008 4:51am
- Joined May 2007 | Status: Ozziedave | 1,344 Posts
Attachment
the move may still be moving up.
BUT the second target was taken out
I find that is often the time the trend turns
or we have a small correction
cheers
Teb
I don't understand why you would go long here. On the daily we are under the 200 MA on the 4 hr we are moving up toward the 200MA (pullback). If anything wouldn't this be setting up for a short trade???
- #567
- Nov 26, 2008 5:03am Nov 26, 2008 5:03am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hi Teb,
I don't understand why you would go long here. On the daily we are under the 200 MA on the 4 hr we are moving up toward the 200MA (pullback). If anything wouldn't this be setting up for a short trade???
I am trading now two things here patterns & the 200 ema
the patterns are just very strong & will trump the 200ema
believe me
(long 1.3027 short strong 1.2796, or weak 1.2928 )
cheers
TEB
well
its kin' my system
nothing is new
but I have never seen anyone do this quite the way I do.
so you will have to read the thread
cheers
TEB
- #572
- Nov 26, 2008 9:39pm Nov 26, 2008 9:39pm
- Joined Oct 2007 | Status: Summer is the best time of year! | 1,284 Posts
- #573
- Nov 26, 2008 10:07pm Nov 26, 2008 10:07pm
Good job on the pdf...
So if I trade M15, I look to h1 and h4
If I trade m5, I look to m15 and H1
and if I trade m1, I look to M5 and M30
Does that make sense?
Cheers
CanuckCT
GLT Canuck,
fxst
- #574
- Nov 27, 2008 4:20am Nov 27, 2008 4:20am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Good job on the pdf...
So if I trade M15, I look to h1 and h4
If I trade m5, I look to m15 and H1
and if I trade m1, I look to M5 and M30
Does that make sense?
Cheers
CanuckCT
esp. without the 1.2.3 break part of the system
I have found anything less them 5 mins very hard
(5 min, 15min, 1 hour or 5 min 1 hour, 4 hour)
& then ONLY with a strong trend on the last time frame
I have said the 200 ema is for trend only & it works very well
but its the enteries you make your money with
remember .
To win in the 4X you only need 1 set -up
1. A trend -- The 3 EMA
2. A tool -- The Fractals
3. A trigger -- 1.2.3 break
4. A target-- TEB Fibbs
cheers
teb
I wouldn't personally
esp. without the 1.2.3 break part of the system
I have found anything less them 5 mins very hard
(5 min, 15min, 1 hour or 5 min 1 hour, 4 hour)
& then ONLY with a strong trend on the last time frame
I have said the 200 ema is for trend only & it works very well
but its the enteries you make your money with
remember .
To win in the 4X you only need 1 set -up
1. A trend -- The 3 EMA
2. A tool -- The Fractals
3. A trigger -- 1.2.3 break
4. A target-- TEB Fibbs
cheers
teb
I understand (from your first post) that 15m, 60m and 240m is a safe way to trade this system.
But when going to 5 min, it is not clear if we have to look at:
- 5m, 15m and 60m, or
- 5m, 60m and 240m?
Your help is highly appreciated!
Thanks!
PS: BTW, does it make any sense to work also with 60m, 240m and 1 day? or even 240m, 1d and 1 week?
------------------------------------------
Edited: PS2: same TF for 123 and WSS?
Trading: the skill of avoiding trades
- #576
- Nov 27, 2008 8:07am Nov 27, 2008 8:07am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Sorry for going so slow, but...
I understand (from your first post) that 15m, 60m and 240m is a safe way to trade this system.
But when going to 5 min, it is not clear if we have to look at:
- 5m, 15m and 60m, or
- 5m, 60m and 240m?
Your help is highly appreciated!
Thanks!
PS: BTW, does it make any sense to work also with 60m, 240m and 1 day? or even 240m, 1d and 1 week?
------------------------------------------
Edited: PS2: same TF for 123 and WSS?
I have done both the 15 min is a stronger & bigger single
cheers
teb
- #577
- Nov 27, 2008 9:50am Nov 27, 2008 9:50am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Hi one and all
I think everyone knows this system had like a very very very hight kill rate
the last week I have played once again with the 60sma
sometimes called the 3 duck
but its a much older system
years a go one of my teachers showed it to me.
its a good system with good M/M
well with the 200 ems I have made a lot of money
on my demo account with the 60sma I have lost a lot of money
( not real!!
)
I added to both...the 1.2.3 break
The 200 ema is greatly better at least in the last 7 days
which have been a chop
which is the best time to test trend system.
if I get a chance I am going to test 200 SMA & the 100 EMA
as well
cheers
TEB
I think everyone knows this system had like a very very very hight kill rate
the last week I have played once again with the 60sma
sometimes called the 3 duck
but its a much older system
years a go one of my teachers showed it to me.
its a good system with good M/M
well with the 200 ems I have made a lot of money
on my demo account with the 60sma I have lost a lot of money
( not real!!
) I added to both...the 1.2.3 break
The 200 ema is greatly better at least in the last 7 days
which have been a chop
which is the best time to test trend system.
if I get a chance I am going to test 200 SMA & the 100 EMA
as well
cheers
TEB
- #578
- Nov 27, 2008 10:18am Nov 27, 2008 10:18am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
I love it
teb
- #579
- Nov 27, 2008 10:31am Nov 27, 2008 10:31am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
lot 1 taken out
move stop loss up on 2nd lot
& I will let it run
see you later I am out of here
cheers
TEB
- #580
- Nov 27, 2008 6:41pm Nov 27, 2008 6:41pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Attachment
lot 1 taken out
move stop loss up on 2nd lot
& I will let it run
see you later I am out of here
cheers
TEB
teb