TEB simple system

I have been trying to make a simple system

so where is my latest Idea ...I would love feed back

charts- 2
a. 4 hour
b. 30 mins

tools -3
a. Stoch slow @ 5.3.3
b. 50 ema
c. candles ..esp. watch tails (shaddow)

rules
1. Get the trend from the 4 hour chart
only -only trade with trend from this chart
you get the trend from a stoch cross on this chart
2. Move to the 30min chart for enter & exit signs
a. enter
-when the stoch crosses on the this chart
- when you have a candle formation sign
ie. - big shaddow- tail or nose
- engulfing candle-
- inside candle -
-3 candle reversal
- you use the 50ema to make sure you have pip room
ie. you want the 50ema under the price to sell
over the price to buy
- if the 50ema has a strong angle it may not be able to cross
then you want the price to make a strong move back
to the area of the 50 or better touch it .
b. exit
- a cross on the 4 hour Stoch & you are out
- more safe close-and the one I used this week
- a cross on the 30min stoch -or a candle sign
reverse of enter sign - above

if you want to use multi-lots enter with 3 lots
close 1st lot with 10 pip win
2nd lot with 25 pip win
3rd lot exit sign

when you hit your 1st target move up your stop loss etc
SL is 35

I used this on
Eur/ Usd & Usd/Jpn Usd/Chf
Gbp/Usd Usd/Cna Aus/Usd
the 1st 3 were easier to work with.


4 hour chart

cross of the stoch
a. Red we are only looking to go down
b. blue we are only looking to go up


30 min chart

the red & blue lines are from the 4 hour chart & show the trend
red arrows enter signs
3 signs
a. big tail on a bear candle
b. cross of the shoch on the 30 mins
c. 3 candle reversal

blue arrow exit signs - you get them all here
a. big tail on a bull candle - shoch cross- 3 candle reversal

it works well & it is simple any feed back

More aggresive exit


30 min chart

2nd Blue arrow is the cross of the stoch onthe 4 hour chart

30min chart


red & blue line are from the 4 hours stoch- for the trend
arrows enter signs
"X" exit signs

"X" is out

I put 3 lots on last night (last arrow on the chart on the last posting)
1st lot 10 pips up and out- TP in the night
2nd lot 25 pips up and out -TP in the night
3rd lot 55 pips up & out
I took it this morning because of candle formation & stoch

the blue line is the 4 hour stoch for trend
the purple lines are channal lines
Arrows - in
"X" - out

last arrow is weaker sign- tighter stops - not as close to the 50ema as I like
-it isa Double bottom (the yellow line is the DB)
- 30min & 4hour stoch
- reversal candles

3 lots
1.10 pips, TP
2. 25 pips, TP
3. I will see

Nice strategy, good job, I like it and i will use it

Good luck at the market,
Mikhail

"X" out of trade & for the day

the 3 lots win on all 3
1st lot 10 pips up
2nd lot 25 pips up
3rd lot 32 pips up

that a rap for the day

bye

Simple and effective, that´s the way I like it.

This will be my last posting unless people have questions



30min chart

red line change in 4 hour trend from the 4 hour stoch
red arrow in
red "X" out

again I did 3 lots
1st lot 10 pips
2nd lot 25 pips
3rd lot I took out at the "X"
because of the 30 stoch & esp. Candle formation

DIVERGENCE: A side thought - not part of the system
On the one hour chart you can see divergence quite well
I do like to watch for it
- not to trade with rather to know when not to trade
- I like it here because one can use the same tools & chart just a diff. time frame


one hour chart

the light blue lines over price & over the stoch are going in opp ways
-Divergence is very clear

hello teb63,

Thanks for the strategy which I have been looking at. One problem is that the strategy starts off "reasonably" simple then starts getting more complicated. Yesterday a new variable of double bottoms was introduced then today the use of divergence was introduced. So the strategy I think is suffering from a degree of "mission creep" in only two days TEB63 would it please be possible to clearly define a strategy and then stick with it for a period of time before adding or changing it, then one can perhaps proceed to discuss the results before considering altering things, otherwise it becomes a little difficult to follow whats going on.

great questions about TEB

1st. questions - About double bottoms - or more rightly- Tweezer bottoms
this is a candle formation - be it a weak one.
I stated in the rules I would use candle formations, so I see it as a natural part of the system.

2nd. Question - Divergence-- not a part of the system - just something I saw.
I do like to watch for divergence, this is nice here
since you can use the same chart & tools - just a diff. time frame.
But again I do not see it as part of the system.


good questions thanks

Neat and simple
I'll forward test it along with another 30 min TS (Bagovino).
As I can see, they complement each other.

