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TEB sytstem

  • #81
  • Mar 20, 2007 9:07am Mar 20, 2007 9:07am
Quoting harold4x
based on your chart the euro is not a sell yet the 4 hr is not lined up with daily

Okay : you are right - but we are in news time now- a little rule change
News in the long run - 9 out of 10 times has no long term effect on the market
- only interst rate stuff does- really

so what I do is I take the 4 hour stoch back to before the news
wait 15-30mins & look to go the way the market was before the news
esp if the news pushs the price the wrong way it is great
-- the stochs tell me where price really should be?!
so I buy when the day & 30 min & the stoch from before the news all line up!
does that make sence?

But you have to get a feel for it - it not part of the system proper - a side line
  • #82
  • Mar 20, 2007 9:24am Mar 20, 2007 9:24am
Dan,

What input did you use to get the MTF stoch for the daily?
  • #83
  • Mar 20, 2007 9:28am Mar 20, 2007 9:28am
I used 5,3,3 on all timeframes.

I start to wonder if we talk about the same.
Do we wait for confirmed crosses or not?
If not, we can just use the MTF in realtime.
  • #84
  • Mar 20, 2007 9:30am Mar 20, 2007 9:30am
Quoting lcfxtrader
Dan,

What input did you use to get the MTF stoch for the daily?
what charting system are you using?
what I do is use one chart
& move the time frames
I put a line on it to show me where it is on that time frame
& them move down to the the 30 min chart

the two lines you see on my charts are
- the big one is from the day chart stoch
- the thin one from the hout chart stoch!
- the arrows are the 30 min stoch

again I find it better to do it by hand then to have the system do it
it worked out at 5.4 pips per trade over the 43 trades
I did both in trading to see if they were the same
- but both ways were winners big time

does that help you
  • #85
  • Mar 20, 2007 9:35am Mar 20, 2007 9:35am
I prefer to have all three on one chart. This is why I use the MTF Stochastic. I guess, the end result is the same, right?
  • #86
  • Mar 20, 2007 9:37am Mar 20, 2007 9:37am
Using MT4. Dan has the daily setup in the picture above. What value did you use to get it to show on the 30 min time frame. I tried D but it's a no go.
Attached Image
  • #87
  • Mar 20, 2007 9:38am Mar 20, 2007 9:38am
Quoting ssotiro
I prefer to have all three on one chart. This is why I use the MTF Stochastic. I guess, the end result is the same, right?

both ways win!!
  • #88
  • Mar 20, 2007 9:42am Mar 20, 2007 9:42am
Quoting lcfxtrader
Using MT4. Dan has the daily setup in the picture above. What value did you use to get it to show on the 30 min time frame. I tried D but it's a no go.
Oh, thats what you mean.
You hae to put 1440 for daily. (minutes)
  • #89
  • Mar 20, 2007 9:46am Mar 20, 2007 9:46am
Catched a nice wave on GBPJPY ^_^
I need to hold for another 13 minutes for ema cross to be confirmed, then I'll be ready for some PIPS ^_^ hopefully
  • #90
  • Mar 20, 2007 9:47am Mar 20, 2007 9:47am
And the short E/U signal I posted earlier is starting to look better.
I just dont like the choppy chart the past few days.
  • #91
  • Edited 11:52am Mar 20, 2007 9:53am | Edited 11:52am
Quoting Dan S
And the short E/U signal I posted earlier is starting to look better.
I just dont like the choppy chart the past few days.
Maybe but it is late in the trading day in Europe- japan has a holiday
& price has fallen alot on the 4 hour chart
& I still think its ugle - & I have no idea where it is going

I closed out the E/U trade i had a few mins ago with 18 pips & I am gone for the day

Good day
  • #92
  • Mar 20, 2007 9:53am Mar 20, 2007 9:53am
Thanks! I looks like you could miss out on some good trades if you wait for 4hr and daily to agree.
Attached Image
  • #93
  • Mar 20, 2007 10:32am Mar 20, 2007 10:32am
Quoting lcfxtrader
Thanks! I looks like you could miss out on some good trades if you wait for 4hr and daily to agree.
`

Think the other way
look for a pair where the 4 hour & the day are moving right for you.
then do the 30 min stoch- screen your trades!

don't get tied to one pair!
But - just do one or 2 pairs a day

you don't need to make a lot of trades in a day
just a few good ones!
  • #94
  • Mar 20, 2007 12:21pm Mar 20, 2007 12:21pm
Hi TEB,

Good work!.

Kindly share your template.

thanks,

Vasu
  • #95
  • Mar 20, 2007 12:42pm Mar 20, 2007 12:42pm
Quoting benakavasu
Hi TEB,

Good work!.

Kindly share your template.

thanks,

Vasu
Go back to the start of this Thread
I believe that is what you are looking for
  • #96
  • Mar 20, 2007 12:50pm Mar 20, 2007 12:50pm
TEB63,

I got your system explanation. It will be great if you can share your templates for all 3 time frames.

thanks and regards,

Vasu
  • #97
  • Mar 20, 2007 12:55pm Mar 20, 2007 12:55pm
Quoting benakavasu
TEB63,

I got your system explanation. It will be great if you can share your templates for all 3 time frames.

thanks and regards,

Vasu
it just has a slow stoch on each time frame
they are all set at 5.3,3
it is very simple

I think that is what you want?
  • #98
  • Edited 1:07pm Mar 20, 2007 12:55pm | Edited 1:07pm
TEB,
Would you trade the above with the daily heading down and 4 hour heading up for long positions on the 30?
  • #99
  • Mar 20, 2007 2:55pm Mar 20, 2007 2:55pm
Quoting lcfxtrader
TEB,
Would you trade the above with the daily heading down and 4 hour heading up for long positions on the 30?
the 4 hour chart is the main chart I use
The day I use just to keep out of problems
I do trade when the day is not in agreementwith the other 2
if it all looks good "?"

its a high win with or with out the day chart
just higher with the day chart

but the holy grail of trading is when you have all 3
just two is real good trading!

IF YOU USE JUST TWO TIME FRAMES
candles & price action & price possition
is way more important

see TEB simple system- thread
  • #100
  • Mar 20, 2007 3:12pm Mar 20, 2007 3:12pm
Attached Image


candle formation!! is worth a look!
its the big big tail!!
buts a funny time of the day
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