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World's Simplest System

  • #721
  • Dec 10, 2008 9:44am Dec 10, 2008 9:44am
last trade was off the 5 min I have my 15 min chart
here is the 5 min sorry

Attached Image (click to enlarge)
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teb
  • #722
  • Dec 10, 2008 9:48am Dec 10, 2008 9:48am
Quoting TEB63
Please read 1st few posts
The WSS is three 200 emas on 3 time frames for trend
& the 1.2.3 break for enteries.
(I have added bounce & breaks as well a patterns & playing with on another entery)

infact I am doing the WWS

cheers

TEB
Sorry! I missed 5m was temporarily below ema200: nothing to say.

Thanks!
Trading: the skill of avoiding trades
  • #723
  • Dec 10, 2008 10:52am Dec 10, 2008 10:52am
CHFJPY (inverted head and shoulders pattern) has just broken the downward trend

Simultaneously the GBP is getting weaker, and just spotted a TEB pattern on the 1hr timeframe

Daniel
Attached Images
  • #724
  • Dec 10, 2008 11:13am Dec 10, 2008 11:13am
Quoting TEB63
the system works!!!

Attachment

both loss where because of news

cheers

teb
In that case, switch off the radio
Congratulations: excelent results
And thanks again for your support.
Trading: the skill of avoiding trades
  • #725
  • Dec 10, 2008 12:25pm Dec 10, 2008 12:25pm
Quoting TEB63
the system works!!!

Attachment

both loss where because of news

cheers

teb
Great results Teb!!! Thanks for sharing.
  • #726
  • Dec 10, 2008 3:12pm Dec 10, 2008 3:12pm
TEB would it make sense investing in writing an EA for your system ?
  • #727
  • Dec 10, 2008 3:26pm Dec 10, 2008 3:26pm
EURGBP Coming up 5min chart
Attached Image
  • #728
  • Dec 10, 2008 4:31pm Dec 10, 2008 4:31pm
Euro 4 hour chart very bullish!!

Attached Image (click to enlarge)
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teb
  • #729
  • Dec 10, 2008 6:46pm Dec 10, 2008 6:46pm
Quoting TEB63
I wouldn't personally


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



teb

I have read a fair amount of this thread, starting from the beginning, and am now working my way back from the most recent. (Hoping to meeting somewhere in the middle :-) ).

I still haven't "got" what part fractals play in your system, unless you are referring to the 3 time-frames used - I get that bit, I think.

However, are you referring to the fractal indicators that I have noticed on your charts? I don't know how these are meant to be used/interpreted.

With thanks,
M.
Regards, Mike Still learning my trade.
  • #730
  • Dec 10, 2008 8:32pm Dec 10, 2008 8:32pm
Quoting montmorency
I have read a fair amount of this thread, starting from the beginning, and am now working my way back from the most recent. (Hoping to meeting somewhere in the middle :-) ).

I still haven't "got" what part fractals play in your system, unless you are referring to the 3 time-frames used - I get that bit, I think.

However, are you referring to the fractal indicators that I have noticed on your charts? I don't know how these are meant to be used/interpreted.

With thanks,
M.
they simply help show the 1.2.3 breaks
again the 3 emas are there just to keep us on the right side of the market
now we need to know when to buy in

that is where they come in

cheers
teb
  • #731
  • Dec 10, 2008 8:36pm Dec 10, 2008 8:36pm
Attached Image (click to enlarge)
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been a good night for range trading

but it looks like we might have a set up coming

teb
  • #732
  • Dec 10, 2008 9:40pm Dec 10, 2008 9:40pm
Quote
where is price between or is price the two emas -- no trade - move to the 1 hour
or on the same side as the 2 emas set up -- move to the 5 min or 15 min charts

look for price to cross the same way on the 1 hour chart as it is on the 4 hour chart
( the 50ema is the 200 ema on the 15 min)
move down to the 5 or 15 min chart to look for trades

Hi TEB,

I do not understand what you mean by move on to the 1h chart, then "look for price to cross the same way on the 1 hour chart as it is on the 4 hour chart"

On the 4H chart, price is in between the EMA, then move on to 1h chart? what do we do? Do we see if price is above or below both EMAs then we move on to 5 min to trade?

Thanks alot.
{Promotion Removed}
  • #733
  • Dec 10, 2008 9:44pm Dec 10, 2008 9:44pm
Quoting kris
Hi TEB,

I do not understand what you mean by move on to the 1h chart, then "look for price to cross the same way on the 1 hour chart as it is on the 4 hour chart"

On the 4H chart, price is in between the EMA, then move on to 1h chart? what do we do? Do we see if price is above or below both EMAs then we move on to 5 min to trade?

Thanks alot.

yes you got it

cheers

teb
  • #734
  • Dec 11, 2008 2:38am Dec 11, 2008 2:38am
Quoting TEB63
Attachment

been a good night for range trading

but it looks like we might have a set up coming

teb

Attached Image (click to enlarge)
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both targets hit!!

teb
  • #735
  • Dec 11, 2008 3:39am Dec 11, 2008 3:39am
Hi TEB,

I agree with you it works very well on EURO.

do you think this method is bad on the GBP/JPY? I get frequent SL on it. And this method somehow doesn't work outside the London-US trading time. So do you think your latest quiet range trading during the ASIAN time is safe or high risk?
{Promotion Removed}
  • #736
  • Dec 11, 2008 4:30am Dec 11, 2008 4:30am
Attached Image (click to enlarge)
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the euro is very easy at anytime
its very trendy!

cheers

teb
  • #737
  • Dec 11, 2008 4:52am Dec 11, 2008 4:52am
posted wrong chart

1st target taken out move up SL

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cheers
teb
  • #738
  • Dec 11, 2008 5:53am Dec 11, 2008 5:53am
I am out of here 2nd target hit

& now taken out

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cheers

Teb
  • #739
  • Dec 11, 2008 6:06am Dec 11, 2008 6:06am
Quoting TEB63
I am out of here 2nd target hit

& now taken out

Attachment

cheers

Teb
Hi TEB
From your first post to this thread the basis is "wait for the main trend to be broken".
In the trade you just posted some minutes ago, 5m, 15m, 1h and 4h have been above 200EMA for the last hours, so no trend was broken.
It's clear that you used 123 break for your entry, but not so clear you were strictly following the rule, as PA was more than 30 pips above the EMA.
Am I right?
Should we read that the previous trend down in the 5 min chart that lasted 3 hours was in fact a "trend break", although it didn't crossed the 200 EMA?

I am asking all of that because I am trying to use your system in the less subjective way: your last trade surprised me because I have an alarm in my computer to advise me when the relation PA/EMA is different in the 5m chart and in 1h and 4H, and this never happened in the recent hours...
Thanks again!
Trading: the skill of avoiding trades
  • #740
  • Dec 11, 2008 8:17am Dec 11, 2008 8:17am
well got to go

there were 3 buying signs on euro
I hope you got some

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cheers

teb
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