Daily Break and bounce - line in the sand

In the next 3 months I am going to be very busy
and will be able to trading in the day very little.
I might trade a little in the evenning
& very early days .. to which I will be doing the WSS.
or in a strong trend the simple system for newies.

But I am going to find sometime to put trades on around 5:00pm EST
close of the NY. trading day.
I will post between 5-7pm

I will be trading
1. Ranges & Patterns- breaks & bounces
2. Swings highs & lows- breaks & bounces
3. Candle formation esp. Pin, IB & OB
4. Trader tricks in a strong trend
5. 1.2.3 breaks of coarse.


I will be using mostly decision line trading,
I will explain in the next few weeks.
I will use trend lines for ... trend.

I will have a 8.3.3 stoch (in a strong trend 5.3.3)
to confirm the bounces & Candle trading.

I will be trading the day charts ..
I will keep an eye on key lines on the weekly & monthly charts
I might drop down to the 4 hour even the 1 hour for enteries & exites

On each trade I will set rules for in & out
I will post at the start of the trade.

nornaly I will do 3 lots & exit in three way.
The 1st lot is to get something fore sure.
The 2nd lot will be the real traget.
The last lot will be to get a runners.

Exits will be
1 "00" & "50"
2. 100% & 200%
3. greater ranges
3. Swings
4. breaking of desicion lines
5. the wrong end of the stoch if I used it to get in
etc.

Stop loss
1. Price Closes 2 pips below/above the last Swing opp to my trade.
2. Hard Stop loss price closes 2 pips below/above two swings in opp to my trade..
3. 2 candles top/bottom opp to my trade
4. "00" or "50"
5. key desicion line

on the weekend I post up dates on the 8 pairs I will be trading

The main 4 pairs
Usd/Eur.. Gbp/Usd, Usd/Chf... Usd/Jpy,
The next biggest 4
Eur/Jny...Usd/Cnd... Aud/Usd ...NzD/Usd
I might add some pairs later.

Cheers

TEB

Seems we have another man believing in market geometry. Very nice and congrats with your journal

What all the lines & Boxes will mean


cheers

teb

Day 1

No trade today
No trade on
pips total for the month 0




Nothing to trade today.
(I wouldn't anyways Holiday Friday)
On the Day & 4 hour
the only possible future set- up is this one.
A Stoch cross with trend

cheers

TEB

Two things I am adding to this system

1. I will be watching more pairs as I am trading only once a day
... I am going to need more trading chances
- So I will be trading the of the crosses of my main 8 pairs.
I have some others I might trade as well,
that Oanda has that this MT4 does't have.

2. I am adding a 50ema to help screen for possible trades.





TEB

Thanx soo much TEB for sharing your strategy.. i am realy love Daily TF hope to learn from you more..

If u dont mind could u tell me what is the diffrent between Magnta Line and white line .. and why Magenta is IMPORTANT LINE ??

Thanx in Advance.

Didn't trade yesterday or at least not in the evenning
bit of a family vacation

I am watching at 6 pairs.

I put on one trade it was on the 15 min chart on the Eur.GBP @.9754
but I am looking for it to break the 4 hour range to the top
So I am treading it as a day trade .

I can not post charts at this time.
Will try to post the them later

cheers


TEB

Trend following charts


Range charts

Teb:d

Hi One and all

This will be my last post

I really came here to try help help people
But now its just a waste of time
& I am going to get very bussy next week.

But I wanted say good bye

Let be say what I have been trying to say too help people.

Forex is easy to trade if & only if you keep it simple!!!
all you need is ....

a trend
a tool (all you need is one but if more 2 at most 3)
a trigger
a target

more then that and you will lose

below are two charts
its east to see the trades
The 50sma is trend
the Stoch the trigger
Targets & Stop Loss take some learning
(do the Swing or "00" & "50")

(I could have put
one 200 ema on 3 time frames
two shochs on 2 time
three rsi on one time frame.
the point is, it doesn't matter
as long as you keep it simple)

http://www.forexfactory.com/attachme...1&d=1230911456

If you get complex you will lose!!
The entery is not really that important thing
its the exit & the managing the trade!!

I openned this account less then a month ago
I started with $5020 funny money (not really sure where the $20 came from)
I now have over $11,000 of funny money

I traded at least 5 systems ... many live on FF
on at least 12 pairs
on at least 7 time frames

mostly I hold no longer then over night

I say this to say " KEEP IT SIMPLE"
use normal tools an normal setting!!!

& don't worry or buy systems about opening
Worry & pay for learning how to managing & exiting trades!!!!!!!
if you need a simple one email me & tell me your best tool & time frame & when I get some time i wil send you a opening
But I will also send a warning
you will lose unless you have a good exit & M/M.

complex systems pay simple ones
that the facts

you need to study & spend lots of chart time

Cheers

TEB

You took the time to teach us very valuable lessons/skills in forex. I would like to thank you for all you have contributed to helping others.