TEB sytstem | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Teb:tweedle-dee System 9 replies

Teb 4MA System 4 replies

TEB simple system 42 replies

TEB trading group 28 replies

Attachments: TEB sytstem
Exit Attachments

TEB sytstem

  • #61
  • Mar 20, 2007 7:06am Mar 20, 2007 7:06am
Big news out from the US in 30mins
And I am not trading news at this time

so I will be back at later

PIP PIP
  • #62
  • Mar 20, 2007 7:35am Mar 20, 2007 7:35am
Quoting gtketum
jarcrocker, what platform are u using. i ask because i use fxdd and the start times for the daily and 4 hr might be different from the one you used to do the backtest below. i want to duplicate your results and do more backtests.
thanks

North Finance
  • #63
  • Edited 8:52am Mar 20, 2007 7:50am | Edited 8:52am
Quoting jarcrocker
North Finance

I don't really think it matters as long as you do the same each time,
you might get a little diff signs then I do
but it will all work out.

  • #64
  • Mar 20, 2007 7:54am Mar 20, 2007 7:54am
do you think it matters much if 30 min stoc is used if daily and 4 hr are lined up
  • #65
  • Mar 20, 2007 7:55am Mar 20, 2007 7:55am
Hi Guys,

just a heads up for an observation I made in your screenshots that **might** make it looking a little better than it actually is.
Please don`t take this as critisism. I just try to point out a source of a possible error which can be avoided.

Problem:

If you draw the line on the daily chart when a stoch cross gets confirmed, you have to draw the line on the new bar that just started building.
If you draw it on the bar thar that just closed, and you switch to the 30 min timeframe, the line on the 30 min chart will appear in the beginning of the day that confirmed the cross. Which is completely wrong and might lead to successfull backtesting when actually it is not.

Same for 4 hour lines.

GBP/JPY just confirmed crossed stochs on 4H. I took screens to illustrate what I mean

4H chart confirmed cross:
Attached Image
  • #66
  • Mar 20, 2007 7:57am Mar 20, 2007 7:57am
And here how the same line draws on the 30m chart:
(the line should be at the 12:00 bar on the 30 min chart)
And if you use the MTF indicator to draw the lines, you obviously have todraw it t the end of the longer timeframe period, not where the actual cross happened on the MTF indicator.
Attached Image
  • #67
  • Mar 20, 2007 7:58am Mar 20, 2007 7:58am
thats correct thats why i use the 3 mmtf stoc and wait till they line up so i get actual levels of agreement in real time anyone else do this
  • #68
  • Mar 20, 2007 7:59am Mar 20, 2007 7:59am
Quoting harold4x
do you think it matters much if 30 min stoc is used if daily and 4 hr are lined up

You can go in likely

The 30min stoch is just give you a better enter sign - that is all
I have found anything less then 30mins is just to wild
  • #69
  • Mar 20, 2007 8:02am Mar 20, 2007 8:02am
Quoting harold4x
thats correct thats why i use the 3 mmtf stoc and wait till they line up so i get actual levels of agreement in real time anyone else do this
I tried it- it works good
but I found it is still not as good as doing by hand
  • #70
  • Mar 20, 2007 8:11am Mar 20, 2007 8:11am
what i meant was if daily is showing say up and 4 hr candle closes up to agree with daily why not enter there in stead of waiting for 30 min to line up most of the time in my looking back it already crossed on 30 min
  • #71
  • Mar 20, 2007 8:15am Mar 20, 2007 8:15am
Quoting harold4x
what i meant was if daily is showing say up and 4 hr candle closes up to agree with daily why not enter there in stead of waiting for 30 min to line up most of the time in my looking back it already crossed on 30 min
sure you can -
but if you want for the 30 min stoch to line up
4 out 5 times you will still get a better point to enter
  • #72
  • Mar 20, 2007 8:17am Mar 20, 2007 8:17am
notice the long tail on the 30 min candle on the EUR/USD!
And the stoch!
  • #73
  • Mar 20, 2007 8:18am Mar 20, 2007 8:18am
TEB,

Is it better to wait until the 4hr stoch falls below 80 or raises above 20 before going to the 30 min to trade?
  • #74
  • Mar 20, 2007 8:20am Mar 20, 2007 8:20am
either way i have looked back on charts and it has shown tremendous wins especially the gbp/jpy this technique in reality is basic analysis i learned when i first started trading but didnt get it then i get it now trading on 30 min chart with higher timeframe trend is always the way to go i dont see any potential for whipsaws with this because of the higher timeframe stocs
  • #75
  • Mar 20, 2007 8:23am Mar 20, 2007 8:23am
Quoting lcfxtrader
TEB,

Is it better to wait until the 4hr stoch falls below 80 or raises above 20 before going to the 30 min to trade?
for sure- esp. in normal space & time
But what we are really trading now is the after math of the news
so it changes the rules a little
  • #76
  • Mar 20, 2007 8:38am Mar 20, 2007 8:38am
Quoting harold4x
either way i have looked back on charts and it has shown tremendous wins especially the gbp/jpy this technique in reality is basic analysis i learned when i first started trading but didnt get it then i get it now trading on 30 min chart with higher timeframe trend is always the way to go i dont see any potential for whipsaws with this because of the higher timeframe stocs
Again for sure!
remember, that what we are really trading is on 4 hour chart- that is the "trending chart"
that is why the system is so strong.
the 30 min chart just gives you better enter & exit points!

So what you are doing sounds great

keep going!
  • #77
  • Mar 20, 2007 8:51am Mar 20, 2007 8:51am
Quoting TEB63
notice the long tail on the 30 min candle on the EUR/USD!
And the stoch!
Hehe, what makes you so excited about E/U?
According to your rules it should be a sell. But I find the chart loks pretty ugly to trade.

This is what I see:
Attached Image
  • #78
  • Mar 20, 2007 8:54am Mar 20, 2007 8:54am
you are right I mean & did sell sorry
where did I say to buy? I will change it?
I am up 6 pips sorry 7 but it is ugly
that is why Eyes in the sky are good
  • #79
  • Mar 20, 2007 8:56am Mar 20, 2007 8:56am
based on your chart the euro is not a sell yet the 4 hr is not lined up with daily
  • #80
  • Mar 20, 2007 9:03am Mar 20, 2007 9:03am
Quoting harold4x
based on your chart the euro is not a sell yet the 4 hr is not lined up with daily
No, check the 4H chart, last candle crossed for a sell and is confirmed now.
The pending current candle crossed back for now, but is pending.
The second red vertical lne is the confirmed 4H cross down.
2 traders viewing now