i am sorry to ask but isnt the mtf indicators repainting themselves, and giving false signals, or are they giving reliable signals?
- #121
- Mar 21, 2007 9:12pm Mar 21, 2007 9:12pm
- Joined May 2006 | Status: Professional trader, owner of MTC | 1,521 Posts
- #122
- Mar 21, 2007 9:19pm Mar 21, 2007 9:19pm
- Joined Jan 2007 | Status: Trader | 5,864 Posts
i am sorry to ask but isnt the mtf indicators repainting themselves, and giving false signals, or are they giving reliable signals?
- #123
- Mar 22, 2007 4:41am Mar 22, 2007 4:41am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
30min charts
- #125
- Mar 22, 2007 4:51am Mar 22, 2007 4:51am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
30min
I am watching this one to see if the 30 min stoch will turn down.
where the hand is, is where I think it might- but who knows?
- #126
- Mar 22, 2007 5:04am Mar 22, 2007 5:04am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
30min
the price is so low the channel.
one might want to wait for a break of the channel
or for price to rise a lot higher before going in
- #128
- Mar 22, 2007 5:18am Mar 22, 2007 5:18am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
Do you wait for the stochs to get into 80/20 areas before you take the trade or just cross. Do you follow the cross in order, day first, then wait for a 4 hour then 30 mins, or any order? Thanks, I am trying the TEB system out right now.
on the 4 hour & day when it gets in that area I am careful
if you want to be safe
when it crosses above in the 80 or below the 20 stop trading till it comes back out.
but the more you trade the more you will get a feel for it .
on the 30 min yes - but I also look at candle formations
so if I am getting in just on the stoch it has to cross
so some times I get in early based on candles
esp. if you get a big old tail going the way I want
- #129
- Edited 6:10am Mar 22, 2007 5:33am | Edited 6:10am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
30min AUD/Usd
the black lines
are the crossing of the day shoch & 4 hour stochs
both are above the 80% and have crossed
This can be a good tell of a big drop!
But you have confirm it !!!!!!
because sometimes it just a resting to keep going!
But it might drop?!
- #130
- Mar 22, 2007 6:07am Mar 22, 2007 6:07am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
30 min Eur/Jpy
I like this tail & the candle formation
But it needs confirmation - stoch & close of candle
it still might break over 157.41
- #131
- Mar 22, 2007 7:37am Mar 22, 2007 7:37am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
I just finnished my ebook
I have had over 300 people ask for it?
Before I put it out- it 17 pages
I am wondering if 1 or 2 people who are good at editing
could look it over for me -
to make sure What I think I am saying
is what I have also is writen
You would have to be good with english
& have a good understanding of forex
& a better understand of computers then I am
I think in a few days I could have it out.
If I put something out it has to be good.
TEB
email me at
[email protected]
I have had over 300 people ask for it?
Before I put it out- it 17 pages
I am wondering if 1 or 2 people who are good at editing
could look it over for me -
to make sure What I think I am saying
is what I have also is writen
You would have to be good with english
& have a good understanding of forex
& a better understand of computers then I am
I think in a few days I could have it out.
If I put something out it has to be good.
TEB
email me at
[email protected]
- #132
- Mar 22, 2007 8:16am Mar 22, 2007 8:16am
- Joined May 2006 | Status: Professional trader, owner of MTC | 1,521 Posts
could you please analyze today the gbpusd? i see that in daily goes up and in 4hrs goes down, little confusing.
- #136
- Mar 22, 2007 10:28am Mar 22, 2007 10:28am
Blanca,
Consider the Daily to show the long-term trend. The 4Hr will show an intermediate trend.. below about 1Hr consider it the short-term trend.
Analyze the charts a bit to see what you are comfortable with. If The daily shows Up and you are waiting for 4Hr & 30min confirmation, you are basically trading the long-term trend, but waiting for intermediate & short-term confirmation (being pickier with your entries).
If you ignore the daily trend & only use the 4hr & 30min, then you are trading the intermediate trend (of which there are quite a few per day) and using the 30min to pick your entry. There will be many such opportunities per day at this level.
Many traders advocate NOT trading against the longer-term trend (in this case either the daily or 4hr could be considered the longer-term trend). You may wish to consider using the daily with the more volatile pairs - that way you only trade in the direction of the long-term trend. Ultimately tho, which one you use is up to you and your own comfort level!
Hope this helps!
Daemien
Consider the Daily to show the long-term trend. The 4Hr will show an intermediate trend.. below about 1Hr consider it the short-term trend.
Analyze the charts a bit to see what you are comfortable with. If The daily shows Up and you are waiting for 4Hr & 30min confirmation, you are basically trading the long-term trend, but waiting for intermediate & short-term confirmation (being pickier with your entries).
If you ignore the daily trend & only use the 4hr & 30min, then you are trading the intermediate trend (of which there are quite a few per day) and using the 30min to pick your entry. There will be many such opportunities per day at this level.
Many traders advocate NOT trading against the longer-term trend (in this case either the daily or 4hr could be considered the longer-term trend). You may wish to consider using the daily with the more volatile pairs - that way you only trade in the direction of the long-term trend. Ultimately tho, which one you use is up to you and your own comfort level!
Hope this helps!
Daemien
could you please analyze today the gbpusd? i see that in daily goes up and in 4hrs goes down, little confusing.
- #139
- Mar 22, 2007 10:33am Mar 22, 2007 10:33am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
I think we all understand that, but it is easier to show the whole picture to grasp the system and its potential. Unless there was some type of interactive forum, this is the best way to understand the entry and exits.
Sure - if you want to help me set it up
- #140
- Mar 22, 2007 10:37am Mar 22, 2007 10:37am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
How come only one guy so far has understood that you cant go back in time and trade what allready happend?
what do you meam?
we have seen a number of life trades in this thread?