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simple trading system for newbies

  • #41
  • Dec 21, 2008 7:49am Dec 21, 2008 7:49am
  •  zykas
  • | Joined Oct 2008 | Status: ... measure thrice, but cut once | 196 Posts
A great effort by you... at least in sharing your idea. Its worth a try .
Thanks Teb,
keep it up.
I like the Big Dogs because I trade like them
  • #42
  • Dec 21, 2008 1:02pm Dec 21, 2008 1:02pm
Quoting TEB63
that is why I never back test,, I find it useless

1. You tested trades when I would not be in the market trading.
a. Time of day
b. Angle on the MA
2. I would not use the 14.3.3 as my only exit (when I did trade with this I did make money)
because you will miss the big moves.
3. I would use multi lots
4. I would still keep an eye on S/R / trend lines & the "00" & the "50"on the chart


cheers & thanks


teb
It's not 14,3,3 it's 15,3,3. Just like you said.
Okay TEB, I understand. If you do ALL of that, then why don't you put that up on the 1st post? I've coded what you said on your 1st post. If you would have added what you do right now, I could have programmed that also.
Nevermind.
TEB, I beleive you are a successfull trader. You do what you think is right. I have nothing againts you now. I understand.
Request custom Expert Advisor or Indicator: dostapyuk "at" gmail . com
  • #43
  • Dec 21, 2008 1:28pm Dec 21, 2008 1:28pm
Teb,

Great post on exits and using multi lots. That post is a goldmine. It has better information than what is found in most books.
Cheers,
Dave
  • #44
  • Dec 21, 2008 1:47pm Dec 21, 2008 1:47pm
Quoting Oksana17
It's not 14,3,3 it's 15,3,3. Just like you said.
Okay TEB, I understand. If you do ALL of that, then why don't you put that up on the 1st post? I've coded what you said on your 1st post. If you would have added what you do right now, I could have programmed that also.
Nevermind.
TEB, I beleive you are a successfull trader. You do what you think is right. I have nothing againts you now. I understand.

Hi Oksana

The basic system is the system & it will work
But any system you have to make it personal!!
I have told you what i do

Now what will you do?


cheers

TEB
  • #45
  • Dec 21, 2008 2:06pm Dec 21, 2008 2:06pm
What are we looking to on the euro?

Attached Image (click to enlarge)
Click to Enlarge Name: 4 hour11.gif Size: 31 KB

4 hour super trend

Attached Image (click to enlarge)
Click to Enlarge Name: 5 min11.gif Size: 33 KB

5 min buy/sell signs


teb
  • #46
  • Dec 21, 2008 2:18pm Dec 21, 2008 2:18pm
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hour line11.gif Size: 28 KB


a lot of people will use a very simple systen
- trend line & candle formation
- they will will buy if the blue line is closed over
- the red line is stop loss

cheers

TEB
  • #47
  • Dec 21, 2008 2:56pm Dec 21, 2008 2:56pm
Teb - good idea
spud uses stochastics only; sexy stoch - only 3 sto; Woodie cci - two ccis(and they "don' need no stinky prices"! : ))) )
captain Goose - just one ma - switch and look look on 3 timeframes - go : )
many systems - like Fibo all kinds - uses only sto just for entry confirmation (basically self- discipline)

thank you for sharing idea which you feel is good and should work
__________
p.s. normally in new TS authors begging 4 EA - here's Teb didn't even ask ... : ))))
  • #48
  • Dec 21, 2008 4:12pm Dec 21, 2008 4:12pm
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hour ltrade.gif Size: 37 KB


very very early to be trading

teb
  • #49
  • Dec 21, 2008 4:52pm Dec 21, 2008 4:52pm
nice thread i will give it a try
  • #50
  • Dec 21, 2008 6:27pm Dec 21, 2008 6:27pm
Thanks for the info on uncluttering the mind with these indicators.
My charts are starting to look like the cockpit of a 747 Jumbo Jet and my mind filled with the noise from the engines instead of paying due attention to the approaching mountain tops.

If I get the idea of this system I think these two entries and exits should be correct?
http://img187.imageshack.us/img187/4...bsystembg4.jpg
Starting to see instead of just looking.
  • #51
  • Dec 21, 2008 9:57pm Dec 21, 2008 9:57pm
I just cheched trade
both lots taken out for proffit one trade missed.

I will be taking any buys signs on the euro
until signs say other wise

Attached Image (click to enlarge)
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teb
  • #52
  • Dec 22, 2008 4:56pm Dec 22, 2008 4:56pm
Hi Teb ...reading your new thread with great interest. Your candle stick chart of eur usd led me to follow up in my demo account..if I can work how to attach the chart you will see it's different . Why would that be? Cheers rrain
Attached Image (click to enlarge)
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  • #53
  • Dec 22, 2008 6:32pm Dec 22, 2008 6:32pm
I like the simplicity of this system, even though I'm not a fan of indicators. Systems need not be complicated to work. I'll be curious to see where forward testing of this leads.
  • #54
  • Dec 22, 2008 7:10pm Dec 22, 2008 7:10pm
TEB63

Say that prioce is above the 50EMA, would you only take a LONG position only if the STO(5,3,3) crosses up from below the 20 line or would you even consider taking anything which turns upward above the 20 line?
Attached Image (click to enlarge)
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  • #55
  • Dec 25, 2008 7:55pm Dec 25, 2008 7:55pm
this is very similar to this article....good read...

http://www.sfomag.com/article.aspx?ID=1209
  • #56
  • Dec 26, 2008 7:47pm Dec 26, 2008 7:47pm
The top dog trading method(Dr.Burns) is very similiar to this one .
  • #57
  • Dec 26, 2008 9:35pm Dec 26, 2008 9:35pm
Hi Guys

Again as I have said agan & again
most good traders use very very simple set-ups!!

A trade =
a trend
a trigger
a target
(A tool )

The 1st guy I know the second guy I don't

Cheers

TEB
  • #58
  • Dec 27, 2008 12:28am Dec 27, 2008 12:28am
hi teb
what s the difference between this new method and your old TEB 2 . at the end it is the same one . just the other one we take direction with h4 and m30 and we enter on m5 .
as i would like to know if you are still using teb1 and teb 2 .
thanks
  • #59
  • Dec 27, 2008 5:40am Dec 27, 2008 5:40am
Quoting samer960
hi teb
what s the difference between this new method and your old TEB 2 . at the end it is the same one . just the other one we take direction with h4 and m30 and we enter on m5 .
as i would like to know if you are still using teb1 and teb 2 .
thanks

Like i said it was the 1st sytem I used!!

its very like it

Cheers


teb
  • #60
  • Dec 28, 2008 5:26pm Dec 28, 2008 5:26pm
Attached Image (click to enlarge)
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1st target
2nd will be the "00"
3rd is a runner
but I think I will get SOut
I will keep moving up SL

cheers
TEB
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