Thanks for sharing

Would you honor us with your presence in the journal section and let us see your trading results?

This would be an interesting project if you don't mind. Your onto something here.

Good Luck!

2 TEB63

Maybe 20 SMA is useful, but not too much here.

Look at Stoch. It crosses upward. The trend is up, too. I'd make a trade even if I didn't know anything about SMA's.

BTW, I don't even use 50 MA. For the last 4 days, your TS gave a handful of pips every day. I use 7 pairs. EU, GU, UJ, UC, EJ, GJ, and GC. The only time s/l (30 pips) was hit was yesterday. It was USD/JPY. Mostly the TS gives 10-15 pips (in average per 1 lot) per trade. TP's I used are 10-25-market price, as you mentioned above. I exit market when the candle is close and Stoch crosses in the other direction (on 30M chart).

Again, I recommend you to try Bagovino TS for countertrend trades. It adds up to the profit greatly.

thanks for sharing this

TEB,

Sorry for my English I'm not a native speaker. I've just looked into a dictionary and seen that "handful" means "a few". I wanted to say "many".

Excuse me. Again, nice TS

4 last things


1. " DIVERGENCE: A side thought - not part of the system"
As I have been studying this system, I believe now this doesnot work!!
I do not use this and do not believe you should either.
I do not believe the system needs it.
When I want to look for divergence I use the MACD-H normal setting

2. I am preparing an e-book not sure what I am going to do with it.
I have up-dated this stuff - cleaned it up - made it more readable & understandable
Put in better charts - better examples - got rid of the black ones

In fact it is now MY "personally trading plan"
I have in fact added a more advance part as well as this.
with 2 more ideas which do add safely and pips
I am now using both .
But this 1st part works very well.
I have added to the system & I would suggest you do as well - make it your own system!
If you want a copy of the e-book email me.

3. thanks for all the people who looked at this and helped - great fun!

4. Of coarse trading is risky & you use all this stuff at your own risk!

TEB

Hi TEB63. I would like to know how long you have been trading this system, what have been your pip profit/loss results and do you trade on a demo or real money.

The reason why I ask is because when I click on TEB63 it takes me to your profile page. I then click on Threads Started and you have about 4+ different systems that you are chirping about. ALL threads started about the same time frame. SO......I would like to know which one you actually use and which ONE actually works.

There are a lot of newbies...including myself who are seriously looking for some guidence. So would you please gives us some details about how well you have been trading with this method.

http://www.forexfactory.com/search.php?searchid=1237518

Thanks

Great questions:
1. Real
2. I try to do systems that very lose little. really.
3. As to pips .. I do alright

I am trading this one only and it works very well & it can stand alone
- but I do have 2 other add ons
- but you do not need them- this will work great

I have in the last year or so been trying to find a very simple system.
I use to believe the more tools that agreed the better -
(I personal would use only sars & Macd other then the stoch & MA there)

I see the multi-time frames as the heart of what I do
so the tools come and go and are very much 2nd to this believe

But the stoch is the one I use the most and I belive is the best.
because it is so simple.
MA are good for area of price not so good for crosses

stoch 14.3.3 I think is the best to confirm a trade- if you use it will well help a lot.
but I am using 5,3,3 as the main sign for trend (higher time frame)
& 5,3,3 on the lower one as a buy sell .

what I am doing with time frames I think you can do with any tools!


Just a few thoughts of what I have found!

1. Forex is great but you trade at your own risk! Not mine!
2. Find a good honest broker that doesn’t bet against you-I use OANDA
3. Candles work- I don’t think they should! I don’t know why they do - they just do!
4. The more tools you use the more you lose! One or two is lots-really!
5. Multi-Time frames are the key to trading forex.
6. The higher the time frame the easier it is to see the trend & so trade.
7. Use lower time frames as for buy & sell signs.
8. Learn as much as you can from anywhere you can.
9. KISS works best ( keep it simple smarty)
10. Follow the trend- till you can don’t trade!!!
11. Follow your trading plan- till you can don’t trade!!!
12. Learn to draw Trend lines - Support & Resistance & Channels- Its money in the bank.
13. You will have loses – So have a stop loss always - I use 35 pip SL.
14. EUR/USD, USD/JPY, USD/CHF, EUR/JPY Are the easiest to trade and in that order
15. Price is a false mistress- momentum is a faithful wife!!

Thats all I have to say!!

BYE BYE

I am really liking your system the more I look at it.